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

Foundation Resource Management Inc. reduced its position in Tejon Ranch Co. (NYSE:TRC) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm 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 portfolio, making the stock its 28th largest holding. Foundation Resource Management Inc.’s holdings in Tejon Ranch were worth $7,705,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRC. Barclays PLC boosted its position in 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 valued at $563,000 after acquiring an additional 24,015 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Tejon Ranch by 0.8% in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Tejon Ranch by 0.8% in the 3rd 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 period. Accordant Advisory Group Inc boosted its position in shares of Tejon Ranch by 3.7% during 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 purchasing an additional 1,169 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Tejon Ranch during the third quarter worth approximately $42,000. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Price Performance

Shares of TRC opened at $15.47 on Wednesday. The firm has a market cap of $414.95 million, a PE ratio of -1,547,000.00 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 debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84. The business’s 50 day moving average price is $15.87 and its two-hundred day moving average price is $16.86.

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

Insiders Place Their Bets

In related news, Director Geoffrey L. Stack sold 2,000 shares of Tejon Ranch stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $16.40, for a total value of $32,800.00. Following the completion of the sale, the director now owns 95,882 shares of the company’s stock, valued at approximately $1,572,464.80. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 25,338 shares of company stock worth $405,928. Corporate insiders own 22.44% 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.