Hostess Brands, Inc. (TWNK) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC boosted its holdings in Hostess Brands, Inc. (NASDAQ:TWNK) by 125.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,680 shares of the company’s stock after purchasing an additional 15,414 shares during the period. SG Americas Securities LLC’s holdings in Hostess Brands were worth $378,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of TWNK. Ameritas Investment Partners Inc. purchased a new position in Hostess Brands in the second quarter worth $113,000. BNP Paribas Arbitrage SA boosted its position in Hostess Brands by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after purchasing an additional 8,889 shares during the last quarter. Amalgamated Bank purchased a new position in Hostess Brands in the second quarter worth $170,000. First Personal Financial Services boosted its position in Hostess Brands by 76.7% in the second quarter. First Personal Financial Services now owns 11,760 shares of the company’s stock worth $189,000 after purchasing an additional 5,103 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new position in Hostess Brands in the second quarter worth $199,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hostess Brands, Inc. (NASDAQ TWNK) opened at $14.18 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Hostess Brands, Inc. has a one year low of $11.00 and a one year high of $17.18.
Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The firm’s revenue was down 2.0% on a year-over-year basis. equities analysts predict that Hostess Brands, Inc. will post 0.6 EPS for the current year.
In related news, Director Neil P. Defeo acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average cost of $12.96 per share, for a total transaction of $129,600.00. Following the purchase, the director now owns 16,482 shares in the company, valued at approximately $213,606.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Douglas Toler acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average price of $12.88 per share, for a total transaction of $644,000.00. Following the completion of the purchase, the chief executive officer now owns 250,000 shares in the company, valued at approximately $3,220,000. The disclosure for this purchase can be found here. Insiders own 25.50% of the company’s stock.
Several research analysts have weighed in on TWNK shares. Royal Bank of Canada reissued a “buy” rating and issued a $16.00 price objective on shares of Hostess Brands in a research report on Wednesday, October 25th. Morgan Stanley lowered their target price on Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. Zacks Investment Research lowered Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. J P Morgan Chase & Co initiated coverage on Hostess Brands in a research note on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 target price on the stock. Finally, UBS lowered Hostess Brands from a “neutral” rating to a “sell” rating and lowered their target price for the company from $16.00 to $11.00 in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Hostess Brands currently has a consensus rating of “Buy” and a consensus target price of $16.25.
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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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