Monarch Partners Asset Management LLC Sells 314,252 Shares of Hostess Brands (TWNK)
Monarch Partners Asset Management LLC decreased its stake in shares of Hostess Brands (NASDAQ:TWNK) by 30.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 702,562 shares of the company’s stock after selling 314,252 shares during the quarter. Monarch Partners Asset Management LLC owned about 0.70% of Hostess Brands worth $9,597,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in TWNK. Ameritas Investment Partners Inc. purchased a new position in Hostess Brands during the second quarter valued at $113,000. BNP Paribas Arbitrage SA raised its stake in shares of Hostess Brands by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after purchasing an additional 8,889 shares during the last quarter. Amalgamated Bank purchased a new position in shares of Hostess Brands in the second quarter worth $170,000. KCG Holdings Inc. purchased a new position in shares of Hostess Brands in the first quarter worth $187,000. Finally, First Personal Financial Services raised its stake in shares of Hostess Brands by 76.7% in the second quarter. First Personal Financial Services now owns 11,760 shares of the company’s stock worth $189,000 after purchasing an additional 5,103 shares during the last quarter. Institutional investors and hedge funds own 76.17% of the company’s stock.
In other news, CEO William Douglas Toler acquired 75,000 shares of Hostess Brands stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the transaction, the chief executive officer now owns 560,000 shares in the company, valued at $7,761,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael John Cramer acquired 5,000 shares of Hostess Brands stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $13.98 per share, with a total value of $69,900.00. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by corporate insiders.
TWNK has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of Hostess Brands in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, July 13th. Morgan Stanley initiated coverage on Hostess Brands in a research note on Monday, September 25th. They issued an “equal weight” rating and a $14.00 price target for the company. J P Morgan Chase & Co initiated coverage on Hostess Brands in a research note on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price target for the company. Finally, UBS AG initiated coverage on Hostess Brands in a research note on Monday, July 31st. They issued a “neutral” rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Hostess Brands has a consensus rating of “Buy” and a consensus price target of $16.33.
Hostess Brands (NASDAQ:TWNK) traded down $0.26 during mid-day trading on Monday, hitting $11.55. The stock had a trading volume of 615,146 shares, compared to its average volume of 2,032,316. The company has a quick ratio of 1.71, a current ratio of 2.04 and a debt-to-equity ratio of 0.78.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $203.18 million during the quarter, compared to the consensus estimate of $205.41 million. research analysts expect that Hostess Brands will post 0.6 EPS for the current fiscal year.
About Hostess Brands
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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