Tootsie Roll Industries (NYSE:TR) was downgraded by stock analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Thursday.
Shares of TR traded down $0.05 during mid-day trading on Thursday, hitting $30.10. 105,093 shares of the company’s stock were exchanged, compared to its average volume of 115,841. Tootsie Roll Industries has a fifty-two week low of $28.50 and a fifty-two week high of $39.45. The company has a market capitalization of $1,943.77, a price-to-earnings ratio of 24.07 and a beta of 0.67.
Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 15.68% and a return on equity of 11.31%. The business had revenue of $125.18 million during the quarter.
A number of large investors have recently made changes to their positions in TR. Advisor Group Inc. lifted its position in Tootsie Roll Industries by 257.4% in the fourth quarter. Advisor Group Inc. now owns 2,999 shares of the company’s stock valued at $109,000 after purchasing an additional 2,160 shares during the period. Tower Research Capital LLC TRC lifted its position in Tootsie Roll Industries by 103.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,248 shares of the company’s stock valued at $118,000 after purchasing an additional 1,652 shares during the period. New Mexico Educational Retirement Board acquired a new stake in Tootsie Roll Industries in the fourth quarter valued at about $171,000. Millennium Management LLC acquired a new stake in Tootsie Roll Industries in the fourth quarter valued at about $216,000. Finally, Teacher Retirement System of Texas acquired a new stake in Tootsie Roll Industries in the fourth quarter valued at about $239,000. Hedge funds and other institutional investors own 21.35% of the company’s stock.
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Tootsie Roll Industries Company Profile
Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.
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