American Century Companies Inc. Buys 12,278 Shares of 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. boosted its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 82.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,141 shares of the company's stock after buying 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 large investors have also recently bought and sold shares of the company. Deutsche Bank AG acquired a new position in Tootsie Roll Industries during the fourth quarter valued at $52,000. Evermay Wealth Management LLC purchased a new position in Tootsie Roll Industries in the first quarter valued at about $58,000. Pacer Advisors Inc. grew its stake in Tootsie Roll Industries by 15.1% in the first quarter. Pacer Advisors Inc. now owns 6,259 shares of the company's stock valued at $197,000 after purchasing an additional 822 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Tootsie Roll Industries in the fourth quarter valued at about $217,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Tootsie Roll Industries by 4.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company's stock valued at $232,000 after purchasing an additional 324 shares in the last quarter. 14.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 Trading Up 1.0%

NYSE TR traded up $0.41 on Friday, reaching $40.83. The stock had a trading volume of 157,344 shares, compared to its average volume of 145,787. The business has a 50 day moving average price of $38.16 and a 200 day moving average price of $34.47. Tootsie Roll Industries, Inc. has a 1 year low of $28.18 and a 1 year high of $41.27. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 32.73 and a beta of 0.46.

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

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.