Geoffrey L. Stack Sells 2,338 Shares of Tejon Ranch Co. (NYSE:TRC) Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,338 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $16.00, for a total transaction of $37,408.00. Following the completion of the transaction, the director now owns 93,544 shares in the company, valued at approximately $1,496,704. This trade represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Tejon Ranch Trading Up 0.2 %

Tejon Ranch stock opened at $16.04 on Friday. The business’s fifty day moving average is $16.94 and its two-hundred day moving average is $17.25. 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 52 week low of $14.80 and a 52 week high of $19.82.

Tejon Ranch (NYSE:TRC) last issued its quarterly 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). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The company had revenue of $10.86 million for the quarter, compared to analyst estimates of $10.19 million. On average, equities analysts forecast that Tejon Ranch Co. will post 0.02 EPS for the current year.

Institutional Trading of Tejon Ranch

A number of hedge funds and other institutional investors have recently modified their holdings of TRC. Rhumbline Advisers raised its holdings in Tejon Ranch by 2.3% during the 2nd quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock worth $579,000 after purchasing an additional 770 shares during the last quarter. Accordant Advisory Group Inc grew 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 worth $568,000 after buying an additional 1,169 shares during the period. Charles Schwab Investment Management Inc. raised 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 buying an additional 1,486 shares during the last quarter. Gabelli Funds LLC lifted its holdings in Tejon Ranch by 1.4% in the first quarter. Gabelli Funds LLC now owns 142,200 shares of the real estate development and agribusiness company’s stock valued at $2,191,000 after buying an additional 2,000 shares during the period. Finally, Quent Capital LLC bought a new position in Tejon Ranch in the third quarter valued at approximately $42,000. Institutional investors and hedge funds own 60.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.