Tejon Ranch Co. (NYSE:TRC) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Tejon Ranch Co. (NYSE:TRC) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 194,470 shares of the real estate development and agribusiness company’s stock after acquiring an additional 1,486 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Tejon Ranch were worth $3,413,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC raised its position in Tejon Ranch by 39.2% in the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock worth $192,000 after acquiring an additional 3,170 shares in the last quarter. Oppenheimer & Close LLC boosted its position in shares of Tejon Ranch by 2.1% during the 2nd quarter. Oppenheimer & Close LLC now owns 131,681 shares of the real estate development and agribusiness company’s stock valued at $2,246,000 after purchasing an additional 2,700 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Tejon Ranch by 2.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock worth $5,784,000 after purchasing an additional 6,605 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Tejon Ranch by 1,267.2% in the 2nd quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Tejon Ranch during the second quarter valued at approximately $802,000. Institutional investors own 60.63% of the company’s stock.

Tejon Ranch Trading Down 1.0 %

Shares of NYSE:TRC opened at $15.31 on Friday. The stock has a market capitalization of $410.61 million, a price-to-earnings ratio of -1,531,000.00 and a beta of 0.59. Tejon Ranch Co. has a 1-year low of $14.80 and a 1-year high of $19.82. The company has a 50 day moving average price of $16.21 and a 200 day moving average price of $17.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84.

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

Insider Buying and Selling

In other Tejon Ranch news, Director Geoffrey L. Stack sold 2,000 shares of Tejon Ranch 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 in the company, valued at approximately $1,572,464.80. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 22,838 shares of company stock valued at $366,928. 22.44% of the stock is owned by corporate 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.