Foundation Resource Management Inc. Has $7.71 Million Stake in Tejon Ranch Co. (NYSE:TRC)

Foundation Resource Management Inc. reduced its stake in Tejon Ranch Co. (NYSE:TRC) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 484,596 shares of the real estate development and agribusiness company’s stock after selling 3,345 shares during the period. Tejon Ranch comprises approximately 1.3% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 28th largest position. Foundation Resource Management Inc. owned 1.81% of Tejon Ranch worth $7,705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC lifted its stake in Tejon Ranch by 298.1% in the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock valued at $563,000 after purchasing an additional 24,015 shares during the last quarter. Geode Capital Management LLC grew its position in Tejon Ranch by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock worth $9,444,000 after acquiring an additional 4,247 shares during the last quarter. Rhumbline Advisers increased its holdings in Tejon Ranch by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock worth $579,000 after purchasing an additional 770 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Tejon Ranch by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock valued at $3,413,000 after purchasing an additional 1,486 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Tejon Ranch by 29.7% during the third quarter. SG Americas Securities LLC now owns 14,586 shares of the real estate development and agribusiness company’s stock valued at $256,000 after purchasing an additional 3,337 shares in the last quarter. 60.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tejon Ranch news, Director Geoffrey L. Stack sold 2,000 shares of Tejon Ranch stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $16.40, for a total transaction of $32,800.00. Following the transaction, the director now directly owns 95,882 shares of the company’s stock, valued at approximately $1,572,464.80. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 25,338 shares of company stock valued at $405,928 over the last 90 days. 22.44% of the stock is owned by insiders.

Tejon Ranch Stock Performance

NYSE:TRC opened at $15.47 on Wednesday. The stock’s 50-day moving average is $15.87 and its 200-day moving average is $16.86. Tejon Ranch Co. has a 1-year low of $14.70 and a 1-year high of $19.82. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The stock has a market cap of $414.95 million, a P/E ratio of -1,547,000.00 and a beta of 0.59.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The business had revenue of $10.86 million for the quarter, compared to the consensus estimate of $10.19 million. Equities research analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Tejon Ranch Company Profile

Tejon Ranch Co, together with its subsidiaries, operates as a diversified real estate development and agribusiness company. It operates through five segments: Commercial/Industrial Real Estate Development, Resort/Residential Real Estate Development, Mineral Resources, Farming, and Ranch Operations. The Commercial/Industrial Real Estate Development segment engages in the planning and permitting of land for development; construction of infrastructure projects, pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.