Dynamic Technology Lab Private Ltd Makes New Investment in Tootsie Roll Industries, Inc. $TR

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Tootsie Roll Industries, purchasing 27,186 shares valued at approximately $856,000.
• Institutional ownership in Tootsie Roll Industries is at 14.28%, with other significant investors like Vanguard Group and Allspring Global Investments increasing their stakes in the company.
• Tootsie Roll Industries recently received a rating downgrade from "buy" to "hold" from Wall Street Zen, affecting investor perception of the stock.

Dynamic Technology Lab Private Ltd bought a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 27,186 shares of the company's stock, valued at approximately $856,000.

Several other institutional investors have also modified their holdings of TR. Deutsche Bank AG acquired a new stake in shares of Tootsie Roll Industries in the fourth quarter valued at about $52,000. Evermay Wealth Management LLC purchased a new position in Tootsie Roll Industries in the 1st quarter valued at $58,000. Quantbot Technologies LP lifted its holdings in Tootsie Roll Industries by 105.5% in the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock valued at $69,000 after purchasing an additional 1,133 shares in the last quarter. Pacer Advisors Inc. lifted 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 valued at $197,000 after purchasing an additional 822 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Tootsie Roll Industries in the 4th quarter valued at $217,000. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Trading Up 0.3%

TR stock traded up $0.14 during midday trading on Friday, reaching $40.06. The stock had a trading volume of 145,259 shares, compared to its average volume of 150,327. The company's fifty day simple moving average is $38.71 and its 200 day simple moving average is $34.81. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 32.11 and a beta of 0.46. Tootsie Roll Industries, Inc. has a 52-week low of $28.18 and a 52-week high of $41.56.

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

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.