Tejon Ranch Co. (NYSE:TRC) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Tejon Ranch Co. (NYSE:TRC) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,470 shares of the real estate development and agribusiness company’s stock after acquiring an additional 1,486 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.73% of Tejon Ranch worth $3,413,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in Tejon Ranch by 39.2% in the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock worth $192,000 after purchasing an additional 3,170 shares in the last quarter. Oppenheimer & Close LLC raised its position in shares of Tejon Ranch by 2.1% during the 2nd quarter. Oppenheimer & Close LLC now owns 131,681 shares of the real estate development and agribusiness company’s stock valued at $2,246,000 after acquiring an additional 2,700 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Tejon Ranch by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 339,038 shares of the real estate development and agribusiness company’s stock worth $5,784,000 after purchasing an additional 6,605 shares during the last quarter. Signaturefd LLC boosted 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 during the period. Finally, Lee Danner & Bass Inc. bought a new stake in Tejon Ranch during the second quarter valued at $802,000. 60.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Geoffrey L. Stack sold 2,338 shares of Tejon Ranch stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $16.00, for a total transaction of $37,408.00. Following the sale, the director now owns 93,544 shares of the company’s stock, valued at approximately $1,496,704. The trade was a 2.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 22,838 shares of company stock worth $366,928 in the last three months. 22.44% of the stock is owned by insiders.

Tejon Ranch Trading Down 1.0 %

Tejon Ranch stock opened at $15.31 on Friday. The company has a market cap of $410.61 million, a P/E ratio of -1,531,000.00 and a beta of 0.59. Tejon Ranch Co. has a 1 year low of $14.80 and a 1 year high of $19.82. The firm’s 50-day moving average is $16.21 and its 200-day moving average is $17.09. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.46 and a current ratio of 2.84.

Tejon Ranch (NYSE:TRC) last posted its earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $10.86 million for 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 analysts expect that Tejon Ranch Co. will post -0.04 earnings per share for the current 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.