Tejon Ranch Co. (NYSE:TRC) Position Lessened by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Tejon Ranch Co. (NYSE:TRC) by 63.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,641 shares of the real estate development and agribusiness company’s stock after selling 18,731 shares during the quarter. Jane Street Group LLC’s holdings in Tejon Ranch were worth $187,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in TRC. Quent Capital LLC acquired a new position in shares of Tejon Ranch during the third quarter valued at $42,000. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 3,337 shares during the period. American Century Companies Inc. grew its position in Tejon Ranch by 17.4% in 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 purchasing an additional 4,769 shares during the last quarter. Accordant Advisory Group Inc increased its stake in shares of 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 purchasing an additional 1,169 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Tejon Ranch by 2.3% during the second quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock valued at $579,000 after buying an additional 770 shares during the last quarter. 60.63% of the stock is owned by institutional investors and hedge funds.

Tejon Ranch Stock Performance

Shares of NYSE TRC opened at $15.24 on Monday. Tejon Ranch Co. has a 12-month low of $14.70 and a 12-month high of $19.82. The company has a market cap of $408.78 million, a PE ratio of -1,524,000.00 and a beta of 0.59. The stock has a 50 day simple moving average of $15.89 and a 200-day simple moving average of $16.88. The company has a current ratio of 2.84, a quick ratio of 2.46 and a debt-to-equity ratio of 0.12.

Tejon Ranch (NYSE:TRC) last announced its quarterly 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 business had revenue of $10.86 million for 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, equities research analysts forecast that Tejon Ranch Co. will post -0.04 EPS for the current year.

Insider Buying and Selling

In other news, Director Geoffrey L. Stack sold 6,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $15.77, for a total value of $94,620.00. Following the completion of the sale, the director now owns 87,544 shares in the company, valued at $1,380,568.88. This represents a 6.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 25,338 shares of company stock valued at $405,928 over the last 90 days. 22.44% of the stock is currently owned by company insiders.

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.