Geoffrey L. Stack Sells 6,000 Shares of Tejon Ranch Co. (NYSE:TRC) Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 6,000 shares of the 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 completion of the sale, the director now owns 87,544 shares of the company’s stock, valued at $1,380,568.88. This trade represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tejon Ranch Stock Performance

NYSE:TRC opened at $15.82 on Friday. Tejon Ranch Co. has a one year low of $14.80 and a one year high of $19.82. 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 stock has a 50 day moving average price of $16.76 and a 200 day moving average price of $17.22.

Tejon Ranch (NYSE:TRC) last issued its earnings results 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). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The company had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.19 million. On average, analysts forecast that Tejon Ranch Co. will post 0.02 EPS for the current year.

Institutional Investors Weigh In On Tejon Ranch

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of Tejon Ranch in the 3rd quarter valued at approximately $42,000. Signaturefd LLC grew its position in Tejon Ranch by 1,267.2% in the second quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after acquiring an additional 2,395 shares during the period. BNP Paribas Financial Markets grew its position in Tejon Ranch by 65.7% in the first quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock worth $157,000 after acquiring an additional 4,051 shares during the period. SG Americas Securities LLC increased its stake 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 worth $192,000 after acquiring an additional 3,170 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in Tejon Ranch by 1,141.4% in the first 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 purchasing an additional 14,655 shares during the period. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.