Tootsie Roll Industries (NYSE:TR) Rating Lowered to Hold at StockNews.com

Tootsie Roll Industries (NYSE:TR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Tootsie Roll Industries Price Performance

Shares of Tootsie Roll Industries stock opened at $30.57 on Friday. The firm has a market cap of $2.19 billion, a PE ratio of 23.34 and a beta of 0.15. Tootsie Roll Industries has a 1 year low of $28.13 and a 1 year high of $35.98. The company has a 50 day simple moving average of $29.65 and a two-hundred day simple moving average of $31.54.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $151.46 million during the quarter. Tootsie Roll Industries had a net margin of 12.51% and a return on equity of 11.63%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TR. Trexquant Investment LP increased its position in Tootsie Roll Industries by 104.8% during the 3rd quarter. Trexquant Investment LP now owns 18,238 shares of the company’s stock valued at $545,000 after purchasing an additional 9,334 shares during the period. Qube Research & Technologies Ltd increased its position in Tootsie Roll Industries by 6.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 74,880 shares of the company’s stock valued at $2,236,000 after purchasing an additional 4,394 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Tootsie Roll Industries during the 3rd quarter valued at $338,000. Tudor Investment Corp Et Al boosted its holdings in shares of Tootsie Roll Industries by 11.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 81,182 shares of the company’s stock valued at $2,424,000 after buying an additional 8,015 shares in the last quarter. Finally, Headinvest LLC bought a new stake in shares of Tootsie Roll Industries during the 3rd quarter valued at $28,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

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.