Voya Investment Management LLC Purchases 55,551 Shares of Hostess Brands Inc (TWNK)

Voya Investment Management LLC raised its position in Hostess Brands Inc (NASDAQ:TWNK) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,461,761 shares of the company’s stock after purchasing an additional 55,551 shares during the quarter. Voya Investment Management LLC’s holdings in Hostess Brands were worth $19,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. grew its stake in Hostess Brands by 24.1% in the second quarter. BlackRock Inc. now owns 6,357,836 shares of the company’s stock valued at $86,466,000 after purchasing an additional 1,232,929 shares in the last quarter. River Road Asset Management LLC grew its stake in Hostess Brands by 6.6% in the second quarter. River Road Asset Management LLC now owns 5,463,041 shares of the company’s stock valued at $74,297,000 after purchasing an additional 338,640 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hostess Brands by 21.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,828,961 shares of the company’s stock valued at $65,674,000 after purchasing an additional 861,968 shares in the last quarter. Channing Capital Management LLC grew its stake in Hostess Brands by 6.1% in the second quarter. Channing Capital Management LLC now owns 4,061,789 shares of the company’s stock valued at $55,240,000 after purchasing an additional 235,048 shares in the last quarter. Finally, Cardinal Capital Management LLC CT grew its stake in Hostess Brands by 123.3% in the first quarter. Cardinal Capital Management LLC CT now owns 4,019,609 shares of the company’s stock valued at $59,450,000 after purchasing an additional 2,219,456 shares in the last quarter. Hedge funds and other institutional investors own 84.97% of the company’s stock.

In other Hostess Brands news, Director Larry E. Bodner acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average price of $11.93 per share, with a total value of $119,300.00. Following the transaction, the director now owns 26,609 shares of the company’s stock, valued at $317,445.37. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Wilson Jacobs acquired 8,275 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average cost of $12.15 per share, with a total value of $100,541.25. Following the transaction, the insider now directly owns 27,209 shares in the company, valued at approximately $330,589.35. The disclosure for this purchase can be found here. 24.60% of the stock is owned by insiders.

Shares of NASDAQ:TWNK opened at $12.22 on Monday. Hostess Brands Inc has a fifty-two week low of $11.00 and a fifty-two week high of $15.40. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.40 and a beta of -0.09. The company has a quick ratio of 1.75, a current ratio of 2.03 and a debt-to-equity ratio of 0.64.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Hostess Brands had a return on equity of 3.87% and a net margin of 28.58%. The company had revenue of $215.85 million during the quarter, compared to analyst estimates of $219.50 million. analysts predict that Hostess Brands Inc will post 0.55 EPS for the current fiscal year.

A number of brokerages have commented on TWNK. BidaskClub upgraded Hostess Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Zacks Investment Research downgraded Hostess Brands from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. Royal Bank of Canada downgraded Hostess Brands from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 8th. SunTrust Banks downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Vertical Group assumed coverage on Hostess Brands in a research note on Tuesday, May 22nd. They issued a “buy” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $15.67.

Hostess Brands Company Profile

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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Institutional Ownership by Quarter for Hostess Brands (NASDAQ:TWNK)

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