Tejon Ranch (NYSE:TRC) Director Towerview Llc bought 4,351 shares of the business’s stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of $13.82 per share, with a total value of $60,130.82. Following the purchase, the director now owns 3,734,351 shares of the company’s stock, valued at $51,608,730.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Towerview Llc also recently made the following trade(s):
- On Wednesday, June 24th, Towerview Llc bought 28,272 shares of Tejon Ranch stock. The stock was purchased at an average cost of $13.94 per share, with a total value of $394,111.68.
- On Thursday, May 14th, Towerview Llc bought 1,718 shares of Tejon Ranch stock. The stock was purchased at an average cost of $12.60 per share, with a total value of $21,646.80.
Shares of TRC opened at $14.40 on Wednesday. The firm has a market cap of $363.68 million, a P/E ratio of 38.92 and a beta of 0.71. The stock has a 50 day simple moving average of $14.20 and a two-hundred day simple moving average of $14.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.93 and a quick ratio of 4.57. Tejon Ranch has a 1 year low of $12.12 and a 1 year high of $18.89.
Tejon Ranch (NYSE:TRC) last issued its earnings results on Monday, May 4th. The real estate development and agribusiness company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $10.31 million during the quarter. Tejon Ranch had a return on equity of 2.23% and a net margin of 19.89%.
Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of Tejon Ranch by 421.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 113,526 shares of the real estate development and agribusiness company’s stock valued at $1,814,000 after purchasing an additional 91,760 shares during the period. Panagora Asset Management Inc. purchased a new stake in Tejon Ranch in the fourth quarter worth $121,000. Geode Capital Management LLC lifted its stake in Tejon Ranch by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 261,553 shares of the real estate development and agribusiness company’s stock worth $4,179,000 after acquiring an additional 13,384 shares during the period. CIBC World Markets Inc. lifted its stake in Tejon Ranch by 299.2% in the first quarter. CIBC World Markets Inc. now owns 104,570 shares of the real estate development and agribusiness company’s stock worth $1,470,000 after acquiring an additional 78,375 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Tejon Ranch by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 125,002 shares of the real estate development and agribusiness company’s stock worth $1,998,000 after acquiring an additional 1,422 shares during the period. 68.12% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine lowered Tejon Ranch from a “buy” rating to a “hold” rating in a research note on Friday, March 13th.
Tejon Ranch Company Profile
Tejon Ranch Co 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 entitling, planning, and permitting of land for development; construction of infrastructure; construction of pre-leased buildings, and buildings to be leased or sold; and sale of land to third parties for their own development.
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