Janney Montgomery Scott LLC Lowers Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Janney Montgomery Scott LLC trimmed its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,367 shares of the company’s stock after selling 656 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Tootsie Roll Industries were worth $274,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CWM LLC raised its position in shares of Tootsie Roll Industries by 426.5% during the 3rd quarter. CWM LLC now owns 795 shares of the company’s stock worth $30,000 after purchasing an additional 644 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in shares of Tootsie Roll Industries during the 2nd quarter worth about $57,000. Dupont Capital Management Corp acquired a new position in shares of Tootsie Roll Industries during the 3rd quarter worth about $93,000. State of Alaska Department of Revenue acquired a new position in shares of Tootsie Roll Industries during the 3rd quarter worth about $111,000. Finally, North Star Investment Management Corp. acquired a new position in shares of Tootsie Roll Industries during the 3rd quarter worth about $131,000. Institutional investors and hedge funds own 24.47% of the company’s stock.

TR opened at $34.51 on Monday. Tootsie Roll Industries, Inc. has a twelve month low of $31.06 and a twelve month high of $40.82. The company has a 50-day moving average price of $35.11 and a 200 day moving average price of $37.11. The company has a market cap of $2.27 billion, a PE ratio of 29.91 and a beta of 0.25.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.46 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 12.10% and a return on equity of 8.35%. The firm had revenue of $181.91 million during the quarter.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the Tootsie Roll, Tootsie 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.

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

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