Financial Counselors Inc. increased its position in Hostess Brands, Inc. (NASDAQ:TWNK) by 14.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,023 shares of the company’s stock after purchasing an additional 10,899 shares during the period. Financial Counselors Inc. owned 0.07% of Hostess Brands worth $1,175,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its stake in Hostess Brands by 0.8% in the second quarter. Oppenheimer & Co. Inc. now owns 255,637 shares of the company’s stock worth $4,115,000 after purchasing an additional 2,000 shares during the period. California Public Employees Retirement System grew its stake in Hostess Brands by 8.0% in the second quarter. California Public Employees Retirement System now owns 36,600 shares of the company’s stock worth $589,000 after purchasing an additional 2,700 shares during the period. Scholtz & Company LLC grew its stake in Hostess Brands by 2.5% in the second quarter. Scholtz & Company LLC now owns 120,265 shares of the company’s stock worth $1,936,000 after purchasing an additional 2,960 shares during the period. Carnegie Capital Asset Management LLC grew its stake in Hostess Brands by 4.4% in the second quarter. Carnegie Capital Asset Management LLC now owns 104,860 shares of the company’s stock worth $1,577,000 after purchasing an additional 4,435 shares during the period. Finally, First Personal Financial Services grew its stake in shares of 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 acquiring an additional 5,103 shares during the last quarter. 78.60% of the stock is currently owned by institutional investors.

In other news, Director Neil P. Defeo bought 10,000 shares of the stock in a transaction on Friday, November 24th. The shares were bought at an average price of $12.96 per share, with a total value of $129,600.00. Following the completion of the acquisition, the director now owns 16,482 shares in the company, valued at $213,606.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Douglas Toler bought 50,000 shares of the stock in a transaction on Friday, November 24th. The stock was purchased at an average cost of $12.88 per share, for a total transaction of $644,000.00. Following the acquisition, the chief executive officer now owns 250,000 shares of the company’s stock, valued at approximately $3,220,000. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by corporate insiders.

Hostess Brands, Inc. (TWNK) opened at $13.88 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 2.18. Hostess Brands, Inc. has a 1-year low of $11.00 and a 1-year high of $17.18.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate 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. research analysts predict that Hostess Brands, Inc. will post 0.6 earnings per share for the current year.

TWNK has been the topic of a number of recent research reports. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. UBS cut Hostess Brands from a “neutral” rating to a “sell” rating and cut their target price for the stock from $16.00 to $11.00 in a research note on Friday, October 13th. Royal Bank Of Canada initiated coverage on Hostess Brands in a research note on Monday, September 18th. They issued an “outperform” rating and a $16.00 target price on the stock. 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, Morgan Stanley initiated coverage on Hostess Brands in a research note on Monday, September 25th. They issued an “equal weight” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hostess Brands currently has a consensus rating of “Buy” and a consensus price target of $16.25.

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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.

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

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