Geoffrey L. Stack Sells 5,000 Shares of Tejon Ranch Co. (NYSE:TRC) Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 5,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $16.25, for a total transaction of $81,250.00. Following the completion of the sale, the director now directly owns 82,544 shares of the company’s stock, valued at approximately $1,341,340. This trade represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Tejon Ranch Trading Up 1.1 %

Shares of NYSE:TRC opened at $16.10 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. Tejon Ranch Co. has a 1-year low of $14.80 and a 1-year high of $19.82. The business’s 50 day moving average is $16.65 and its 200-day moving average is $17.23.

Tejon Ranch (NYSE:TRC) last posted its quarterly 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 analyst estimates of $10.19 million. As a group, sell-side analysts expect that Tejon Ranch Co. will post 0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a research note on Wednesday, August 7th.

Institutional Trading of Tejon Ranch

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRC. Quent Capital LLC acquired a new stake in Tejon Ranch during the third quarter valued at approximately $42,000. Signaturefd LLC boosted its stake in Tejon Ranch by 1,267.2% in the 2nd quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock valued at $44,000 after buying an additional 2,395 shares in the last quarter. SG Americas Securities LLC boosted its stake in Tejon Ranch by 39.2% in the 2nd 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 buying an additional 3,170 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in 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 acquiring an additional 14,655 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in Tejon Ranch during the first quarter worth $344,000. Institutional investors own 60.63% of the company’s stock.

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.