Janus Henderson Group PLC Decreases Stock Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Janus Henderson Group PLC reduced its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 84.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,616 shares of the company's stock after selling 42,007 shares during the quarter. Janus Henderson Group PLC's holdings in Tootsie Roll Industries were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TR. HighTower Advisors LLC lifted its position in shares of Tootsie Roll Industries by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 45,215 shares of the company's stock valued at $1,462,000 after acquiring an additional 377 shares in the last quarter. LPL Financial LLC raised its stake in 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 purchasing an additional 404 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in 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 purchasing an additional 407 shares in the last quarter. Sei Investments Co. lifted its holdings in 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 purchasing an additional 695 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Tootsie Roll Industries by 5.8% during the 4th 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.

Analysts Set New Price Targets

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

Tootsie Roll Industries Price Performance

NYSE:TR traded up $0.47 during mid-day trading on Thursday, reaching $36.01. The company's stock had a trading volume of 144,489 shares, compared to its average volume of 171,818. The stock has a market cap of $2.63 billion, a P/E ratio of 29.52 and a beta of 0.39. The company's fifty day simple moving average is $32.23 and its two-hundred day simple moving average is $31.93. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $36.21.

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

About Tootsie Roll Industries

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.