Hostess Brands Inc (NASDAQ:TWNK) Holdings Cut by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lessened its holdings in shares of Hostess Brands Inc (NASDAQ:TWNK) by 21.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 929,597 shares of the company’s stock after selling 251,649 shares during the period. Parametric Portfolio Associates LLC’s holdings in Hostess Brands were worth $11,620,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new position in Hostess Brands during the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. grew its holdings in Hostess Brands by 63.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock worth $70,000 after purchasing an additional 2,479 shares during the last quarter. O Brien Greene & Co. Inc acquired a new stake in shares of Hostess Brands during the fourth quarter worth $109,000. Mackenzie Financial Corp acquired a new stake in shares of Hostess Brands during the fourth quarter worth $118,000. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Hostess Brands by 132.2% during the fourth quarter. Great West Life Assurance Co. Can now owns 11,145 shares of the company’s stock worth $118,000 after buying an additional 6,345 shares during the period. Institutional investors and hedge funds own 84.86% of the company’s stock.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $14.00 price objective on shares of Hostess Brands in a research note on Thursday, May 9th. BidaskClub upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Evercore ISI assumed coverage on shares of Hostess Brands in a research note on Tuesday. They set an “outperform” rating and a $16.00 price objective for the company. Deutsche Bank upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $12.00 to $15.00 in a research note on Tuesday, April 2nd. Finally, TheStreet upgraded shares of Hostess Brands from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.50.

In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $82,065,467.00. Following the completion of the transaction, the insider now owns 6,165,700 shares in the company, valued at $82,065,467. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director C. Dean Metropoulos sold 1,834,300 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.31, for a total transaction of $24,414,533.00. Following the completion of the transaction, the director now owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The disclosure for this sale can be found here. Insiders have sold 9,174,376 shares of company stock valued at $121,699,913 over the last 90 days. 23.60% of the stock is currently owned by insiders.

NASDAQ TWNK traded up $0.23 on Wednesday, reaching $13.60. 13,076 shares of the company’s stock traded hands, compared to its average volume of 956,602. The company has a market capitalization of $1.73 billion, a PE ratio of 25.19 and a beta of 0.50. Hostess Brands Inc has a fifty-two week low of $9.86 and a fifty-two week high of $14.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.19 and a quick ratio of 1.91.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $222.74 million during the quarter, compared to the consensus estimate of $210.90 million. Hostess Brands had a net margin of 6.96% and a return on equity of 3.60%. Research analysts expect that Hostess Brands Inc will post 0.62 earnings per share for the current year.

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Hostess Brands 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 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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