Geode Capital Management LLC Purchases 4,247 Shares of Tejon Ranch Co. (NYSE:TRC)

Geode Capital Management LLC raised its position in shares of Tejon Ranch Co. (NYSE:TRC) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 537,987 shares of the real estate development and agribusiness company’s stock after acquiring an additional 4,247 shares during the quarter. Geode Capital Management LLC owned about 2.01% of Tejon Ranch worth $9,444,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Quent Capital LLC acquired a new position in shares of Tejon Ranch in the 3rd quarter valued at about $42,000. Signaturefd LLC increased its holdings 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 purchasing an additional 2,395 shares in the last quarter. SG Americas Securities LLC lifted its stake in 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 buying an additional 3,337 shares during the period. Barclays PLC boosted its holdings in shares of Tejon Ranch by 298.1% during 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 in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Tejon Ranch by 17.4% during the 2nd quarter. American Century Companies Inc. now owns 32,226 shares of the real estate development and agribusiness company’s stock worth $550,000 after buying an additional 4,769 shares during the period. 60.63% of the stock is currently owned by institutional investors and hedge funds.

Tejon Ranch Stock Performance

NYSE:TRC opened at $15.90 on Thursday. 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 twelve month low of $14.70 and a twelve month high of $19.82. The company has a fifty day moving average of $15.92 and a 200-day moving average of $16.92. The firm has a market capitalization of $426.49 million, a P/E ratio of -1,590,000.00 and a beta of 0.59.

Tejon Ranch (NYSE:TRC) last posted its quarterly earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) earnings per share 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 company had revenue of $10.86 million during the quarter, compared to the consensus estimate of $10.19 million. As a group, sell-side analysts anticipate that Tejon Ranch Co. will post -0.04 EPS for the current year.

Insider Activity at Tejon Ranch

In related news, Director Geoffrey L. Stack sold 2,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $16.40, for a total value of $32,800.00. Following the transaction, the director now directly owns 95,882 shares in the company, valued at $1,572,464.80. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 22,838 shares of company stock valued at $366,928 in the last three months. Corporate insiders own 22.44% of the company’s stock.

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.