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

Barclays PLC boosted its holdings in Tejon Ranch Co. (NYSE:TRC) by 298.1% during the 3rd quarter, Holdings Channel reports. The firm owned 32,072 shares of the real estate development and agribusiness company’s stock after acquiring an additional 24,015 shares during the period. Barclays PLC’s holdings in Tejon Ranch were worth $563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in shares of Tejon Ranch by 2.0% during 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 period. Signaturefd LLC raised its position in Tejon Ranch by 1,267.2% in the second quarter. Signaturefd LLC now owns 2,584 shares of the real estate development and agribusiness company’s stock worth $44,000 after acquiring an additional 2,395 shares during the period. Rhumbline Advisers raised its position in Tejon Ranch by 2.3% in the second quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock worth $579,000 after acquiring an additional 770 shares during the period. American Century Companies Inc. boosted its stake in 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 last quarter. Finally, SG Americas Securities LLC grew its position in shares of Tejon Ranch by 29.7% during the 3rd 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 acquiring an additional 3,337 shares during the period. Institutional investors own 60.63% of the company’s stock.

Insider Activity at Tejon Ranch

In related 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 value of $32,800.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 22,838 shares of company stock worth $366,928. Company insiders own 22.44% of the company’s stock.

Tejon Ranch Trading Up 0.5 %

NYSE:TRC opened at $15.90 on Thursday. Tejon Ranch Co. has a 12 month low of $14.70 and a 12 month 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’s 50 day moving average is $15.92 and its 200 day moving average is $16.92. The stock has a market capitalization of $426.49 million, a PE ratio of -1,590,000.00 and a beta of 0.59.

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 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 firm had revenue of $10.86 million during the quarter, compared to the consensus estimate of $10.19 million. Sell-side analysts expect that Tejon Ranch Co. will post -0.04 earnings per share for the current year.

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.