Assenagon Asset Management S.A. Decreases Holdings in Tejon Ranch Co. (NYSE:TRC)

Assenagon Asset Management S.A. trimmed its holdings in shares of Tejon Ranch Co. (NYSE:TRC) by 18.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,099 shares of the real estate development and agribusiness company’s stock after selling 2,762 shares during the period. Assenagon Asset Management S.A.’s holdings in Tejon Ranch were worth $192,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quent Capital LLC purchased a new position in shares of Tejon Ranch in the third quarter worth $42,000. SG Americas Securities LLC grew 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 during the last quarter. American Century Companies Inc. increased its position 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 valued at $550,000 after acquiring an additional 4,769 shares during the period. Barclays PLC grew its position in shares of Tejon Ranch by 298.1% in the 3rd quarter. Barclays PLC now owns 32,072 shares of the real estate development and agribusiness company’s stock worth $563,000 after buying an additional 24,015 shares during the last quarter. Finally, Accordant Advisory Group Inc boosted its holdings in Tejon Ranch by 3.7% in 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 acquiring an additional 1,169 shares in the last quarter. Hedge funds and other institutional investors own 60.63% of the company’s stock.

Insider Activity

In other news, Director Geoffrey L. Stack sold 2,338 shares of the company’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. This represents a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold 25,338 shares of company stock valued at $405,928 in the last quarter. 22.44% of the stock is currently owned by insiders.

Tejon Ranch Trading Up 0.3 %

TRC opened at $15.68 on Friday. The business has a 50 day moving average of $15.76 and a 200-day moving average of $16.81. The stock has a market cap of $420.62 million, a PE ratio of -1,568,300.00 and a beta of 0.59. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. Tejon Ranch Co. has a 52 week low of $14.70 and a 52 week high of $19.82.

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

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.