Boston Partners cut its stake in shares of Hostess Brands (NASDAQ:TWNK) by 9.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 262,089 shares of the company’s stock after selling 28,354 shares during the period. Boston Partners owned approximately 0.20% of Hostess Brands worth $3,876,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. American Century Companies Inc. acquired a new position in Hostess Brands during the 1st quarter worth approximately $5,527,000. Monarch Partners Asset Management LLC increased its holdings in Hostess Brands by 0.5% during the 1st quarter. Monarch Partners Asset Management LLC now owns 1,220,577 shares of the company’s stock worth $18,052,000 after purchasing an additional 5,630 shares during the last quarter. Alps Advisors Inc. purchased a new stake in Hostess Brands during the 1st quarter worth approximately $486,000. Wells Fargo & Company MN increased its holdings in Hostess Brands by 6.7% during the 1st quarter. Wells Fargo & Company MN now owns 1,295,851 shares of the company’s stock worth $19,165,000 after purchasing an additional 81,809 shares during the last quarter. Finally, FDx Advisors Inc. increased its holdings in Hostess Brands by 39.9% during the 1st quarter. FDx Advisors Inc. now owns 17,150 shares of the company’s stock worth $254,000 after purchasing an additional 4,894 shares during the last quarter. 85.73% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Craig D. Steeneck purchased 13,000 shares of the stock in a transaction dated Monday, March 5th. The stock was acquired at an average cost of $14.09 per share, for a total transaction of $183,170.00. Following the acquisition, the director now owns 308,257 shares of the company’s stock, valued at $4,343,341.13. The acquisition was disclosed in a filing with the SEC, which is available at this link. 25.50% of the stock is currently owned by insiders.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Wednesday, May 9th. The company reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. Hostess Brands had a return on equity of 4.37% and a net margin of 28.97%. The business had revenue of $208.74 million during the quarter, compared to the consensus estimate of $200.77 million. During the same period in the previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. equities analysts forecast that Hostess Brands will post 0.69 EPS for the current year.
TWNK has been the topic of several analyst reports. BidaskClub downgraded Hostess Brands from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Zacks Investment Research upgraded Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Saturday, January 20th. TheStreet upgraded Hostess Brands from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Morgan Stanley set a $14.00 price objective on Hostess Brands and gave the stock a “hold” rating in a report on Thursday, March 1st. Finally, UBS upgraded Hostess Brands from a “sell” rating to a “neutral” rating in a report on Monday, April 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.29.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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