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

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 value of $94,620.00. Following the completion of the transaction, the director now directly owns 87,544 shares in the company, valued at $1,380,568.88. The trade was a 6.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Tejon Ranch Stock Up 1.2 %

Shares of Tejon Ranch stock opened at $15.82 on Monday. Tejon Ranch Co. has a 1 year low of $14.80 and a 1 year high of $19.82. The business has a 50-day moving average of $16.76 and a two-hundred day moving average of $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 posted 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 return on equity of 0.05% and a negative net margin of 0.57%. Analysts anticipate that Tejon Ranch Co. will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. OFI Invest Asset Management bought a new position in Tejon Ranch in the second quarter valued at approximately $655,000. Lee Danner & Bass Inc. acquired a new stake in shares of Tejon Ranch in the second quarter valued at approximately $802,000. SG Americas Securities LLC lifted its position in shares of Tejon Ranch by 39.2% in 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 buying an additional 3,170 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of 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 buying an additional 14,655 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Tejon Ranch in the first quarter valued at approximately $344,000. 60.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Tejon Ranch to a “sell” rating in a research note 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.