OMERS ADMINISTRATION Corp Raises Stock Holdings in 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 increased its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 50.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 32,207 shares of the company's stock after purchasing an additional 10,797 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Tootsie Roll Industries were worth $1,014,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Deutsche Bank AG bought a new position in shares of Tootsie Roll Industries during the 4th quarter valued at approximately $52,000. Evermay Wealth Management LLC bought a new position in shares of Tootsie Roll Industries during the 1st quarter valued at approximately $58,000. Quantbot Technologies LP increased its position in shares of Tootsie Roll Industries by 105.5% during 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 during the last quarter. Pacer Advisors Inc. increased its position in shares of Tootsie Roll Industries by 15.1% during 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 during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Tootsie Roll Industries during the 4th quarter valued at approximately $217,000. Institutional investors own 14.28% of the company's stock.

Analysts Set New Price Targets

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

Tootsie Roll Industries Price Performance

Shares of TR stock traded down $0.24 during mid-day trading on Thursday, hitting $40.46. The stock had a trading volume of 118,925 shares, compared to its average volume of 162,404. Tootsie Roll Industries, Inc. has a 12-month low of $28.18 and a 12-month high of $41.27. The firm has a market capitalization of $2.95 billion, a P/E ratio of 32.43 and a beta of 0.46. The firm's 50-day moving average is $37.88 and its two-hundred day moving average is $34.32.

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