Victory Capital Management Inc. trimmed its holdings in shares of Hostess Brands Inc (NASDAQ:TWNK) by 55.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,627,691 shares of the company’s stock after selling 2,024,943 shares during the quarter. Victory Capital Management Inc. owned about 1.25% of Hostess Brands worth $18,019,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its stake in Hostess Brands by 24.1% during the second quarter. BlackRock Inc. now owns 6,357,836 shares of the company’s stock worth $86,466,000 after purchasing an additional 1,232,929 shares during the period. River Road Asset Management LLC raised its stake in shares of Hostess Brands by 6.6% in the second quarter. River Road Asset Management LLC now owns 5,463,041 shares of the company’s stock valued at $74,297,000 after acquiring an additional 338,640 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hostess Brands by 21.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,828,961 shares of the company’s stock valued at $65,674,000 after acquiring an additional 861,968 shares during the last quarter. Channing Capital Management LLC raised its stake in shares of Hostess Brands by 6.1% in the second quarter. Channing Capital Management LLC now owns 4,061,789 shares of the company’s stock valued at $55,240,000 after acquiring an additional 235,048 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Hostess Brands by 28.8% in the second quarter. Wells Fargo & Company MN now owns 1,669,338 shares of the company’s stock valued at $22,704,000 after purchasing an additional 373,487 shares in the last quarter. 85.15% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on TWNK. BidaskClub raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered shares of Hostess Brands from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Citigroup began coverage on shares of Hostess Brands in a report on Wednesday, September 26th. They set a “neutral” rating and a $13.00 target price for the company. JPMorgan Chase & Co. raised shares of Hostess Brands from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $13.00 to $14.00 in a report on Thursday. Finally, UBS Group set a $12.00 target price on shares of Hostess Brands and gave the stock a “hold” rating in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.70.

NASDAQ:TWNK traded down $0.17 on Friday, hitting $11.71. 1,238,913 shares of the company’s stock were exchanged, compared to its average volume of 721,417. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.13 and a quick ratio of 1.85. Hostess Brands Inc has a 52 week low of $9.86 and a 52 week high of $15.40. The stock has a market capitalization of $1.55 billion, a PE ratio of 18.59 and a beta of 0.34.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $208.64 million. Hostess Brands had a return on equity of 3.76% and a net margin of 27.74%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. On average, analysts anticipate that Hostess Brands Inc will post 0.53 earnings per share for the current fiscal year.

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Hostess Brands Company Profile

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.

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

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