Barclays PLC Purchases 24,015 Shares of Tejon Ranch Co. (NYSE:TRC)

Barclays PLC grew its position in shares of Tejon Ranch Co. (NYSE:TRC - Free Report) by 298.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 32,072 shares of the real estate development and agribusiness company's stock after acquiring an additional 24,015 shares during the quarter. Barclays PLC owned about 0.12% of Tejon Ranch worth $563,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in Tejon Ranch during the third quarter worth $42,000. SG Americas Securities LLC lifted its holdings in shares of 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 during the last quarter. American Century Companies Inc. boosted its stake in shares of Tejon Ranch by 17.4% during the 2nd quarter. American Century Companies Inc. now owns 32,226 shares of the real estate development and agribusiness company's stock worth $550,000 after purchasing an additional 4,769 shares during the period. Accordant Advisory Group Inc grew its holdings in Tejon Ranch by 3.7% during the 3rd 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 last quarter. Finally, Rhumbline Advisers raised its position in Tejon Ranch by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company's stock worth $579,000 after purchasing an additional 770 shares during the period. 60.63% of the stock is currently owned by institutional investors.

Tejon Ranch Trading Down 0.5 %

Shares of TRC traded down $0.07 during mid-day trading on Friday, reaching $16.13. 63,531 shares of the company's stock traded hands, compared to its average volume of 95,378. Tejon Ranch Co. has a 12 month low of $14.70 and a 12 month high of $19.82. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The stock has a market cap of $432.50 million, a P/E ratio of -1,612,600.00 and a beta of 0.59. The stock's 50-day moving average is $15.81 and its two-hundred day moving average is $16.84.

Tejon Ranch (NYSE:TRC - Get Free Report) last released its earnings results 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). Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. The business had revenue of $10.86 million during the quarter, compared to analysts' expectations of $10.19 million. Research analysts forecast that Tejon Ranch Co. will post -0.04 earnings per share for the current fiscal year.

Insider Activity at Tejon Ranch

In other news, Director Geoffrey L. Stack sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $16.40, for a total transaction of $32,800.00. Following the transaction, the director now directly owns 95,882 shares of the company's stock, valued at approximately $1,572,464.80. This trade represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 25,338 shares of company stock worth $405,928 in the last 90 days. 22.44% of the stock is owned by corporate insiders.

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.