Tootsie Roll Industries, Inc. (TR) Stake Reduced by HL Financial Services LLC
HL Financial Services LLC lowered its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,908 shares of the company’s stock after selling 521 shares during the period. HL Financial Services LLC’s holdings in Tootsie Roll Industries were worth $276,000 as of its most recent SEC filing.
Separately, Janney Montgomery Scott LLC boosted its stake in shares of Tootsie Roll Industries by 2.8% in the second quarter. Janney Montgomery Scott LLC now owns 7,042 shares of the company’s stock worth $245,000 after buying an additional 193 shares during the last quarter. 21.51% of the stock is currently owned by institutional investors.
Shares of Tootsie Roll Industries, Inc. (NYSE:TR) opened at 36.65 on Wednesday. Tootsie Roll Industries, Inc. has a 12 month low of $33.19 and a 12 month high of $40.44. The company has a market cap of $2.31 billion, a PE ratio of 34.09 and a beta of 0.70. The firm’s 50-day moving average price is $36.29 and its 200-day moving average price is $36.67.
Separately, BidaskClub raised Tootsie Roll Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th.
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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