SG Americas Securities LLC Buys 4,424 Shares of Tejon Ranch Co. (NYSE:TRC)

SG Americas Securities LLC boosted its position in shares of Tejon Ranch Co. (NYSE:TRC) by 30.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,010 shares of the real estate development and agribusiness company’s stock after purchasing an additional 4,424 shares during the period. SG Americas Securities LLC owned about 0.07% of Tejon Ranch worth $302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Tejon Ranch by 298.1% during the third 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. Accordant Advisory Group Inc grew its stake in shares of Tejon Ranch by 3.7% during the 3rd quarter. Accordant Advisory Group Inc now owns 32,358 shares of the real estate development and agribusiness company’s stock worth $568,000 after acquiring an additional 1,169 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Tejon Ranch by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock valued at $3,413,000 after purchasing an additional 1,486 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Tejon Ranch by 0.8% in the third quarter. Geode Capital Management LLC now owns 537,987 shares of the real estate development and agribusiness company’s stock worth $9,444,000 after purchasing an additional 4,247 shares in the last quarter. Institutional investors and hedge funds own 60.63% of the company’s stock.

Insiders Place Their Bets

In other news, Director Geoffrey L. Stack sold 2,500 shares of Tejon Ranch stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $15.60, for a total value of $39,000.00. Following the completion of the transaction, the director now owns 67,544 shares of the company’s stock, valued at $1,053,686.40. This trade represents a 3.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 25,338 shares of company stock valued at $405,928 in the last 90 days. 22.44% of the stock is currently owned by insiders.

Tejon Ranch Stock Performance

Shares of TRC opened at $16.39 on Wednesday. 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 Co. has a 12 month low of $14.70 and a 12 month high of $19.82. The firm has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $16.70. The stock has a market capitalization of $439.61 million, a price-to-earnings ratio of -1,639,100.00 and a beta of 0.59.

Tejon Ranch (NYSE:TRC) last announced its quarterly earnings data 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. Research analysts forecast that Tejon Ranch Co. will post -0.04 EPS for the current fiscal 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.