OMERS ADMINISTRATION Corp Purchases 10,797 Shares of Tootsie Roll Industries, Inc. $TR

Key Points

• OMERS ADMINISTRATION Corp increased its shareholding in Tootsie Roll Industries, Inc. by 50.4%, acquiring an additional 10,797 shares to total 32,207 shares valued at approximately $1,014,000.
• Tootsie Roll Industries reported a quarterly earnings per share of $0.24 with a net margin of 12.72% and revenue of $153.19 million in its recent earnings report.
• The company's stock has a market cap of $2.94 billion and experienced a slight decline of 0.4% on the trading day, reflecting the current price dynamics.

OMERS ADMINISTRATION Corp raised its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 50.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,207 shares of the company's stock after buying an additional 10,797 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Tootsie Roll Industries were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Tootsie Roll Industries by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,152,076 shares of the company's stock valued at $67,747,000 after buying an additional 42,701 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Tootsie Roll Industries by 9.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,242,619 shares of the company's stock valued at $39,229,000 after buying an additional 102,519 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Tootsie Roll Industries by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,038,573 shares of the company's stock valued at $33,577,000 after buying an additional 37,924 shares in the last quarter. HFR Wealth Management LLC grew its holdings in Tootsie Roll Industries by 1.7% during the 1st quarter. HFR Wealth Management LLC now owns 286,060 shares of the company's stock valued at $9,005,000 after buying an additional 4,747 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Tootsie Roll Industries by 3.8% during the 4th quarter. Bank of America Corp DE now owns 181,978 shares of the company's stock valued at $5,883,000 after buying an additional 6,585 shares in the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Trading Up 1.0%

Shares of TR stock traded up $0.41 on Friday, reaching $40.83. The company's stock had a trading volume of 157,344 shares, compared to its average volume of 145,787. The stock's fifty day simple moving average is $38.16 and its 200-day simple moving average is $34.47. 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, Inc. has a 1 year low of $28.18 and a 1 year high of $41.27.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Tootsie Roll Industries from a "buy" rating to a "hold" rating in a report 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.