Tootsie Roll Industries (NYSE:TR - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Friday.
Tootsie Roll Industries Stock Up 0.5 %
TR stock traded up $0.17 during trading on Friday, reaching $31.94. The company's stock had a trading volume of 83,805 shares, compared to its average volume of 163,966. The company's fifty day moving average is $31.29 and its 200-day moving average is $31.35. Tootsie Roll Industries has a 1 year low of $26.78 and a 1 year high of $33.22. The company has a market capitalization of $2.28 billion, a P/E ratio of 26.18 and a beta of 0.33.
Hedge Funds Weigh In On Tootsie Roll Industries
Institutional investors have recently bought and sold shares of the stock. CWA Asset Management Group LLC increased its holdings in shares of Tootsie Roll Industries by 3.0% in the first quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company's stock worth $548,000 after purchasing an additional 506 shares during the last quarter. Bfsg LLC raised its holdings in shares of Tootsie Roll Industries by 2.7% during the 1st quarter. Bfsg LLC now owns 176,105 shares of the company's stock worth $5,544,000 after acquiring an additional 4,656 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Tootsie Roll Industries by 2.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 58,059 shares of the company's stock valued at $1,828,000 after acquiring an additional 1,333 shares during the last quarter. GAMMA Investing LLC raised its stake in Tootsie Roll Industries by 3,573.7% during the first quarter. GAMMA Investing LLC now owns 66,383 shares of the company's stock valued at $2,109,000 after purchasing an additional 64,576 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Tootsie Roll Industries during the fourth quarter valued at $284,000. 14.28% of the stock is owned by hedge funds and other institutional investors.
Tootsie Roll Industries Company Profile
(
Get Free Report)
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.
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