Price T Rowe Associates Inc. MD trimmed its position in shares of Hostess Brands Inc (NASDAQ:TWNK) by 97.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,395 shares of the company’s stock after selling 1,275,631 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Hostess Brands were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Hostess Brands by 66.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock worth $64,568,000 after purchasing an additional 1,780,147 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Hostess Brands by 28.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 63,938 shares of the company’s stock worth $923,000 after purchasing an additional 14,008 shares during the period. Jane Street Group LLC bought a new stake in shares of Hostess Brands during the 2nd quarter worth $206,000. D. E. Shaw & Co. Inc. raised its stake in shares of Hostess Brands by 47.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,342,818 shares of the company’s stock worth $19,390,000 after purchasing an additional 434,861 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Hostess Brands during the 2nd quarter worth $1,894,000. Institutional investors own 94.38% of the company’s stock.

In other news, insider Cdm Hostess Class C, Llc sold 962,472 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $13,474,608.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C. Dean Metropoulos sold 455,400 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $6,375,600.00. The disclosure for this sale can be found here. Insiders own 23.60% of the company’s stock.

TWNK has been the topic of a number of recent analyst reports. UBS Group upgraded Hostess Brands from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $17.00 in a research note on Monday, June 24th. TheStreet cut Hostess Brands from a “b” rating to a “f” rating in a research note on Thursday, July 18th. DA Davidson initiated coverage on Hostess Brands in a research note on Wednesday, June 19th. They set a “buy” rating and a $16.00 target price on the stock. BidaskClub cut Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Finally, Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Hostess Brands has an average rating of “Hold” and an average target price of $14.80.

Hostess Brands stock traded down $0.14 during midday trading on Monday, reaching $13.41. The stock had a trading volume of 6,914 shares, compared to its average volume of 1,125,904. Hostess Brands Inc has a 12 month low of $9.86 and a 12 month high of $14.86. The firm’s 50-day moving average price is $13.94 and its 200 day moving average price is $13.74. The firm has a market capitalization of $1.77 billion, a PE ratio of 24.83 and a beta of 0.55. The company has a quick ratio of 1.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.62.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Hostess Brands had a return on equity of 3.82% and a net margin of 5.89%. The business had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $225.98 million. During the same period in the previous year, the business posted $0.14 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that Hostess Brands Inc will post 0.6 EPS for the current year.

About Hostess Brands

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

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

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