SG Americas Securities LLC Reduces Position in Hostess Brands, Inc. (NASDAQ:TWNK)

SG Americas Securities LLC cut its holdings in shares of Hostess Brands, Inc. (NASDAQ:TWNKGet Rating) by 32.0% during the 3rd quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. James Investment Research Inc. purchased a new stake in shares of Hostess Brands during the second quarter valued at $34,000. CoreCap Advisors LLC purchased a new stake in shares of Hostess Brands during the second quarter valued at $40,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Hostess Brands during the second quarter valued at $47,000. Captrust Financial Advisors boosted its position in shares of Hostess Brands by 31.3% during the second quarter. Captrust Financial Advisors now owns 2,711 shares of the company’s stock valued at $58,000 after buying an additional 647 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Hostess Brands by 363.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,449 shares of the company’s stock valued at $73,000 after acquiring an additional 2,705 shares during the period.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. StockNews.com assumed coverage on Hostess Brands in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group increased their target price on Hostess Brands from $26.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, November 3rd. JPMorgan Chase & Co. increased their target price on Hostess Brands from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, November 3rd. Finally, Morgan Stanley downgraded Hostess Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $30.00 to $25.00 in a report on Tuesday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.71.

Hostess Brands Stock Down 1.4 %

NASDAQ TWNK opened at $21.81 on Monday. The stock’s 50-day moving average price is $24.17 and its 200-day moving average price is $23.85. The company has a quick ratio of 1.81, a current ratio of 2.08 and a debt-to-equity ratio of 0.61. Hostess Brands, Inc. has a 52 week low of $18.97 and a 52 week high of $29.00. The company has a market capitalization of $2.92 billion, a P/E ratio of 18.18 and a beta of 0.60.

Hostess Brands (NASDAQ:TWNKGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $346.23 million for 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 business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. On average, equities research analysts predict that Hostess Brands, Inc. will post 0.97 earnings per share for the current year.

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

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

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