Dimensional Fund Advisors LP Boosts Position in Hostess Brands Inc (TWNK)

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Dimensional Fund Advisors LP boosted its holdings in Hostess Brands Inc (NASDAQ:TWNK) by 12.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,402,025 shares of the company’s stock after buying an additional 686,428 shares during the period. Dimensional Fund Advisors LP’s holdings in Hostess Brands were worth $70,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in Hostess Brands by 63.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock valued at $70,000 after buying an additional 2,479 shares during the period. Quantamental Technologies LLC purchased a new position in Hostess Brands in the fourth quarter valued at approximately $36,000. United Services Automobile Association raised its holdings in Hostess Brands by 7.0% in the fourth quarter. United Services Automobile Association now owns 55,325 shares of the company’s stock valued at $605,000 after buying an additional 3,640 shares during the period. Teachers Advisors LLC raised its holdings in Hostess Brands by 2.1% in the third quarter. Teachers Advisors LLC now owns 191,651 shares of the company’s stock valued at $2,122,000 after buying an additional 4,017 shares during the period. Finally, M&T Bank Corp raised its holdings in Hostess Brands by 13.9% in the fourth quarter. M&T Bank Corp now owns 37,336 shares of the company’s stock valued at $409,000 after buying an additional 4,549 shares during the period. Hedge funds and other institutional investors own 84.42% of the company’s stock.

In other news, Director C. Dean Metropoulos sold 1,834,300 shares of Hostess Brands stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.31, for a total transaction of $24,414,533.00. Following the sale, the director now owns 458,939 shares in the company, valued at $6,108,478.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the sale, the insider now directly owns 6,165,700 shares of the company’s stock, valued at approximately $82,065,467. The disclosure for this sale can be found here. Insiders have sold 9,174,376 shares of company stock worth $121,699,913 in the last quarter. Insiders own 24.60% of the company’s stock.

TWNK opened at $13.36 on Thursday. The company has a market cap of $1.77 billion, a PE ratio of 24.74 and a beta of 0.55. Hostess Brands Inc has a 52-week low of $9.86 and a 52-week high of $14.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 2.19.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $222.74 million for the quarter, compared to analyst estimates of $210.90 million. Hostess Brands had a net margin of 6.96% and a return on equity of 3.60%. Equities research analysts predict that Hostess Brands Inc will post 0.62 EPS for the current fiscal year.

Several research firms recently commented on TWNK. JPMorgan Chase & Co. restated an “overweight” rating and issued a $14.00 price target on shares of Hostess Brands in a report on Thursday, May 9th. BidaskClub upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. TheStreet upgraded shares of Hostess Brands from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, Deutsche Bank upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $15.00 in a research note on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Hostess Brands presently has an average rating of “Hold” and a consensus target price of $13.00.

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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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