Tootsie Roll Industries, Inc. (NYSE:TR) Stock Position Lowered by Signaturefd LLC

Signaturefd LLC decreased its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,595 shares of the company’s stock after selling 335 shares during the quarter. Signaturefd LLC’s holdings in Tootsie Roll Industries were worth $79,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Tootsie Roll Industries by 1.3% in the first quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock valued at $59,760,000 after buying an additional 24,408 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Tootsie Roll Industries by 19.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,002,425 shares of the company’s stock worth $32,108,000 after acquiring an additional 160,197 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Tootsie Roll Industries by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 883,291 shares of the company’s stock worth $29,360,000 after purchasing an additional 7,890 shares during the period. HFR Wealth Management LLC lifted its holdings in shares of Tootsie Roll Industries by 1.2% during the fourth quarter. HFR Wealth Management LLC now owns 256,991 shares of the company’s stock valued at $8,542,000 after purchasing an additional 3,083 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new position in shares of Tootsie Roll Industries in the 4th quarter valued at $3,733,000. Institutional investors own 14.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Sunday, June 30th.

Tootsie Roll Industries Stock Performance

Shares of NYSE:TR opened at $30.77 on Thursday. The firm has a 50 day simple moving average of $29.58 and a 200 day simple moving average of $30.24. Tootsie Roll Industries, Inc. has a 52 week low of $27.58 and a 52 week high of $35.84. The company has a market cap of $2.20 billion, a PE ratio of 23.54 and a beta of 0.16.

Tootsie Roll Industries (NYSE:TR) last released its earnings results on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $148.82 million during the quarter. Tootsie Roll Industries had a return on equity of 11.54% and a net margin of 12.80%.

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.