Insider Selling: Tejon Ranch Co. (NYSE:TRC) Director Sells 5,000 Shares of Stock

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 5,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $16.25, for a total value of $81,250.00. Following the sale, the director now owns 82,544 shares of the company’s stock, valued at approximately $1,341,340. The trade was a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tejon Ranch Trading Up 4.8 %

Shares of NYSE:TRC opened at $16.58 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 52-week low of $14.80 and a 52-week high of $19.82. The business’s 50 day simple moving average is $16.73 and its two-hundred day simple moving average is $17.24.

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). The firm 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%. As a group, equities analysts forecast that Tejon Ranch Co. will post 0.02 EPS for the current year.

Institutional Investors Weigh In On Tejon Ranch

Several hedge funds and other institutional investors have recently made changes to their positions in TRC. OFI Invest Asset Management acquired a new position in Tejon Ranch during the 2nd quarter valued at about $655,000. Lee Danner & Bass Inc. purchased a new position in shares of Tejon Ranch during the second quarter valued at approximately $802,000. SG Americas Securities LLC grew 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 worth $192,000 after buying an additional 3,170 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Tejon Ranch by 1,141.4% in the 1st 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 bought a new position in Tejon Ranch during the 1st quarter valued at $344,000. 60.63% of the stock is 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.

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.