Tejon Ranch (NYSE:TRC) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Friday.

Separately, BidaskClub cut Tejon Ranch from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th.

Shares of Tejon Ranch (TRC) traded down $0.26 during mid-day trading on Friday, reaching $22.18. The company had a trading volume of 89,733 shares, compared to its average volume of 68,214. Tejon Ranch has a 1-year low of $18.59 and a 1-year high of $27.99. The company has a current ratio of 1.31, a quick ratio of 1.13 and a debt-to-equity ratio of 0.20.

In other Tejon Ranch news, CEO Gregory S. Bielli purchased 5,600 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $18.00 per share, with a total value of $100,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dennis Atkinson sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $19.83, for a total value of $59,490.00. Following the completion of the transaction, the insider now directly owns 46,266 shares in the company, valued at $917,454.78. The disclosure for this sale can be found here. Insiders purchased 1,113,601 shares of company stock worth $20,044,818 over the last quarter. 29.40% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. First Manhattan Co. lifted its stake in Tejon Ranch by 499.5% in the second quarter. First Manhattan Co. now owns 6,001 shares of the real estate development and agribusiness company’s stock valued at $123,000 after buying an additional 5,000 shares during the period. Stelac Advisory Services LLC acquired a new position in Tejon Ranch in the third quarter valued at approximately $124,000. SG Americas Securities LLC acquired a new position in Tejon Ranch in the third quarter valued at approximately $167,000. JPMorgan Chase & Co. lifted its stake in Tejon Ranch by 19.1% in the second quarter. JPMorgan Chase & Co. now owns 8,965 shares of the real estate development and agribusiness company’s stock valued at $185,000 after buying an additional 1,436 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of Tejon Ranch by 5.6% during the second quarter. Nationwide Fund Advisors now owns 9,662 shares of the real estate development and agribusiness company’s stock worth $199,000 after purchasing an additional 516 shares during the period. 60.54% of the stock is currently owned by hedge funds and other institutional investors.

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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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