D. E. Shaw & Co. Inc. Makes New Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

D. E. Shaw & Co. Inc. acquired a new position in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,189 shares of the company's stock, valued at approximately $394,000.

A number of other institutional investors have also made changes to their positions in the business. Byrne Asset Management LLC bought a new stake in Tootsie Roll Industries during the fourth quarter worth $27,000. KLP Kapitalforvaltning AS bought a new stake in Tootsie Roll Industries during the fourth quarter worth $82,000. Pacer Advisors Inc. bought a new stake in Tootsie Roll Industries during the fourth quarter worth $176,000. Yousif Capital Management LLC bought a new stake in Tootsie Roll Industries during the fourth quarter worth $200,000. Finally, Corient Private Wealth LLC bought a new stake in Tootsie Roll Industries during the fourth quarter worth $208,000. Institutional investors own 14.28% of the company's stock.

Analyst Ratings Changes

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

Tootsie Roll Industries Price Performance

NYSE TR traded down $0.38 on Friday, hitting $35.65. 77,124 shares of the stock were exchanged, compared to its average volume of 171,451. Tootsie Roll Industries, Inc. has a 52 week low of $26.78 and a 52 week high of $36.23. The company has a market capitalization of $2.60 billion, a PE ratio of 29.20 and a beta of 0.39. The business's fifty day moving average is $32.23 and its 200 day moving average is $31.93.

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

Tootsie Roll Industries 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.