Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 5,000 Shares

Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack sold 5,000 shares of Tejon Ranch 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 completion of the transaction, the director now owns 82,544 shares of the company’s stock, valued at $1,341,340. This trade represents a 5.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Tejon Ranch Stock Performance

TRC stock traded up $0.76 during mid-day trading on Monday, reaching $16.58. The company had a trading volume of 241,263 shares, compared to its average volume of 74,613. Tejon Ranch Co. has a one year low of $14.80 and a one year high of $19.82. The stock has a market capitalization of $444.68 million, a P/E ratio of -1,582,000.00 and a beta of 0.59. 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’s 50-day simple moving average is $16.76 and its two-hundred day simple moving average is $17.24.

Tejon Ranch (NYSE:TRC) last posted its 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). 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%. Research analysts anticipate that Tejon Ranch Co. will post 0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TRC. Quent Capital LLC acquired a new position in shares of Tejon Ranch during the third quarter valued at $42,000. Signaturefd LLC increased its stake 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 valued at $44,000 after buying an additional 2,395 shares during the period. SG Americas Securities LLC increased its stake in Tejon Ranch by 39.2% during 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. CANADA LIFE ASSURANCE Co lifted its stake in shares of 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 worth $246,000 after acquiring an additional 14,655 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Tejon Ranch in the first quarter valued at approximately $344,000. Institutional investors and hedge funds own 60.63% of the company’s stock.

Analyst Ratings Changes

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.