Schwab Charles Investment Management Inc. reduced its stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 336,716 shares of the company’s stock after selling 21,371 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.26% of Hostess Brands worth $4,600,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of TWNK. Ameritas Investment Partners Inc. acquired a new stake in shares of Hostess Brands in the second quarter valued at approximately $113,000. BNP Paribas Arbitrage SA grew its position in shares of Hostess Brands by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock valued at $159,000 after purchasing an additional 8,889 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Hostess Brands in the second quarter valued at approximately $170,000. JPMorgan Chase & Co. grew its position in shares of Hostess Brands by 340.8% in the third quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock valued at $161,000 after purchasing an additional 9,109 shares during the last quarter. Finally, Cipher Capital LP acquired a new stake in shares of Hostess Brands in the third quarter valued at approximately $167,000. Institutional investors own 78.62% of the company’s stock.
Shares of Hostess Brands, Inc. (TWNK) traded down $0.54 during mid-day trading on Friday, hitting $13.12. 1,242,202 shares of the stock were exchanged, compared to its average volume of 899,002. Hostess Brands, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $17.18. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.
In related news, CEO William Douglas Toler acquired 50,000 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was bought at an average cost of $12.88 per share, with a total value of $644,000.00. Following the acquisition, the chief executive officer now directly owns 250,000 shares in the company, valued at $3,220,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Cdm Hostess Class C, Llc sold 31,685 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $15.30, for a total transaction of $484,780.50. Following the transaction, the insider now directly owns 31,685 shares of the company’s stock, valued at $484,780.50. The disclosure for this sale can be found here. 25.50% of the stock is currently owned by company insiders.
Several brokerages recently issued reports on TWNK. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price objective on shares of Hostess Brands in a research note on Friday, December 22nd. Zacks Investment Research raised shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Saturday, January 20th. SunTrust Banks increased their price target on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a research note on Monday, December 18th. They noted that the move was a valuation call. BidaskClub downgraded shares of Hostess Brands from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Hostess Brands in a research note on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hostess Brands presently has an average rating of “Hold” and an average target price of $16.78.
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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