SG Americas Securities LLC Sells 12,114 Shares of Hostess Brands, Inc. (NASDAQ:TWNK)

SG Americas Securities LLC lessened its stake in shares of Hostess Brands, Inc. (NASDAQ:TWNKGet 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.

Hostess Brands (NASDAQ:TWNKGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $346.23 million during the quarter, compared to the consensus estimate of $322.43 million. Hostess Brands had a return on equity of 7.66% and a net margin of 12.75%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, equities research analysts forecast that Hostess Brands, Inc. will post 0.97 earnings per share for the current year.

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

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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

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

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