Carnegie Capital Asset Management LLC lessened its holdings in shares of Hostess Brands, Inc. (NASDAQ:TWNK) by 13.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,035 shares of the company’s stock after selling 16,415 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Hostess Brands were worth $1,394,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Janus Henderson Group PLC grew its position in shares of Hostess Brands by 31.3% during the 3rd quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after purchasing an additional 2,316,041 shares in the last quarter. BlackRock Inc. grew its position in shares of Hostess Brands by 2.1% during the 4th quarter. BlackRock Inc. now owns 5,143,867 shares of the company’s stock worth $76,181,000 after purchasing an additional 106,348 shares in the last quarter. River Road Asset Management LLC acquired a new position in shares of Hostess Brands during the 4th quarter worth approximately $38,266,000. Dimensional Fund Advisors LP grew its position in shares of Hostess Brands by 112.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock worth $28,989,000 after purchasing an additional 1,121,008 shares in the last quarter. Finally, Channing Capital Management LLC acquired a new position in shares of Hostess Brands during the 3rd quarter worth approximately $18,584,000. Hedge funds and other institutional investors own 76.18% of the company’s stock.
In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 31,685 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $15.30, for a total value of $484,780.50. Following the sale, the insider now owns 31,685 shares in the company, valued at $484,780.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 25.50% of the company’s stock.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The business had revenue of $196.22 million for the quarter, compared to analyst estimates of $194.10 million. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. research analysts forecast that Hostess Brands, Inc. will post 0.61 earnings per share for the current year.
TWNK has been the topic of a number of analyst reports. SunTrust Banks increased their target price on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 price target on shares of Hostess Brands in a research report on Friday, December 22nd. TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th. BidaskClub lowered shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 3rd. Finally, Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Saturday, January 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Hostess Brands presently has a consensus rating of “Hold” and a consensus price target of $16.38.
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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