Tejon Ranch Co (NYSE:TRC) Director Daniel R. Tisch acquired 1,096,169 shares of the stock in a transaction dated Friday, October 27th. The stock was bought at an average price of $18.00 per share, for a total transaction of $19,731,042.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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A number of institutional investors and hedge funds have recently bought and sold shares of TRC. Moloney Securities Asset Management LLC raised its stake in Tejon Ranch by 299.5% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 43,950 shares of the real estate development and agribusiness company’s stock valued at $907,000 after acquiring an additional 32,950 shares during the period. Lee Danner & Bass Inc. raised its stake in Tejon Ranch by 16.7% in the 2nd quarter. Lee Danner & Bass Inc. now owns 14,000 shares of the real estate development and agribusiness company’s stock valued at $289,000 after acquiring an additional 2,000 shares during the period. Reik & CO. LLC raised its stake in Tejon Ranch by 3.4% in the 2nd quarter. Reik & CO. LLC now owns 147,976 shares of the real estate development and agribusiness company’s stock valued at $3,055,000 after acquiring an additional 4,928 shares during the period. First Manhattan Co. raised its stake in Tejon Ranch by 499.5% in the 2nd quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock valued at $123,000 after acquiring an additional 5,000 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Tejon Ranch by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 53,653 shares of the real estate development and agribusiness company’s stock valued at $1,108,000 after acquiring an additional 342 shares during the period. Institutional investors and hedge funds own 73.46% of the company’s stock.

Separately, BidaskClub downgraded shares of Tejon Ranch from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th.

About Tejon Ranch

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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