MANA Advisors LLC acquired a new position in shares of Hostess Brands, Inc. (NASDAQ:TWNK) in the 4th quarter, Holdings Channel reports. The fund acquired 19,117 shares of the company’s stock, valued at approximately $283,000.
Other hedge funds have also recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new position in Hostess Brands during the third quarter worth $150,000. Amalgamated Bank acquired a new position in Hostess Brands during the fourth quarter worth $159,000. JPMorgan Chase & Co. raised its holdings in Hostess Brands by 340.8% during the third quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock worth $161,000 after purchasing an additional 9,109 shares during the last quarter. Cipher Capital LP acquired a new position in Hostess Brands during the third quarter worth $167,000. Finally, Centaurus Financial Inc. acquired a new position in Hostess Brands during the fourth quarter worth $181,000. 80.73% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on TWNK shares. SunTrust Banks lifted their price objective on Hostess Brands to $20.00 and gave the stock a “buy” rating in a report on Monday, December 18th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price target on shares of Hostess Brands in a research report on Friday, December 22nd. TheStreet raised Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. BidaskClub downgraded Hostess Brands from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Finally, Zacks Investment Research raised Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Saturday, January 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.63.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $196.22 million during the quarter, compared to the consensus estimate of $194.10 million. Hostess Brands had a return on equity of 4.68% and a net margin of 28.85%. Hostess Brands’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. sell-side analysts forecast that Hostess Brands, Inc. will post 0.69 EPS for the current fiscal year.
In other Hostess Brands news, Director Craig D. Steeneck acquired 13,000 shares of the stock in a transaction dated Monday, March 5th. The stock was acquired at an average price of $14.09 per share, with a total value of $183,170.00. Following the completion of the transaction, the director now directly owns 308,257 shares in the company, valued at $4,343,341.13. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Cdm Hostess Class C, Llc sold 25,752 shares of Hostess Brands stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $15.30, for a total value of $394,005.60. Following the completion of the sale, the insider now directly owns 25,752 shares of the company’s stock, valued at approximately $394,005.60. The disclosure for this sale can be found here. Company insiders own 25.50% of the company’s stock.
About Hostess Brands
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.
Want to see what other hedge funds are holding TWNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hostess Brands, Inc. (NASDAQ:TWNK).
Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.