Comerica Bank Lowers Holdings in Tootsie Roll Industries, Inc. $TR

Comerica Bank reduced its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 6.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,712 shares of the company’s stock after selling 405 shares during the quarter. Comerica Bank’s holdings in Tootsie Roll Industries were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG bought a new position in shares of Tootsie Roll Industries during the 4th quarter worth $52,000. Evermay Wealth Management LLC purchased a new stake in shares of Tootsie Roll Industries in the 1st quarter worth approximately $58,000. Quantbot Technologies LP boosted its stake in shares of Tootsie Roll Industries by 105.5% during the first 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 in the last quarter. Pacer Advisors Inc. increased its holdings in Tootsie Roll Industries by 15.1% during the first quarter. Pacer Advisors Inc. now owns 6,259 shares of the company’s stock valued at $197,000 after buying an additional 822 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in Tootsie Roll Industries during the fourth quarter valued at approximately $217,000. 14.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Tootsie Roll Industries Stock Down 4.2%

Shares of NYSE TR opened at $39.47 on Thursday. The firm has a market cap of $2.88 billion, a P/E ratio of 31.64 and a beta of 0.46. Tootsie Roll Industries, Inc. has a 52 week low of $28.18 and a 52 week high of $41.56. The business’s 50 day moving average price is $38.53 and its 200 day moving average price is $34.64.

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

Tootsie Roll Industries 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.