Tejon Ranch Co (TRC) Insider Dennis Atkinson Sells 3,000 Shares
Tejon Ranch Co (NYSE:TRC) insider Dennis Atkinson sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $19.83, for a total transaction of $59,490.00. Following the completion of the sale, the insider now owns 46,266 shares of the company’s stock, valued at approximately $917,454.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Tejon Ranch Co (NYSE:TRC) traded up 0.35% during midday trading on Thursday, hitting $19.95. 21,077 shares of the stock traded hands. The firm’s market cap is $416.26 million. Tejon Ranch Co has a 12-month low of $19.71 and a 12-month high of $27.99. The company’s 50-day moving average is $20.66 and its 200 day moving average is $21.65.
TRADEMARK VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2017/08/31/tejon-ranch-co-trc-insider-dennis-atkinson-sells-3000-shares.html.
Separately, BidaskClub lowered shares of Tejon Ranch from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.
A number of hedge funds have recently modified their holdings of TRC. First Manhattan Co. boosted its stake in shares of Tejon Ranch by 499.5% in the second quarter. First Manhattan Co. now owns 6,001 shares of the financial services provider’s stock valued at $123,000 after buying an additional 5,000 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Tejon Ranch by 19.1% in the second quarter. JPMorgan Chase & Co. now owns 8,965 shares of the financial services provider’s stock valued at $185,000 after buying an additional 1,436 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Tejon Ranch by 5.6% in the second quarter. Nationwide Fund Advisors now owns 9,662 shares of the financial services provider’s stock valued at $199,000 after buying an additional 516 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Tejon Ranch by 2.0% in the second quarter. Wells Fargo & Company MN now owns 9,777 shares of the financial services provider’s stock valued at $201,000 after buying an additional 189 shares during the period. Finally, PDT Partners LLC purchased a new stake in shares of Tejon Ranch during the second quarter valued at $222,000. 73.51% of the stock is currently owned by hedge funds and other institutional investors.
Tejon Ranch Company Profile
Tejon Ranch Co is a diversified real estate development and agribusiness company. The Company operates through five segments: Real Estate-Commercial/Industrial; Real Estate-Resort/Residential; Mineral Resources; Farming Operations, and Ranch Operations. Its Real Estate-Commercial/Industrial segment is engaged in building, land lease activities, and land and building sales.
Receive News & Stock Ratings for Tejon Ranch Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tejon Ranch Co and related stocks with our FREE daily email newsletter.