Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 5,000 Shares of Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $16.25, for a total transaction of $81,250.00. Following the completion of the sale, the director now owns 82,544 shares in the company, valued at approximately $1,341,340. The trade was a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Tejon Ranch Stock Performance

Shares of TRC stock opened at $16.58 on Tuesday. Tejon Ranch Co. has a twelve month low of $14.80 and a twelve month high of $19.82. The stock’s fifty day simple moving average is $16.73 and its 200 day simple moving average is $17.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84.

Tejon Ranch (NYSE:TRC) last released 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 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 firm had revenue of $10.86 million for the quarter, compared to the consensus estimate of $10.19 million. On average, sell-side analysts predict that Tejon Ranch Co. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Tejon Ranch

A number of hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its holdings in Tejon Ranch by 2.3% in the second quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock valued at $579,000 after purchasing an additional 770 shares during the period. Accordant Advisory Group Inc increased its stake in shares of Tejon Ranch by 3.7% in the third 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 buying an additional 1,169 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 1,486 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of 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 worth $2,191,000 after acquiring an additional 2,000 shares during the period. Finally, Quent Capital LLC bought a new stake 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.

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.