Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 2,500 Shares

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $15.60, for a total transaction of $39,000.00. Following the completion of the transaction, the director now owns 67,544 shares in the company, valued at approximately $1,053,686.40. This trade represents a 3.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Tejon Ranch Stock Down 3.6 %

TRC stock opened at $15.24 on Friday. 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 is $15.89 and its 200 day moving average is $16.87. The stock has a market cap of $408.78 million, a price-to-earnings ratio of -1,524,000.00 and a beta of 0.59. Tejon Ranch Co. has a 1-year low of $14.70 and a 1-year 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 the consensus estimate of ($0.01) by ($0.06). The company had revenue of $10.86 million during the quarter, compared to the consensus estimate of $10.19 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. Sell-side analysts predict that Tejon Ranch Co. will post -0.04 EPS for the current fiscal year.

Institutional Trading of Tejon Ranch

Several hedge funds and other institutional investors have recently bought and sold shares of TRC. Bank of New York Mellon Corp boosted its stake in Tejon Ranch by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock worth $5,784,000 after buying an additional 6,605 shares in the last quarter. Rhumbline Advisers boosted its stake 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 worth $579,000 after buying an additional 770 shares in the last quarter. American Century Companies Inc. boosted its stake in Tejon Ranch by 17.4% in the second quarter. American Century Companies Inc. now owns 32,226 shares of the real estate development and agribusiness company’s stock worth $550,000 after buying an additional 4,769 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Tejon Ranch by 29.7% during the third 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 period. Finally, Quent Capital LLC purchased a new stake in shares of Tejon Ranch during the third quarter valued at approximately $42,000. Hedge funds and other institutional investors 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.