Acuitas Investments LLC Reduces Stake in Tejon Ranch Co. (NYSE:TRC)

Acuitas Investments LLC lowered its stake in Tejon Ranch Co. (NYSE:TRC - Free Report) by 12.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,679 shares of the real estate development and agribusiness company's stock after selling 27,873 shares during the quarter. Tejon Ranch accounts for 2.7% of Acuitas Investments LLC's portfolio, making the stock its 12th largest position. Acuitas Investments LLC owned about 0.76% of Tejon Ranch worth $3,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TRC. Accordant Advisory Group Inc grew its holdings in Tejon Ranch by 3.7% during the third quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company's stock valued at $568,000 after purchasing an additional 1,169 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Tejon Ranch by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company's stock valued at $3,413,000 after acquiring an additional 1,486 shares during the period. SG Americas Securities LLC increased its holdings in Tejon Ranch by 29.7% in the 3rd 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. Geode Capital Management LLC raised its stake in Tejon Ranch by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company's stock worth $9,444,000 after acquiring an additional 4,247 shares during the period. Finally, Barclays PLC raised 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 valued at $563,000 after purchasing an additional 24,015 shares during the period. Institutional investors own 60.63% of the company's stock.

Tejon Ranch Price Performance

Shares of NYSE TRC traded down $0.03 during mid-day trading on Friday, reaching $15.98. The company's stock had a trading volume of 104,927 shares, compared to its average volume of 75,854. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. Tejon Ranch Co. has a 52 week low of $14.70 and a 52 week high of $19.82. The stock has a fifty day moving average of $15.82 and a two-hundred day moving average of $16.48. The firm has a market capitalization of $428.45 million, a PE ratio of -1,597,500.00 and a beta of 0.59.

Insiders Place Their Bets

In related news, Director Geoffrey L. Stack sold 2,500 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $15.60, for a total value of $39,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 15,000 shares of company stock worth $241,100 in the last three months. 22.44% of the stock is owned by company insiders.

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.