Russell Investments Group Ltd. lowered its stake in Hostess Brands Inc (NASDAQ:TWNK) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 449,486 shares of the company’s stock after selling 11,729 shares during the quarter. Russell Investments Group Ltd. owned about 0.34% of Hostess Brands worth $6,491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Diversified Trust Co lifted its stake in Hostess Brands by 5.3% in the 1st quarter. Diversified Trust Co now owns 29,875 shares of the company’s stock valued at $373,000 after purchasing an additional 1,500 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Hostess Brands during the second quarter worth $29,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hostess Brands by 55.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,753 shares of the company’s stock worth $141,000 after purchasing an additional 3,484 shares during the period. CENTRAL TRUST Co acquired a new position in Hostess Brands in the second quarter valued at $51,000. Finally, King Luther Capital Management Corp lifted its holdings in Hostess Brands by 1.7% in the first quarter. King Luther Capital Management Corp now owns 216,285 shares of the company’s stock valued at $2,704,000 after buying an additional 3,565 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Hostess Brands stock traded up $0.02 during mid-day trading on Friday, reaching $14.18. 3,089 shares of the company’s stock traded hands, compared to its average volume of 1,397,818. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 26.22 and a beta of 0.55. The stock has a 50 day moving average of $14.08 and a two-hundred day moving average of $13.44. The company has a quick ratio of 1.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Hostess Brands Inc has a 12-month low of $9.86 and a 12-month high of $14.86.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. The business had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $225.98 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hostess Brands Inc will post 0.61 earnings per share for the current year.

In other news, Director C. Dean Metropoulos sold 455,400 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $6,375,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cdm Hostess Class C, Llc sold 962,472 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $13,474,608.00. The disclosure for this sale can be found here. Insiders own 24.60% of the company’s stock.

TWNK has been the subject of a number of recent analyst reports. DA Davidson began coverage on shares of Hostess Brands in a research report on Wednesday, June 19th. They issued a “buy” rating and a $16.00 price objective for the company. TheStreet cut shares of Hostess Brands from a “b” rating to a “f” rating in a research note on Thursday, July 18th. BidaskClub cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley increased their target price on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 17th. Finally, SunTrust Banks reissued a “hold” rating and issued a $17.00 price target on shares of Hostess Brands in a report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.78.

About Hostess Brands

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

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

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