Hostess Brands (NASDAQ:TWNK) Stake Raised by NGAM Advisors L.P.
NGAM Advisors L.P. raised its position in Hostess Brands (NASDAQ:TWNK) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,737 shares of the company’s stock after buying an additional 418 shares during the period. NGAM Advisors L.P. owned approximately 0.30% of Hostess Brands worth $4,874,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Apollo Management Holdings L.P. acquired a new position in Hostess Brands during the first quarter worth $341,466,000. Wellington Management Group LLP raised its position in Hostess Brands by 73.2% in the first quarter. Wellington Management Group LLP now owns 12,404,218 shares of the company’s stock worth $196,854,000 after buying an additional 5,244,152 shares during the period. Vanguard Group Inc. raised its position in Hostess Brands by 834.4% in the first quarter. Vanguard Group Inc. now owns 4,266,650 shares of the company’s stock worth $67,711,000 after buying an additional 3,810,050 shares during the period. Victory Capital Management Inc. raised its position in Hostess Brands by 180.9% in the first quarter. Victory Capital Management Inc. now owns 3,871,572 shares of the company’s stock worth $61,441,000 after buying an additional 2,493,140 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in Hostess Brands by 1.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,564,150 shares of the company’s stock worth $57,383,000 after buying an additional 63,550 shares during the period. 86.75% of the stock is owned by hedge funds and other institutional investors.
Hostess Brands (NASDAQ TWNK) opened at 15.025 on Monday. The company’s market cap is $1.49 billion. Hostess Brands has a 1-year low of $10.35 and a 1-year high of $17.18. The stock has a 50 day moving average price of $15.94 and a 200-day moving average price of $15.75.
Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Tuesday, May 9th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $184.54 million during the quarter, compared to analysts’ expectations of $181.79 million. During the same quarter in the previous year, the business earned $0.08 EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts forecast that Hostess Brands will post $0.64 EPS for the current year.
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A number of equities analysts have recently weighed in on TWNK shares. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. UBS AG started coverage on Hostess Brands in a research note on Monday, July 31st. They issued a “neutral” rating and a $16.00 price objective for the company. BidaskClub raised Hostess Brands from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Deutsche Bank AG set a $19.00 price objective on Hostess Brands and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, Stephens started coverage on Hostess Brands in a research note on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 price objective for the company. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $17.83.
In other news, insider Cdm Hostess Class C, Llc sold 330,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $16.44, for a total transaction of $5,425,200.00. Following the sale, the insider now directly owns 195,000 shares in the company, valued at approximately $3,205,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Douglas Toler bought 50,000 shares of the company’s stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average price of $15.85 per share, for a total transaction of $792,500.00. Following the completion of the transaction, the insider now directly owns 485,000 shares in the company, valued at $7,687,250. The disclosure for this purchase can be found here. 25.50% of the stock is owned by company insiders.
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