Man Group plc Buys Shares of 12,044 Tootsie Roll Industries, Inc. (NYSE:TR)

Man Group plc acquired a new position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,044 shares of the company's stock, valued at approximately $389,000.

Other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC purchased a new stake in Tootsie Roll Industries during the fourth quarter valued at about $27,000. Deutsche Bank AG acquired a new position in Tootsie Roll Industries in the fourth quarter worth approximately $52,000. KLP Kapitalforvaltning AS acquired a new position in Tootsie Roll Industries in the fourth quarter worth approximately $82,000. Pacer Advisors Inc. acquired a new position in Tootsie Roll Industries in the fourth quarter worth approximately $176,000. Finally, Yousif Capital Management LLC acquired a new position in Tootsie Roll Industries during the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Stock Down 1.0%

TR stock traded down $0.36 during midday trading on Friday, hitting $35.67. 160,927 shares of the company traded hands, compared to its average volume of 172,239. The business has a 50 day simple moving average of $32.33 and a 200-day simple moving average of $31.95. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 29.24 and a beta of 0.39. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $36.25.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $146.52 million for the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a report on Friday, May 16th.

Tootsie Roll Industries Company Profile

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.