Tejon Ranch Co. (NYSE:TRC) Director Sells $81,250.00 in Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 5,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.25, for a total value of $81,250.00. Following the completion of the transaction, the director now directly owns 82,544 shares in the company, valued at $1,341,340. This represents a 5.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Tejon Ranch Stock Up 1.1 %

TRC stock opened at $16.10 on Thursday. Tejon Ranch Co. has a one year low of $14.80 and a one year high of $19.82. The firm has a 50-day moving average of $16.65 and a two-hundred day moving average of $17.23. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

Tejon Ranch (NYSE:TRC) last issued its quarterly earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The firm had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.19 million. On average, research analysts expect that Tejon Ranch Co. will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Tejon Ranch

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quent Capital LLC bought a new stake in shares of Tejon Ranch during the 3rd quarter worth $42,000. Signaturefd LLC lifted its position in Tejon Ranch by 1,267.2% during the 2nd quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after acquiring an additional 2,395 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Tejon Ranch by 39.2% during the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock valued at $192,000 after acquiring an additional 3,170 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Tejon Ranch by 1,141.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 15,939 shares of the real estate development and agribusiness company’s stock valued at $246,000 after purchasing an additional 14,655 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Tejon Ranch in the first quarter worth about $344,000. Institutional investors and hedge funds own 60.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Tejon Ranch to a “sell” rating in a research report on Wednesday, August 7th.

About Tejon Ranch

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.