Hostess Brands, Inc. (TWNK) Shares Sold by Eidelman Virant Capital
Eidelman Virant Capital lowered its stake in Hostess Brands, Inc. (NASDAQ:TWNK) by 37.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,000 shares of the company’s stock after selling 74,000 shares during the quarter. Eidelman Virant Capital’s holdings in Hostess Brands were worth $1,821,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in TWNK. Janus Henderson Group PLC bought a new position in Hostess Brands during the 2nd quarter valued at about $118,956,000. Vanguard Group Inc. grew its holdings in Hostess Brands by 56.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock valued at $107,791,000 after purchasing an additional 2,428,469 shares during the last quarter. Westwood Holdings Group Inc. bought a new position in Hostess Brands during the 2nd quarter valued at about $27,074,000. Channing Capital Management LLC bought a new position in Hostess Brands during the 3rd quarter valued at about $18,584,000. Finally, Dimensional Fund Advisors LP grew its holdings in Hostess Brands by 112.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock valued at $28,989,000 after purchasing an additional 1,121,008 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.
Shares of Hostess Brands, Inc. (NASDAQ:TWNK) traded up $0.13 on Monday, hitting $13.25. 474,117 shares of the stock traded hands, compared to its average volume of 878,738. Hostess Brands, Inc. has a 52-week low of $11.00 and a 52-week high of $17.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88.
TWNK has been the topic of several analyst reports. UBS Group downgraded shares of Hostess Brands from a “neutral” rating to a “sell” rating and cut their price target for the company from $16.00 to $11.00 in a report on Friday, October 13th. JPMorgan Chase & Co. initiated coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price objective for the company. Zacks Investment Research cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Royal Bank of Canada reissued a “buy” rating and issued a $16.00 price objective on shares of Hostess Brands in a research report on Wednesday, October 25th. Finally, BidaskClub cut shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.78.
In related news, insider Cdm Hostess Class C, Llc sold 25,752 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $15.30, for a total transaction of $394,005.60. Following the sale, the insider now owns 25,752 shares in the company, valued at $394,005.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Neil P. Defeo purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the transaction, the director now owns 16,482 shares of the company’s stock, valued at approximately $213,606.72. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.
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Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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