Tejon Ranch Co. (NYSE:TRC) Shares Sold by Mad River Investors

Mad River Investors lessened its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,799 shares of the real estate development and agribusiness company’s stock after selling 28,600 shares during the period. Tejon Ranch accounts for approximately 0.2% of Mad River Investors’ investment portfolio, making the stock its 22nd biggest position. Mad River Investors owned about 0.10% of Tejon Ranch worth $442,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in shares of Tejon Ranch by 298.1% during the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock worth $563,000 after purchasing an additional 24,015 shares during the period. American Century Companies Inc. grew its stake in shares of 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 valued at $550,000 after buying an additional 4,769 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tejon Ranch by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock valued at $9,444,000 after buying an additional 4,247 shares during the period. SG Americas Securities LLC grew its stake in shares of Tejon Ranch by 29.7% in the third quarter. SG Americas Securities LLC now owns 14,586 shares of the real estate development and agribusiness company’s stock worth $256,000 after acquiring an additional 3,337 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in Tejon Ranch during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Insider Transactions at Tejon Ranch

In other Tejon Ranch news, Director Geoffrey L. Stack sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $15.60, for a total value of $39,000.00. Following the sale, the director now directly owns 67,544 shares of the company’s stock, valued at approximately $1,053,686.40. This trade represents a 3.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 25,338 shares of company stock valued at $405,928 in the last 90 days. 22.44% of the stock is currently owned by insiders.

Tejon Ranch Trading Down 0.5 %

TRC opened at $16.13 on Tuesday. The business’s 50 day moving average is $15.79 and its two-hundred day moving average is $16.83. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 52 week low of $14.70 and a 52 week high of $19.82.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The business had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.19 million. Analysts predict that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Tejon Ranch 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.