Geoffrey L. Stack Sells 2,000 Shares of Tejon Ranch Co. (NYSE:TRC) Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,000 shares of the 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 transaction, the director now directly owns 95,882 shares of the company’s stock, valued at approximately $1,572,464.80. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Tejon Ranch Trading Up 0.2 %

Shares of TRC opened at $16.04 on Friday. 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 firm’s 50 day moving average is $16.95 and its 200-day moving average is $17.26. Tejon Ranch Co. has a 12-month low of $14.80 and a 12-month high of $19.82.

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 (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 business had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.19 million. On average, sell-side analysts anticipate that Tejon Ranch Co. will post 0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Tejon Ranch

A number of hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in Tejon Ranch by 1.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 667,822 shares of the real estate development and agribusiness company’s stock worth $10,291,000 after purchasing an additional 11,062 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tejon Ranch by 0.8% during the third 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. Foundation Resource Management Inc. boosted its position in Tejon Ranch by 1.6% during the second quarter. Foundation Resource Management Inc. now owns 490,686 shares of the real estate development and agribusiness company’s stock valued at $8,371,000 after purchasing an additional 7,913 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Tejon Ranch by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock valued at $5,784,000 after purchasing an additional 6,605 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Tejon Ranch by 0.8% during the 3rd 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 in the last quarter. 60.63% of the stock is owned by hedge funds and other institutional investors.

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.