Virtu Financial LLC Purchases New Holdings in Hostess Brands, Inc. (TWNK)
Virtu Financial LLC purchased a new position in shares of Hostess Brands, Inc. (NASDAQ:TWNK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 14,422 shares of the company’s stock, valued at approximately $214,000.
Several other institutional investors have also bought and sold shares of the business. River Road Asset Management LLC bought a new position in shares of Hostess Brands in the 4th quarter worth $38,266,000. Janus Henderson Group PLC lifted its holdings in shares of Hostess Brands by 31.3% in the 3rd quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after purchasing an additional 2,316,041 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hostess Brands by 112.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock worth $28,989,000 after purchasing an additional 1,121,008 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Hostess Brands by 115.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,214,042 shares of the company’s stock worth $17,980,000 after purchasing an additional 649,882 shares in the last quarter. Finally, Monarch Partners Asset Management LLC lifted its holdings in shares of Hostess Brands by 72.9% in the 4th quarter. Monarch Partners Asset Management LLC now owns 1,214,947 shares of the company’s stock worth $17,993,000 after purchasing an additional 512,385 shares in the last quarter. Hedge funds and other institutional investors own 80.68% of the company’s stock.
A number of equities analysts recently issued reports on the company. BidaskClub cut Hostess Brands from a “sell” rating to a “strong sell” rating in a report on Saturday, February 3rd. TheStreet upgraded Hostess Brands from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Saturday, January 20th. Morgan Stanley set a $14.00 target price on Hostess Brands and gave the stock a “hold” rating in a report on Thursday, March 1st. Finally, SunTrust Banks increased their target price on Hostess Brands to $20.00 and gave the stock a “buy” rating in a report on Monday, December 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.63.
Shares of Hostess Brands stock opened at $14.30 on Thursday. The company has a market capitalization of $1,856.67, a price-to-earnings ratio of 6.62 and a beta of 1.07. Hostess Brands, Inc. has a 12-month low of $11.00 and a 12-month high of $17.18. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.18 and a quick ratio of 1.91.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $196.22 million during the quarter, compared to analyst estimates of $194.10 million. Hostess Brands had a return on equity of 4.68% and a net margin of 28.85%. Hostess Brands’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. equities analysts anticipate that Hostess Brands, Inc. will post 0.69 earnings per share for the current fiscal year.
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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