State Street Corp Has $17.91 Million Holdings in HOSTESS BRANDS (TWNK)
State Street Corp raised its position in shares of HOSTESS BRANDS (NASDAQ:TWNK) by 4,097.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,112,379 shares of the company’s stock after buying an additional 1,085,879 shares during the quarter. State Street Corp owned 1.11% of HOSTESS BRANDS worth $17,907,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its stake in HOSTESS BRANDS by 896.1% during the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock valued at $159,000 after buying an additional 8,889 shares in the last quarter. Amalgamated Bank purchased a new stake in HOSTESS BRANDS during the second quarter valued at about $170,000. KCG Holdings Inc. purchased a new stake in HOSTESS BRANDS during the first quarter valued at about $187,000. First Personal Financial Services lifted its stake in HOSTESS BRANDS by 76.7% during the second quarter. First Personal Financial Services now owns 11,760 shares of the company’s stock valued at $189,000 after buying an additional 5,103 shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new stake in HOSTESS BRANDS during the second quarter valued at about $199,000. 75.60% of the stock is owned by institutional investors.
Shares of HOSTESS BRANDS (TWNK) opened at $12.71 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 has a 52-week low of $11.00 and a 52-week high of $17.18.
HOSTESS BRANDS (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $192.30 million during the quarter, compared to analyst estimates of $198.42 million. HOSTESS BRANDS had a net margin of 2.58% and a return on equity of 1.16%. HOSTESS BRANDS’s revenue for the quarter was down 2.0% compared to the same quarter last year. research analysts expect that HOSTESS BRANDS will post 0.6 EPS for the current fiscal year.
A number of research firms have commented on TWNK. Zacks Investment Research lowered shares of HOSTESS BRANDS from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley reduced their price target on shares of HOSTESS BRANDS from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $16.00 price target on shares of HOSTESS BRANDS in a research report on Wednesday, October 25th. UBS AG lowered shares of HOSTESS BRANDS from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $16.00 to $11.00 in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co began coverage on shares of HOSTESS BRANDS in a research report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. HOSTESS BRANDS currently has an average rating of “Buy” and a consensus target price of $16.25.
HOSTESS BRANDS 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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