BNP Paribas Financial Markets Grows Position in Tootsie Roll Industries, Inc. (NYSE:TR)

BNP Paribas Financial Markets boosted its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 43.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,697 shares of the company’s stock after buying an additional 3,237 shares during the quarter. BNP Paribas Financial Markets’ holdings in Tootsie Roll Industries were worth $346,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC bought a new position in shares of Tootsie Roll Industries during the 4th quarter valued at $27,000. KLP Kapitalforvaltning AS purchased a new stake in Tootsie Roll Industries during the fourth quarter valued at $82,000. Pacer Advisors Inc. bought a new position in Tootsie Roll Industries in the fourth quarter valued at about $176,000. Yousif Capital Management LLC purchased a new position in Tootsie Roll Industries in the fourth quarter worth about $200,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Tootsie Roll Industries during the 4th quarter valued at about $208,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Up 0.7%

TR opened at $33.88 on Tuesday. The firm’s 50 day simple moving average is $31.97 and its two-hundred day simple moving average is $31.85. The company has a market capitalization of $2.47 billion, a PE ratio of 27.77 and a beta of 0.39. Tootsie Roll Industries, Inc. has a 1-year low of $26.78 and a 1-year high of $34.63.

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

Analyst Upgrades and Downgrades

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 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.