Royal Bank of Canada reduced its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 10.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,773 shares of the company’s stock after selling 823 shares during the period. Royal Bank of Canada’s holdings in Tootsie Roll Industries were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Tootsie Roll Industries by 3.6% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 3,105 shares of the company’s stock worth $120,000 after buying an additional 109 shares in the last quarter. Riverhead Capital Management LLC boosted its position in shares of Tootsie Roll Industries by 13.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,482 shares of the company’s stock worth $121,000 after buying an additional 400 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Tootsie Roll Industries by 6.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,562 shares of the company’s stock worth $159,000 after buying an additional 282 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Tootsie Roll Industries by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 6,094 shares of the company’s stock worth $212,000 after buying an additional 912 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new stake in shares of Tootsie Roll Industries in the 2nd quarter worth about $213,000. Institutional investors own 21.92% of the company’s stock.

Separately, BidaskClub lowered shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research report on Monday, July 31st.

Shares of Tootsie Roll Industries, Inc. (NYSE TR) opened at $36.40 on Wednesday. Tootsie Roll Industries, Inc. has a 1 year low of $34.30 and a 1 year high of $41.65. The company has a market cap of $2,288.71, a PE ratio of 34.24 and a beta of 0.66.

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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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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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