Financial Counselors Inc. Acquires New Stake in HOSTESS BRANDS (TWNK)
Financial Counselors Inc. acquired a new stake in shares of HOSTESS BRANDS (NASDAQ:TWNK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,124 shares of the company’s stock, valued at approximately $1,209,000. Financial Counselors Inc. owned 0.08% of HOSTESS BRANDS as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of TWNK. Apollo Management Holdings L.P. bought a new position in HOSTESS BRANDS during the first quarter valued at approximately $341,466,000. Franklin Resources Inc. bought a new position in HOSTESS BRANDS during the second quarter valued at approximately $87,922,000. Wellington Management Group LLP lifted its position in HOSTESS BRANDS by 73.2% during the first quarter. Wellington Management Group LLP now owns 12,404,218 shares of the company’s stock valued at $196,854,000 after purchasing an additional 5,244,152 shares during the period. Vanguard Group Inc. lifted its position in HOSTESS BRANDS by 834.4% during the first quarter. Vanguard Group Inc. now owns 4,266,650 shares of the company’s stock valued at $67,711,000 after purchasing an additional 3,810,050 shares during the period. Finally, Victory Capital Management Inc. lifted its position in HOSTESS BRANDS by 180.9% during the first quarter. Victory Capital Management Inc. now owns 3,871,572 shares of the company’s stock valued at $61,441,000 after purchasing an additional 2,493,140 shares during the period.
HOSTESS BRANDS (NASDAQ TWNK) opened at 13.42 on Tuesday. The company’s market capitalization is $1.34 billion. The firm has a 50-day moving average of $14.18 and a 200 day moving average of $15.56. HOSTESS BRANDS has a 52-week low of $10.65 and a 52-week high of $17.18.
HOSTESS BRANDS (NASDAQ:TWNK) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by $0.01. The firm had revenue of $203.18 million for the quarter, compared to analyst estimates of $205.41 million. Equities analysts predict that HOSTESS BRANDS will post $0.59 earnings per share for the current fiscal year.
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In other news, insider Cdm Hostess Class C, Llc sold 330,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $16.44, for a total value of $5,425,200.00. Following the sale, the insider now directly owns 195,000 shares of the company’s stock, valued at approximately $3,205,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Douglas Toler acquired 75,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 560,000 shares in the company, valued at $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is owned by corporate insiders.
A number of brokerages recently weighed in on TWNK. Zacks Investment Research downgraded shares of HOSTESS BRANDS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. UBS AG began coverage on shares of HOSTESS BRANDS in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective on the stock. BidaskClub upgraded shares of HOSTESS BRANDS from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, Stephens began coverage on shares of HOSTESS BRANDS in a research report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price objective on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.83.
About HOSTESS BRANDS
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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