Barclays PLC Has $563,000 Stock Position in Tejon Ranch Co. (NYSE:TRC)

Barclays PLC increased its position in Tejon Ranch Co. (NYSE:TRC) by 298.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,072 shares of the real estate development and agribusiness company’s stock after buying an additional 24,015 shares during the period. Barclays PLC owned 0.12% of Tejon Ranch worth $563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in Tejon Ranch by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock valued at $5,784,000 after acquiring an additional 6,605 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Tejon Ranch by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 194,470 shares of the real estate development and agribusiness company’s stock worth $3,413,000 after purchasing an additional 1,486 shares in the last quarter. Rhumbline Advisers grew its position in Tejon Ranch by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 33,924 shares of the real estate development and agribusiness company’s stock valued at $579,000 after purchasing an additional 770 shares during the period. Accordant Advisory Group Inc increased its stake in 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 valued at $568,000 after purchasing an additional 1,169 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Tejon Ranch by 17.4% during the second 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 last quarter. 60.63% of the stock is owned by institutional investors.

Insider Activity at Tejon Ranch

In other news, Director Geoffrey L. Stack sold 6,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 22,838 shares of company stock valued at $366,928 over the last 90 days. Insiders own 22.44% of the company’s stock.

Tejon Ranch Stock Up 0.5 %

Shares of NYSE TRC opened at $15.90 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.46. The company has a 50-day moving average price of $15.92 and a 200-day moving average price of $16.92. The stock 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 Co. has a 1 year low of $14.70 and a 1 year high of $19.82.

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 for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The business had revenue of $10.86 million during the quarter, compared to the consensus estimate of $10.19 million. Tejon Ranch had a negative net margin of 0.57% and a negative return on equity of 0.05%. On average, equities 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.