Geoffrey L. Stack Sells 2,500 Shares of Tejon Ranch Co. (NYSE:TRC) Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $16.10, for a total transaction of $40,250.00. Following the transaction, the director now owns 77,544 shares of the company’s stock, valued at approximately $1,248,458.40. This represents a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tejon Ranch Stock Down 1.1 %

TRC traded down $0.17 during trading on Tuesday, reaching $15.98. 20,553 shares of the stock were exchanged, compared to its average volume of 74,714. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The stock’s 50 day moving average price is $16.52 and its two-hundred day moving average price is $17.22. Tejon Ranch Co. has a twelve month low of $14.80 and a twelve month high of $19.82.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings data on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $10.86 million for the quarter, compared to analyst estimates of $10.19 million. Equities analysts forecast that Tejon Ranch Co. will post 0.02 EPS for the current fiscal year.

Institutional Trading of Tejon Ranch

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its stake 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 valued at $579,000 after buying an additional 770 shares during the last quarter. Accordant Advisory Group Inc grew its position in shares of Tejon Ranch by 3.7% in the third quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company’s stock valued at $568,000 after purchasing an additional 1,169 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Tejon Ranch by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock worth $3,413,000 after purchasing an additional 1,486 shares during the period. Quent Capital LLC bought a new position in shares of Tejon Ranch during the third quarter worth approximately $42,000. Finally, Signaturefd LLC lifted its holdings 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 purchasing an additional 2,395 shares during the last quarter. 60.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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.