Barclays PLC Increases Position in Hostess Brands Inc (NASDAQ:TWNK)

Barclays PLC raised its holdings in shares of Hostess Brands Inc (NASDAQ:TWNK) by 92.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,663 shares of the company’s stock after buying an additional 111,531 shares during the period. Barclays PLC’s holdings in Hostess Brands were worth $3,241,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TWNK. Public Employees Retirement System of Ohio boosted its holdings in shares of Hostess Brands by 7.9% in the third quarter. Public Employees Retirement System of Ohio now owns 187,248 shares of the company’s stock valued at $2,619,000 after purchasing an additional 13,712 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Hostess Brands by 2.9% in the third quarter. Parametric Portfolio Associates LLC now owns 959,483 shares of the company’s stock valued at $13,418,000 after purchasing an additional 26,747 shares during the period. California State Teachers Retirement System boosted its holdings in shares of Hostess Brands by 20.8% in the third quarter. California State Teachers Retirement System now owns 186,228 shares of the company’s stock valued at $2,604,000 after purchasing an additional 32,012 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of Hostess Brands in the third quarter valued at approximately $3,569,000. Finally, River Road Asset Management LLC boosted its holdings in shares of Hostess Brands by 29.0% in the third quarter. River Road Asset Management LLC now owns 9,431,101 shares of the company’s stock valued at $131,894,000 after purchasing an additional 2,119,335 shares during the period.

Shares of NASDAQ TWNK opened at $13.85 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.49 and a current ratio of 2.73. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 25.65 and a beta of 0.54. The stock has a 50 day moving average price of $13.21 and a 200 day moving average price of $13.78. Hostess Brands Inc has a 52-week low of $10.29 and a 52-week high of $14.86.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $227.21 million during the quarter, compared to analyst estimates of $212.80 million. Hostess Brands had a return on equity of 4.19% and a net margin of 5.88%. Hostess Brands’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 earnings per share. Analysts forecast that Hostess Brands Inc will post 0.61 earnings per share for the current year.

A number of brokerages recently issued reports on TWNK. BidaskClub upgraded Hostess Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, November 9th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, SunTrust Banks lowered their price target on Hostess Brands from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.50.

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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