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 Tejon Ranch stock in a transaction that occurred on 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Tejon Ranch Price Performance

NYSE TRC opened at $15.82 on Friday. 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 of $16.76 and a two-hundred day moving average of $17.22. Tejon Ranch Co. has a 1-year low of $14.80 and a 1-year high of $19.82.

Tejon Ranch (NYSE:TRC) last announced 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 analysts’ consensus estimates of ($0.01) by ($0.06). The business had revenue of $10.86 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Tejon Ranch Co. will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tejon Ranch

Several institutional investors have recently modified their holdings of TRC. Quent Capital LLC purchased a new position in Tejon Ranch in the third quarter valued at $42,000. Signaturefd LLC increased its holdings in Tejon Ranch by 1,267.2% during the 2nd 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. BNP Paribas Financial Markets raised its position in Tejon Ranch by 65.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,216 shares of the real estate development and agribusiness company’s stock valued at $157,000 after purchasing an additional 4,051 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Tejon Ranch by 39.2% in the 2nd 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 period. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Tejon Ranch by 1,141.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 15,939 shares of the real estate development and agribusiness company’s stock worth $246,000 after buying an additional 14,655 shares in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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