Amalgamated Bank purchased a new stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,732 shares of the company’s stock, valued at approximately $159,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Centaurus Financial Inc. bought a new position in Hostess Brands during the fourth quarter valued at about $181,000. Wells Fargo & Company MN grew its position in Hostess Brands by 767.8% during the third quarter. Wells Fargo & Company MN now owns 564,160 shares of the company’s stock valued at $7,706,000 after buying an additional 499,149 shares during the period. Alyeska Investment Group L.P. bought a new position in Hostess Brands during the third quarter valued at about $5,123,000. SG Americas Securities LLC grew its position in Hostess Brands by 125.7% during the third quarter. SG Americas Securities LLC now owns 27,680 shares of the company’s stock valued at $378,000 after buying an additional 15,414 shares during the period. Finally, M&T Bank Corp grew its position in Hostess Brands by 24.9% during the fourth quarter. M&T Bank Corp now owns 30,573 shares of the company’s stock valued at $453,000 after buying an additional 6,096 shares during the period. Institutional investors own 80.73% of the company’s stock.
Hostess Brands stock opened at $14.38 on Monday. The company has a current ratio of 2.18, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1,870.98, a PE ratio of 6.66 and a beta of 1.07. Hostess Brands, Inc. has a 1 year low of $11.00 and a 1 year high of $17.18.
Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $196.22 million during the quarter, compared to analyst estimates of $194.10 million. Hostess Brands had a net margin of 28.85% and a return on equity of 4.68%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. sell-side analysts expect that Hostess Brands, Inc. will post 0.69 EPS for the current fiscal year.
In other news, insider Cdm Hostess Class C, Llc sold 25,752 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 25,752 shares in the company, valued at $394,005.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig D. Steeneck acquired 13,000 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was purchased 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 of the company’s stock, valued at approximately $4,343,341.13. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by company insiders.
A number of brokerages have weighed in on TWNK. BidaskClub lowered shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Saturday, January 20th. Morgan Stanley set a $14.00 target price on shares of Hostess Brands and gave the stock a “hold” rating in a research report on Thursday, March 1st. Finally, SunTrust Banks increased their target price on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.63.
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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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