Horizon Kinetics Asset Management LLC Cuts Stock Position in Tejon Ranch Co. (NYSE:TRC)

Horizon Kinetics Asset Management LLC decreased its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 899,106 shares of the real estate development and agribusiness company’s stock after selling 9,838 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Tejon Ranch were worth $15,779,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings 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 worth $3,413,000 after buying an additional 1,486 shares during the last quarter. Accordant Advisory Group Inc increased its stake in Tejon Ranch by 3.7% during the third quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company’s stock worth $568,000 after acquiring an additional 1,169 shares during the last quarter. Quent Capital LLC purchased a new stake in Tejon Ranch during the third quarter valued at approximately $42,000. SG Americas Securities LLC lifted its stake in shares of Tejon Ranch by 29.7% in the 3rd 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 purchasing an additional 3,337 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Tejon Ranch by 17.4% in the 2nd 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 purchasing an additional 4,769 shares during the last quarter. Institutional investors own 60.63% of the company’s stock.

Insider Transactions at Tejon Ranch

In related news, Director Geoffrey L. Stack sold 6,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $15.77, for a total value of $94,620.00. Following the transaction, the director now owns 87,544 shares of the company’s stock, valued at $1,380,568.88. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 10,338 shares of company stock worth $164,828. 22.44% of the stock is currently owned by insiders.

Tejon Ranch Trading Up 1.2 %

Shares of TRC opened at $15.82 on Monday. The company’s fifty day simple moving average is $16.76 and its 200-day simple moving average is $17.24. 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 twelve month low of $14.80 and a twelve month high of $19.82.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings data 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). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The firm had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.19 million. On average, equities research analysts expect that Tejon Ranch Co. will post 0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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.