Retirement Systems of Alabama Grows Position in Tootsie Roll Industries, Inc. (TR)
Retirement Systems of Alabama lifted its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 8.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,721 shares of the company’s stock after acquiring an additional 1,844 shares during the period. Retirement Systems of Alabama’s holdings in Tootsie Roll Industries were worth $939,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Tootsie Roll Industries by 8.2% during the third quarter. Principal Financial Group Inc. now owns 84,835 shares of the company’s stock worth $3,224,000 after buying an additional 6,451 shares in the last quarter. Aperio Group LLC grew its stake in Tootsie Roll Industries by 28.3% during the third quarter. Aperio Group LLC now owns 62,624 shares of the company’s stock worth $2,380,000 after buying an additional 13,809 shares in the last quarter. Nationwide Fund Advisors grew its stake in Tootsie Roll Industries by 6.8% during the third quarter. Nationwide Fund Advisors now owns 41,942 shares of the company’s stock worth $1,594,000 after buying an additional 2,670 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Tootsie Roll Industries during the second quarter worth about $541,000. Finally, State Street Corp grew its stake in Tootsie Roll Industries by 2.2% during the second quarter. State Street Corp now owns 632,775 shares of the company’s stock worth $22,051,000 after buying an additional 13,908 shares in the last quarter. Institutional investors and hedge funds own 21.92% of the company’s stock.
Tootsie Roll Industries, Inc. (NYSE TR) traded up $0.05 on Friday, hitting $36.45. 59,700 shares of the stock were exchanged, compared to its average volume of 95,626. Tootsie Roll Industries, Inc. has a one year low of $34.30 and a one year high of $41.65. The firm has a market cap of $2,295.00, a P/E ratio of 34.34 and a beta of 0.66.
Separately, BidaskClub downgraded shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 31st.
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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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