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.

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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.

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