State Street Corp Reduces Stock Holdings in Tejon Ranch Co. (NYSE:TRC)

State Street Corp cut its holdings in Tejon Ranch Co. (NYSE:TRC) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 479,659 shares of the real estate development and agribusiness company’s stock after selling 16,322 shares during the quarter. State Street Corp’s holdings in Tejon Ranch were worth $8,418,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quent Capital LLC purchased a new stake in shares of Tejon Ranch during the third quarter valued at $42,000. Signaturefd LLC grew 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 purchasing an additional 2,395 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Tejon Ranch by 29.7% in the third quarter. SG Americas Securities LLC now owns 14,586 shares of the real estate development and agribusiness company’s stock valued at $256,000 after purchasing an additional 3,337 shares during the period. American Century Companies Inc. raised its stake in shares of Tejon Ranch by 17.4% in the second 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 last quarter. Finally, Accordant Advisory Group Inc lifted its holdings in shares of 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 worth $568,000 after purchasing an additional 1,169 shares during the period. Institutional investors and hedge funds own 60.63% of the company’s stock.

Tejon Ranch Price Performance

Shares of NYSE TRC opened at $15.68 on Friday. Tejon Ranch Co. has a 52 week low of $14.70 and a 52 week high of $19.82. 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 firm has a market cap of $420.58 million, a P/E ratio of -1,568,000.00 and a beta of 0.59. The business’s 50 day moving average price is $15.94 and its 200 day moving average price is $16.94.

Tejon Ranch (NYSE:TRC) last released its quarterly earnings data 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). Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. The business had revenue of $10.86 million during the quarter, compared to analysts’ expectations of $10.19 million. On average, sell-side analysts expect that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

Insider Buying and Selling at Tejon Ranch

In other news, Director Geoffrey L. Stack sold 2,338 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $16.00, for a total value of $37,408.00. Following the completion of the transaction, the director now owns 93,544 shares of the company’s stock, valued at $1,496,704. The trade was a 2.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 22,838 shares of company stock valued at $366,928. 22.44% of the stock is owned by 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.