Marble Harbor Investment Counsel LLC Cuts Stock Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Marble Harbor Investment Counsel LLC trimmed its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 30,155 shares of the company’s stock after selling 3,502 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Tootsie Roll Industries were worth $922,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Tootsie Roll Industries during the 2nd quarter worth $33,000. Clarity Asset Management Inc. acquired a new stake in Tootsie Roll Industries in the fourth quarter worth about $55,000. Quest Partners LLC purchased a new stake in shares of Tootsie Roll Industries during the fourth quarter worth about $191,000. Commonwealth Equity Services LLC acquired a new position in shares of Tootsie Roll Industries during the second quarter valued at about $247,000. Finally, Hamel Associates Inc. purchased a new position in shares of Tootsie Roll Industries in the 2nd quarter valued at approximately $260,000. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Price Performance

NYSE TR opened at $33.15 on Monday. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 25.36 and a beta of 0.16. The stock’s fifty day moving average price is $29.85 and its 200 day moving average price is $30.23. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $35.84.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.22 earnings per share for the quarter. Tootsie Roll Industries had a return on equity of 11.54% and a net margin of 12.80%. The business had revenue of $148.82 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research report on Sunday, June 30th.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.