64,330 Shares in Tootsie Roll Industries, Inc. $TR Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC acquired 64,330 shares of Tootsie Roll Industries in the second quarter, worth approximately $2.54 million and representing 0.09% of the company.
• Other institutional investors also increased their exposure, including California State Teachers Retirement System, which expanded its position by 3,834.4%. Institutional investors and hedge funds collectively own 14.28% of Tootsie Roll.
• Tootsie Roll reported quarterly revenue of $154.22 million and earnings of $0.18 per share. Despite shares trading near $38.86, Weiss Ratings upgraded the stock to “buy,” matching the current analyst consensus.

Squarepoint Ops LLC purchased a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 64,330 shares of the company's stock, valued at approximately $2,544,000. Squarepoint Ops LLC owned about 0.09% of Tootsie Roll Industries at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TR. California State Teachers Retirement System raised its position in Tootsie Roll Industries by 3,834.4% in the 2nd quarter. California State Teachers Retirement System now owns 687,933 shares of the company's stock valued at $27,208,000 after purchasing an additional 670,448 shares during the last quarter. AXQ Capital LP acquired a new stake in Tootsie Roll Industries during the 2nd quarter worth $502,000. Empowered Funds LLC purchased a new position in Tootsie Roll Industries during the 2nd quarter worth $214,000. Bank of America Corp DE purchased a new position in Tootsie Roll Industries during the 2nd quarter worth $3,522,000. Finally, Jupiter Topco LLC acquired a new position in Tootsie Roll Industries in the second quarter valued at $319,000. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Price Performance

Shares of TR stock opened at $38.86 on Monday. The business's fifty day moving average price is $39.50 and its 200 day moving average price is $40.38. The firm has a market capitalization of $2.92 billion, a PE ratio of 30.26 and a beta of 0.41. Tootsie Roll Industries, Inc. has a 1-year low of $34.44 and a 1-year high of $45.06.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%. The company had revenue of $154.22 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Tootsie Roll Industries from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a confectionery company that manufactures and sells candy products in the United States and internationally. Founded in 1896 by Leo Hirschfield, the company is headquartered in Chicago, Illinois, and has built a portfolio of widely recognized brands sold through retail, grocery, convenience, and other distribution channels.

Its products include Tootsie Rolls and Tootsie Pops, along with Dubble Bubble, Charms, Junior Mints, DOTS, Sugar Babies, Sugar Daddy, Charleston Chew, Andes, and Cella's.

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