BNP Paribas Arbitrage SA increased its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 131.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,130 shares of the company’s stock after acquiring an additional 5,189 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Tootsie Roll Industries were worth $318,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Comerica Bank boosted its position in Tootsie Roll Industries by 2.9% during the second quarter. Comerica Bank now owns 14,552 shares of the company’s stock worth $541,000 after acquiring an additional 413 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Tootsie Roll Industries by 19.8% in the 2nd quarter. Legal & General Group Plc now owns 13,436 shares of the company’s stock valued at $469,000 after purchasing an additional 2,218 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Tootsie Roll Industries by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 330,305 shares of the company’s stock valued at $11,511,000 after purchasing an additional 24,432 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Tootsie Roll Industries by 3.0% in the 2nd quarter. SG Americas Securities LLC now owns 7,835 shares of the company’s stock valued at $273,000 after purchasing an additional 227 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Tootsie Roll Industries by 7.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 86,391 shares of the company’s stock valued at $3,011,000 after purchasing an additional 6,240 shares during the last quarter. Hedge funds and other institutional investors own 21.54% of the company’s stock.

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

Tootsie Roll Industries, Inc. (NYSE TR) opened at 37.95 on Tuesday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 35.30 and a beta of 0.70. The firm has a 50 day moving average of $36.98 and a 200-day moving average of $36.68. Tootsie Roll Industries, Inc. has a one year low of $33.19 and a one year high of $40.44.

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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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