SG Americas Securities LLC lessened its stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) by 32.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,702 shares of the company’s stock after selling 12,114 shares during the quarter. SG Americas Securities LLC’s holdings in Hostess Brands were worth $597,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in TWNK. BlackRock Inc. grew its holdings in Hostess Brands by 103.5% during the 1st quarter. BlackRock Inc. now owns 24,077,759 shares of the company’s stock valued at $528,266,000 after buying an additional 12,247,765 shares in the last quarter. Vanguard Group Inc. grew its holdings in Hostess Brands by 18.5% during the 1st quarter. Vanguard Group Inc. now owns 15,734,264 shares of the company’s stock valued at $345,209,000 after buying an additional 2,458,428 shares in the last quarter. State Street Corp grew its holdings in Hostess Brands by 81.7% during the 1st quarter. State Street Corp now owns 4,948,920 shares of the company’s stock valued at $108,579,000 after buying an additional 2,225,559 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Hostess Brands during the 2nd quarter valued at about $43,009,000. Finally, Loomis Sayles & Co. L P purchased a new position in Hostess Brands during the 2nd quarter valued at about $18,706,000.
Hostess Brands Price Performance
Shares of Hostess Brands stock opened at $21.81 on Monday. The company has a quick ratio of 1.81, a current ratio of 2.08 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.92 billion, a PE ratio of 18.18 and a beta of 0.60. The business has a 50 day moving average of $24.17 and a 200 day moving average of $23.85. Hostess Brands, Inc. has a 52 week low of $18.97 and a 52 week high of $29.00.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on TWNK shares. StockNews.com started coverage on Hostess Brands in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group boosted their price objective on Hostess Brands from $26.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, November 3rd. Morgan Stanley downgraded Hostess Brands from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $30.00 to $25.00 in a research report on Tuesday, December 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Hostess Brands from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $26.71.
Hostess Brands Profile
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.
Further Reading
- Get a free copy of the StockNews.com research report on Hostess Brands (TWNK)
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