Towerview Llc Buys 2,426 Shares of Tejon Ranch (NYSE:TRC) Stock

Tejon Ranch (NYSE:TRC) Director Towerview Llc acquired 2,426 shares of Tejon Ranch stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $16.05 per share, with a total value of $38,937.30. Following the completion of the purchase, the director now owns 3,692,426 shares in the company, valued at $59,263,437.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Towerview Llc also recently made the following trade(s):

  • On Monday, June 3rd, Towerview Llc purchased 4,900 shares of Tejon Ranch stock. The stock was purchased at an average price of $16.10 per share, for a total transaction of $78,890.00.
  • On Friday, May 31st, Towerview Llc purchased 6,508 shares of Tejon Ranch stock. The stock was purchased at an average price of $16.16 per share, for a total transaction of $105,169.28.
  • On Wednesday, May 29th, Towerview Llc purchased 1,000 shares of Tejon Ranch stock. The stock was purchased at an average price of $16.20 per share, for a total transaction of $16,200.00.
  • On Thursday, May 23rd, Towerview Llc purchased 4,933 shares of Tejon Ranch stock. The stock was purchased at an average price of $16.20 per share, for a total transaction of $79,914.60.

Shares of TRC traded up $0.92 on Monday, reaching $17.51. The stock had a trading volume of 106,800 shares, compared to its average volume of 58,434. The stock has a market cap of $430.51 million, a price-to-earnings ratio of 165.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 5.46 and a quick ratio of 5.13. The company’s 50-day moving average is $16.61. Tejon Ranch has a twelve month low of $16.04 and a twelve month high of $24.57.

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in Tejon Ranch by 1.3% during the 4th quarter. Bank of New York Mellon Corp now owns 340,523 shares of the real estate development and agribusiness company’s stock valued at $5,646,000 after buying an additional 4,218 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Tejon Ranch by 10.1% during the third quarter. Vanguard Group Inc. now owns 2,830,582 shares of the real estate development and agribusiness company’s stock worth $61,452,000 after purchasing an additional 260,660 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tejon Ranch by 36.4% during the fourth quarter. Geode Capital Management LLC now owns 239,932 shares of the real estate development and agribusiness company’s stock worth $3,978,000 after purchasing an additional 64,087 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Tejon Ranch during the fourth quarter worth $582,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in shares of Tejon Ranch by 305.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,406 shares of the real estate development and agribusiness company’s stock worth $106,000 after purchasing an additional 4,826 shares during the last quarter. Hedge funds and other institutional investors own 70.62% of the company’s stock.

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.

Further Reading: Blue-Chip Stocks

Receive News & Ratings for Tejon Ranch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tejon Ranch and related companies with MarketBeat.com's FREE daily email newsletter.