Tootsie Roll Industries, Inc. (TR) Stake Boosted by Gruss & Co. Inc.

Gruss & Co. Inc. increased its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 3.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,482 shares of the company’s stock after buying an additional 537 shares during the period. Tootsie Roll Industries makes up 0.7% of Gruss & Co. Inc.’s holdings, making the stock its 21st largest position. Gruss & Co. Inc.’s holdings in Tootsie Roll Industries were worth $644,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of TR. 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. SG Americas Securities LLC boosted its stake in shares of Tootsie Roll Industries by 3.0% in the second quarter. SG Americas Securities LLC now owns 7,835 shares of the company’s stock worth $273,000 after buying an additional 227 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Tootsie Roll Industries by 131.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,130 shares of the company’s stock worth $318,000 after buying an additional 5,189 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Tootsie Roll Industries by 19.8% in the second quarter. Legal & General Group Plc now owns 13,436 shares of the company’s stock worth $469,000 after buying an additional 2,218 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Tootsie Roll Industries by 2.9% in the second quarter. Comerica Bank now owns 14,552 shares of the company’s stock worth $541,000 after buying an additional 413 shares during the last quarter. 21.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tootsie Roll Industries, Inc. (NYSE:TR) remained flat at $36.00 during midday trading on Friday. 596,027 shares of the stock were exchanged. The company has a market capitalization of $2.27 billion, a P/E ratio of 33.49 and a beta of 0.70. Tootsie Roll Industries, Inc. has a one year low of $33.19 and a one year high of $40.44. The stock’s 50-day moving average price is $36.38 and its 200 day moving average price is $36.67.

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Separately, BidaskClub raised shares of Tootsie Roll Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th.

About Tootsie Roll Industries

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.

Want to see what other hedge funds are holding TR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tootsie Roll Industries, Inc. (NYSE:TR).

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

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