Man Group plc acquired a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 12,044 shares of the company's stock, valued at approximately $389,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Byrne Asset Management LLC bought a new stake in Tootsie Roll Industries in the fourth quarter worth $27,000. Deutsche Bank AG bought a new position in Tootsie Roll Industries in the fourth quarter valued at about $52,000. KLP Kapitalforvaltning AS bought a new position in Tootsie Roll Industries in the fourth quarter valued at about $82,000. Pacer Advisors Inc. bought a new position in Tootsie Roll Industries in the fourth quarter valued at about $176,000. Finally, Yousif Capital Management LLC purchased a new stake in Tootsie Roll Industries in the fourth quarter worth about $200,000. Institutional investors own 14.28% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.
Check Out Our Latest Report on TR
Tootsie Roll Industries Price Performance
Shares of Tootsie Roll Industries stock traded down $0.36 on Friday, reaching $35.67. The company had a trading volume of 160,927 shares, compared to its average volume of 172,129. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 29.24 and a beta of 0.39. The firm's 50-day moving average price is $32.33 and its two-hundred day moving average price is $31.95. Tootsie Roll Industries, Inc. has a 1 year low of $26.78 and a 1 year high of $36.25.
Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 10.23% and a net margin of 12.14%. The firm had revenue of $146.52 million during the quarter.
About Tootsie Roll Industries
(
Free Report)
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.
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