Horizon Kinetics Asset Management LLC Decreases Holdings in Tejon Ranch Co. (NYSE:TRC)

Horizon Kinetics Asset Management LLC reduced its position in Tejon Ranch Co. (NYSE:TRC) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 899,106 shares of the real estate development and agribusiness company’s stock after selling 9,838 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 3.35% of Tejon Ranch worth $15,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Quent Capital LLC purchased a new position in Tejon Ranch in the third quarter worth about $42,000. Signaturefd LLC boosted its holdings in shares of 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 buying an additional 2,395 shares during the last quarter. SG Americas Securities LLC grew its position in Tejon Ranch by 39.2% during the second quarter. SG Americas Securities LLC now owns 11,249 shares of the real estate development and agribusiness company’s stock valued at $192,000 after buying an additional 3,170 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Tejon Ranch by 1,141.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 15,939 shares of the real estate development and agribusiness company’s stock valued at $246,000 after buying an additional 14,655 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Tejon Ranch during the first quarter valued at approximately $344,000. Institutional investors own 60.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Tejon Ranch to a “sell” rating in a research report on Wednesday, August 7th.

Tejon Ranch Trading Up 1.2 %

NYSE TRC opened at $15.82 on Monday. Tejon Ranch Co. has a 52 week low of $14.80 and a 52 week high of $19.82. The company has a quick ratio of 2.46, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $16.76 and its 200-day moving average price is $17.24.

Tejon Ranch (NYSE:TRC) last released its earnings results on Thursday, November 7th. The real estate development and agribusiness company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $10.86 million for the quarter, compared to the consensus estimate of $10.19 million. Tejon Ranch had a negative return on equity of 0.05% and a negative net margin of 0.57%. Equities research analysts predict that Tejon Ranch Co. will post 0.02 EPS for the current year.

Insider Activity

In related news, Director Geoffrey L. Stack sold 2,000 shares of Tejon Ranch stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $16.40, for a total transaction of $32,800.00. Following the sale, the director now owns 95,882 shares of the company’s stock, valued at approximately $1,572,464.80. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 10,338 shares of company stock worth $164,828 in the last three months. Company insiders own 22.44% of the company’s stock.

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.