D. E. Shaw & Co. Inc. Makes New $394,000 Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

D. E. Shaw & Co. Inc. purchased a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,189 shares of the company's stock, valued at approximately $394,000.

A number of other hedge funds also recently bought and sold shares of TR. HighTower Advisors LLC grew its stake in Tootsie Roll Industries by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 45,215 shares of the company's stock worth $1,462,000 after buying an additional 377 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Tootsie Roll Industries by 5.4% in the 4th quarter. LPL Financial LLC now owns 7,859 shares of the company's stock valued at $254,000 after buying an additional 404 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Tootsie Roll Industries by 6.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,049 shares of the company's stock valued at $228,000 after buying an additional 407 shares during the period. Sei Investments Co. lifted its holdings in shares of Tootsie Roll Industries by 2.5% in the 4th quarter. Sei Investments Co. now owns 28,194 shares of the company's stock valued at $912,000 after buying an additional 695 shares during the period. Finally, American Century Companies Inc. raised its holdings in Tootsie Roll Industries by 5.8% during the fourth quarter. American Century Companies Inc. now owns 14,863 shares of the company's stock worth $481,000 after purchasing an additional 815 shares during the last quarter. Institutional investors and hedge funds own 14.28% of the company's stock.

Wall Street Analysts Forecast Growth

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

Tootsie Roll Industries Stock Down 1.0%

Shares of NYSE:TR traded down $0.36 during midday trading on Friday, reaching $35.67. The company's stock had a trading volume of 160,927 shares, compared to its average volume of 172,239. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 29.24 and a beta of 0.39. Tootsie Roll Industries, Inc. has a 1 year low of $26.78 and a 1 year high of $36.25. The business has a 50 day moving average price of $32.33 and a 200 day moving average price of $31.95.

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

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.