AHL Partners LLP bought a new stake in Hostess Brands (NASDAQ:TWNK) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 140,621 shares of the company’s stock, valued at approximately $2,264,000. AHL Partners LLP owned about 0.14% of Hostess Brands as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Hostess Brands by 56.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock valued at $107,791,000 after purchasing an additional 2,428,469 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Hostess Brands by 61.8% in the 2nd quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock valued at $100,863,000 after purchasing an additional 2,393,253 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Hostess Brands in the 2nd quarter valued at about $87,922,000. Vaughan Nelson Investment Management L.P. raised its holdings in Hostess Brands by 1.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,564,150 shares of the company’s stock valued at $57,383,000 after acquiring an additional 63,550 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in Hostess Brands in the 2nd quarter valued at about $26,466,000. Institutional investors and hedge funds own 77.51% of the company’s stock.
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In related news, CEO William Douglas Toler bought 75,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the purchase, the chief executive officer now directly owns 560,000 shares in the company, valued at $7,761,600. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael John Cramer bought 5,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $13.98 per share, for a total transaction of $69,900.00. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The business had revenue of $203.18 million for the quarter, compared to analysts’ expectations of $205.41 million.
Several research analysts have weighed in on the stock. UBS AG cut shares of Hostess Brands from a “neutral” rating to a “sell” rating and set a $16.00 price target on the stock. in a report on Friday. J P Morgan Chase & Co assumed coverage on shares of Hostess Brands in a report on Wednesday. They issued a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Morgan Stanley assumed coverage on shares of Hostess Brands in a report on Monday, September 25th. They issued an “equal weight” rating and a $14.00 price target on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of Hostess Brands in a report on Monday, September 18th. They issued an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $16.89.
Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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