Marble Harbor Investment Counsel LLC Sells 3,502 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Marble Harbor Investment Counsel LLC trimmed its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 10.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,155 shares of the company’s stock after selling 3,502 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in Tootsie Roll Industries were worth $922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Tootsie Roll Industries during the second quarter valued at $33,000. Clarity Asset Management Inc. purchased a new position in shares of Tootsie Roll Industries during the fourth quarter worth approximately $55,000. Quest Partners LLC purchased a new position in shares of Tootsie Roll Industries during the fourth quarter worth approximately $191,000. Commonwealth Equity Services LLC bought a new stake in shares of Tootsie Roll Industries during the second quarter valued at approximately $247,000. Finally, Hamel Associates Inc. purchased a new stake in shares of Tootsie Roll Industries in the second quarter valued at approximately $260,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Price Performance

TR stock opened at $33.15 on Monday. Tootsie Roll Industries, Inc. has a 1-year low of $27.58 and a 1-year high of $35.84. The business has a 50-day moving average price of $29.85 and a 200 day moving average price of $30.23. The company has a market capitalization of $2.37 billion, a P/E ratio of 25.36 and a beta of 0.16.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.22 EPS for the quarter. Tootsie Roll Industries had a net margin of 12.80% and a return on equity of 11.54%. The business had revenue of $148.82 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Sunday, June 30th.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.