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

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 5,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $16.12, for a total transaction of $80,600.00. Following the transaction, the director now owns 72,544 shares in the company, valued at approximately $1,169,409.28. The trade was a 6.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tejon Ranch Stock Down 1.4 %

TRC stock opened at $15.86 on Wednesday. The business’s 50-day simple moving average is $16.35 and its 200 day simple moving average is $17.15. 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 company has a market cap of $425.37 million, a PE ratio of -1,586,000.00 and a beta of 0.59. Tejon Ranch Co. has a twelve month low of $14.80 and a twelve month high of $19.82.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings data on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $10.86 million for the quarter, compared to the consensus estimate of $10.19 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. On average, research analysts anticipate that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Hedge Funds Weigh In On Tejon Ranch

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC acquired a new stake in shares of Tejon Ranch during the 3rd quarter valued at about $42,000. Signaturefd LLC lifted its stake in Tejon Ranch by 1,267.2% during the second quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after purchasing an additional 2,395 shares during the period. SG Americas Securities LLC boosted its holdings in Tejon Ranch by 39.2% during the second 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 purchasing an additional 3,170 shares in the last quarter. Accordant Advisory Group Inc grew its stake in shares of Tejon Ranch by 4.1% in the 2nd quarter. Accordant Advisory Group Inc now owns 31,189 shares of the real estate development and agribusiness company’s stock valued at $532,000 after purchasing an additional 1,219 shares during the period. Finally, Barclays PLC raised its holdings in shares of Tejon Ranch by 298.1% in the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock worth $563,000 after buying an additional 24,015 shares in the last quarter. 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.