American Century Companies Inc. Has $854,000 Holdings in Tootsie Roll Industries, Inc. $TR

Key Points

• American Century Companies Inc. increased its stake in Tootsie Roll Industries by 82.6% during the 1st quarter, holding a total of 27,141 shares valued at $854,000.
• Other institutional investors, like Vanguard Group and Allspring Global Investments, also boosted their positions, indicating strong institutional interest in the company.
• Tootsie Roll Industries recently reported earnings of $0.24 EPS for the quarter, with a net margin of 12.72% and revenue of $153.19 million.

American Century Companies Inc. grew its stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 82.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,141 shares of the company's stock after purchasing an additional 12,278 shares during the period. American Century Companies Inc.'s holdings in Tootsie Roll Industries were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its stake in shares of Tootsie Roll Industries by 4.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock worth $232,000 after buying an additional 324 shares during the last quarter. CWA Asset Management Group LLC grew its position in Tootsie Roll Industries by 3.0% during the 1st quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock worth $548,000 after acquiring an additional 506 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Tootsie Roll Industries by 15.1% in the 1st quarter. Pacer Advisors Inc. now owns 6,259 shares of the company's stock worth $197,000 after purchasing an additional 822 shares in the last quarter. Swiss National Bank raised its position in Tootsie Roll Industries by 3.0% in the first quarter. Swiss National Bank now owns 29,199 shares of the company's stock valued at $919,000 after purchasing an additional 850 shares during the last quarter. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of Tootsie Roll Industries by 3.3% during the first quarter. Brown Lisle Cummings Inc. now owns 36,464 shares of the company's stock valued at $1,148,000 after purchasing an additional 1,165 shares in the last quarter. Institutional investors own 14.28% of the company's stock.

Tootsie Roll Industries Stock Performance

Shares of TR stock traded down $1.73 on Wednesday, hitting $39.47. The company had a trading volume of 285,000 shares, compared to its average volume of 150,351. Tootsie Roll Industries, Inc. has a twelve month low of $28.18 and a twelve month high of $41.56. The firm has a market cap of $2.88 billion, a P/E ratio of 31.64 and a beta of 0.46. The stock's 50-day moving average is $38.53 and its two-hundred day moving average is $34.64.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%. The business had revenue of $153.19 million during the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note 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.