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 firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.60, for a total value of $39,000.00. Following the completion of the sale, the director now owns 67,544 shares in the company, valued at approximately $1,053,686.40. This represents a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tejon Ranch Stock Performance

Shares of TRC opened at $15.24 on Friday. The company has a market capitalization of $408.78 million, a price-to-earnings ratio of -1,524,000.00 and a beta of 0.59. Tejon Ranch Co. has a 52-week low of $14.70 and a 52-week high of $19.82. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $15.89 and a 200 day moving average price of $16.88.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.19 million. Research analysts predict that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Tejon Ranch

Several hedge funds have recently made changes to their positions in TRC. Quent Capital LLC acquired a new stake in shares of Tejon Ranch in the 3rd quarter valued at about $42,000. SG Americas Securities LLC lifted its stake in Tejon Ranch by 29.7% in 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 buying an additional 3,337 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Tejon Ranch by 17.4% in the second quarter. American Century Companies Inc. now owns 32,226 shares of the real estate development and agribusiness company’s stock valued at $550,000 after acquiring an additional 4,769 shares during the period. Barclays PLC grew its position in shares of Tejon Ranch by 298.1% during the third quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock worth $563,000 after acquiring an additional 24,015 shares during the last quarter. Finally, Accordant Advisory Group Inc increased its holdings in shares of Tejon Ranch by 3.7% in the 3rd 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 acquiring an additional 1,169 shares during the period. Hedge funds and other institutional investors own 60.63% of the company’s stock.

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.