Shares of Hostess Brands Inc (NASDAQ:GRSHU) shot up 0.9% during trading on Monday . The stock traded as high as $11.10 and last traded at $11.10, 16,900 shares changed hands during mid-day trading. An increase of 205% from the average session volume of 5,550 shares. The stock had previously closed at $11.00.
The company has a fifty day moving average of $10.86 and a 200 day moving average of $10.64.
A number of hedge funds have recently made changes to their positions in GRSHU. Cowen Investment Management LLC bought a new position in shares of Hostess Brands during the 3rd quarter worth approximately $1,583,000. Cowen Inc. bought a new position in shares of Hostess Brands during the 2nd quarter worth approximately $2,097,000. Polar Asset Management Partners Inc. boosted its holdings in shares of Hostess Brands by 26.3% during the 2nd quarter. Polar Asset Management Partners Inc. now owns 480,000 shares of the company’s stock worth $5,057,000 after buying an additional 100,000 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Hostess Brands by 1,085.0% during the 3rd quarter. Millennium Management LLC now owns 2,850,000 shares of the company’s stock worth $30,067,000 after buying an additional 2,609,499 shares in the last quarter.
Hostess Brands, Inc, formerly Gores Holdings, Inc, is a packaged food company. The Company’s segments include Sweet Baked Goods and Other. The Company is focused on developing, manufacturing, marketing, selling and distributing fresh baked sweet goods in the United States. The Company, through its subsidiary, Hostess Holdings, L.P., produces a range of treats, including Ding Dongs, Ho Hos, Donettes and Fruit Pies, in addition to Twinkies and CupCakes.
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