Marble Harbor Investment Counsel LLC lowered its holdings in shares of Tootsie Roll Industries (NYSE:TR) by 13.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 34,548 shares of the company’s stock after selling 5,174 shares during the period. Marble Harbor Investment Counsel LLC owned 0.05% of Tootsie Roll Industries worth $1,017,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Advisor Group Inc. grew its holdings in Tootsie Roll Industries by 257.4% during the fourth quarter. Advisor Group Inc. now owns 2,999 shares of the company’s stock worth $109,000 after purchasing an additional 2,160 shares during the period. Tower Research Capital LLC TRC grew its holdings in Tootsie Roll Industries by 103.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,248 shares of the company’s stock worth $118,000 after purchasing an additional 1,652 shares during the period. New Mexico Educational Retirement Board bought a new position in Tootsie Roll Industries during the fourth quarter worth about $171,000. Millennium Management LLC acquired a new stake in Tootsie Roll Industries during the fourth quarter worth approximately $216,000. Finally, Teacher Retirement System of Texas acquired a new stake in Tootsie Roll Industries during the fourth quarter worth approximately $239,000. Institutional investors and hedge funds own 21.63% of the company’s stock.
Shares of TR stock opened at $28.60 on Friday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 23.14 and a beta of 0.67. Tootsie Roll Industries has a 12-month low of $27.45 and a 12-month high of $38.60.
Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings data on Tuesday, April 24th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $100.86 million during the quarter. Tootsie Roll Industries had a net margin of 15.38% and a return on equity of 10.97%.
Separately, TheStreet downgraded shares of Tootsie Roll Industries from a “b-” rating to a “c+” rating in a research report on Thursday, April 5th.
Tootsie Roll Industries Profile
Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the TOOTSIE ROLL, TOOTSIE 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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