Westwood Holdings Group Inc. purchased 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 & Exchange Commission. The firm purchased 1,682,982 shares of the company’s stock, valued at approximately $27,074,000. Westwood Holdings Group Inc. owned approximately 1.68% of Hostess Brands as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TWNK. Janus Henderson Group PLC purchased a new stake in Hostess Brands during the second quarter valued at about $118,956,000. Franklin Resources Inc. purchased a new stake in Hostess Brands during the second quarter valued at about $87,922,000. Vanguard Group Inc. raised 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 in the last quarter. Victory Capital Management Inc. raised its position in Hostess Brands by 61.8% during the second quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock valued at $100,863,000 after purchasing an additional 2,393,253 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new stake in Hostess Brands during the second quarter valued at about $26,466,000. Institutional investors and hedge funds own 77.51% of the company’s stock.

In other news, CEO William Douglas Toler acquired 75,000 shares of Hostess Brands stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $13.86 per share, with a total value of $1,039,500.00. Following the transaction, the chief executive officer now directly owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael John Cramer acquired 5,000 shares of Hostess Brands stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $13.98 per share, for a total transaction of $69,900.00. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by company insiders.

A number of equities research analysts have weighed in on TWNK shares. Royal Bank Of Canada started coverage on Hostess Brands in a research report on Monday, September 18th. They set an “outperform” rating and a $16.00 price target on the stock. UBS AG started coverage on Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price target on the stock. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, July 13th. Morgan Stanley started coverage on Hostess Brands in a research report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price target on the stock. Finally, J P Morgan Chase & Co started coverage on Hostess Brands in a research report on Wednesday. They set a “neutral” rating and a $15.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $16.33.

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Hostess Brands (NASDAQ:TWNK) traded down 8.79% on Friday, hitting $12.25. The stock had a trading volume of 4,178,887 shares. The firm’s market cap is $1.22 billion. The company’s 50 day moving average price is $13.58 and its 200 day moving average price is $15.22. Hostess Brands has a 52-week low of $11.00 and a 52-week high of $17.18.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $203.18 million for the quarter, compared to analysts’ expectations of $205.41 million. Analysts expect that Hostess Brands will post $0.59 EPS for the current year.

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.

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

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