Foresters Investment Management Company Inc. boosted its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,348 shares of the company’s stock after purchasing an additional 7,200 shares during the quarter. Foresters Investment Management Company Inc. owned approximately 0.41% of Tootsie Roll Industries worth $9,836,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Tootsie Roll Industries by 237.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 266,611 shares of the company’s stock valued at $9,844,000 after buying an additional 187,626 shares in the last quarter. Aperio Group LLC grew its position in shares of Tootsie Roll Industries by 19.5% in the 2nd quarter. Aperio Group LLC now owns 493,562 shares of the company’s stock worth $18,227,000 after buying an additional 80,672 shares during the last quarter. First Trust Advisors LP grew its position in shares of Tootsie Roll Industries by 143.8% in the 2nd quarter. First Trust Advisors LP now owns 119,844 shares of the company’s stock worth $4,426,000 after buying an additional 70,695 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Tootsie Roll Industries in the 2nd quarter worth approximately $1,711,000. Finally, Royce & Associates LP grew its position in shares of Tootsie Roll Industries by 4.1% in the 1st quarter. Royce & Associates LP now owns 849,906 shares of the company’s stock worth $31,650,000 after buying an additional 33,265 shares during the last quarter. Institutional investors and hedge funds own 24.57% of the company’s stock.
Shares of NYSE TR traded up $0.31 during mid-day trading on Friday, hitting $37.99. 715 shares of the stock traded hands, compared to its average volume of 105,141. Tootsie Roll Industries, Inc. has a 52 week low of $28.08 and a 52 week high of $40.82. The stock has a fifty day moving average price of $36.92 and a 200-day moving average price of $37.76. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 31.28 and a beta of 0.28.
Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.18 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 7.88% and a net margin of 11.38%. The firm had revenue of $106.02 million during the quarter.
Separately, TheStreet lowered Tootsie Roll Industries from a “b” rating to a “c+” rating in a research report on Friday, May 17th.
About Tootsie Roll Industries
Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the Tootsie Roll, Tootsie Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, Nik-L-Nip, and Tutsi Pop trademarks.
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