Tejon Ranch Co. (NYSE:TRC) Director Sells $94,620.00 in Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 6,000 shares of Tejon Ranch stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $15.77, for a total transaction of $94,620.00. Following the sale, the director now owns 87,544 shares in the company, valued at approximately $1,380,568.88. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tejon Ranch Price Performance

Shares of Tejon Ranch stock opened at $15.82 on Monday. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $16.76 and its two-hundred day moving average price is $17.24. 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 for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The company had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.19 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. Equities research analysts expect that Tejon Ranch Co. will post 0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Tejon Ranch

Several institutional investors and hedge funds have recently bought and sold shares of TRC. Quent Capital LLC purchased a new position in Tejon Ranch during the 3rd quarter valued at about $42,000. Signaturefd LLC lifted its holdings in shares of Tejon Ranch by 1,267.2% during 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 during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Tejon Ranch by 65.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock valued at $157,000 after buying an additional 4,051 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Tejon Ranch by 39.2% during 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 during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Tejon Ranch by 1,141.4% during the 1st 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 buying an additional 14,655 shares during the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Tejon Ranch to a “sell” rating in a research report 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.