Tejon Ranch Co. (NYSE:TRC) Director Geoffrey L. Stack Sells 2,338 Shares

Tejon Ranch Co. (NYSE:TRC - Get Free Report) Director Geoffrey L. Stack sold 2,338 shares of Tejon Ranch stock in a transaction on Friday, November 15th. The shares were sold at an average price of $16.00, for a total value of $37,408.00. Following the transaction, the director now owns 93,544 shares in the company, valued at $1,496,704. This trade represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Tejon Ranch Price Performance

Tejon Ranch stock traded up $0.04 during mid-day trading on Friday, hitting $16.04. The stock had a trading volume of 68,819 shares, compared to its average volume of 89,452. Tejon Ranch Co. has a one year low of $14.80 and a one year high of $19.82. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $430.19 million, a P/E ratio of -1,604,000.00 and a beta of 0.59. The firm's 50 day moving average is $16.94 and its 200 day moving average is $17.25.

Tejon Ranch (NYSE:TRC - Get Free Report) last released 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). 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 the consensus estimate of $10.19 million. On average, sell-side analysts forecast that Tejon Ranch Co. will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tejon Ranch

A number of institutional investors have recently added to or reduced their stakes in TRC. Geode Capital Management LLC lifted its position in shares of Tejon Ranch by 0.8% in the third 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 buying an additional 4,247 shares in the last quarter. Barclays PLC lifted its position in Tejon Ranch by 298.1% during the third 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Tejon Ranch by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company's stock worth $3,413,000 after buying an additional 1,486 shares in the last quarter. Accordant Advisory Group Inc increased its holdings in shares of Tejon Ranch by 3.7% in the 3rd quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company's stock worth $568,000 after buying an additional 1,169 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Tejon Ranch during the 3rd quarter valued at about $42,000. 60.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Tejon Ranch to a "sell" rating in a research note 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.