Shell Asset Management Co. Lowers Stock Position in Hostess Brands, Inc. (NASDAQ:TWNK)

Shell Asset Management Co. lessened its holdings in Hostess Brands, Inc. (NASDAQ:TWNKGet Rating) by 12.9% during the first quarter, Holdings Channel.com reports. The firm owned 15,853 shares of the company’s stock after selling 2,345 shares during the quarter. Shell Asset Management Co.’s holdings in Hostess Brands were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TWNK. Ensign Peak Advisors Inc purchased a new stake in Hostess Brands in the 4th quarter valued at approximately $143,000. Everence Capital Management Inc. acquired a new stake in shares of Hostess Brands during the 1st quarter valued at approximately $206,000. Truist Financial Corp acquired a new stake in shares of Hostess Brands during the 1st quarter valued at approximately $217,000. Advisor Group Holdings Inc. lifted its position in shares of Hostess Brands by 5.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,023 shares of the company’s stock valued at $245,000 after acquiring an additional 586 shares during the period. Finally, Quantedge Capital Pte Ltd acquired a new stake in shares of Hostess Brands during the 4th quarter valued at approximately $280,000.

Insiders Place Their Bets

In other Hostess Brands news, insider Michael Gernigin sold 7,060 shares of Hostess Brands stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $21.38, for a total value of $150,942.80. Following the completion of the sale, the insider now directly owns 6,922 shares of the company’s stock, valued at approximately $147,992.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Michael John Cramer sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $22.15, for a total transaction of $553,750.00. Following the completion of the sale, the insider now directly owns 43,408 shares of the company’s stock, valued at approximately $961,487.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Gernigin sold 7,060 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $21.38, for a total transaction of $150,942.80. Following the sale, the insider now directly owns 6,922 shares of the company’s stock, valued at $147,992.36. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TWNK shares. JPMorgan Chase & Co. lifted their price target on shares of Hostess Brands from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, June 21st. Citigroup lifted their price target on shares of Hostess Brands from $26.00 to $28.00 in a research report on Thursday, May 5th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Hostess Brands currently has an average rating of “Moderate Buy” and a consensus target price of $25.57.

Hostess Brands Trading Down 0.2 %

Shares of Hostess Brands stock opened at $22.12 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.32 and a quick ratio of 2.04. Hostess Brands, Inc. has a 1 year low of $15.20 and a 1 year high of $24.27. The company has a market capitalization of $3.07 billion, a P/E ratio of 24.31 and a beta of 0.59. The business has a 50 day moving average price of $21.03 and a 200 day moving average price of $21.34.

Hostess Brands (NASDAQ:TWNKGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Hostess Brands had a return on equity of 7.64% and a net margin of 10.16%. During the same quarter in the prior year, the company posted $0.23 earnings per share. Sell-side analysts anticipate that Hostess Brands, Inc. will post 0.97 EPS for the current fiscal year.

Hostess Brands Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding TWNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hostess Brands, Inc. (NASDAQ:TWNKGet Rating).

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

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