Hostess Brands, Inc. (TWNK) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in shares of Hostess Brands, Inc. (NASDAQ:TWNK) by 28.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 298,225 shares of the company’s stock after selling 117,645 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Hostess Brands were worth $4,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Hostess Brands by 31.3% during the 3rd quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after acquiring an additional 2,316,041 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hostess Brands by 56.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock worth $107,791,000 after acquiring an additional 2,428,469 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hostess Brands by 112.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock worth $28,989,000 after acquiring an additional 1,121,008 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Hostess Brands during the 2nd quarter worth about $27,074,000. Finally, Channing Capital Management LLC acquired a new stake in shares of Hostess Brands during the 3rd quarter worth about $18,584,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

In related news, CEO William Douglas Toler bought 50,000 shares of the stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $12.88 per share, for a total transaction of $644,000.00. Following the purchase, the chief executive officer now owns 250,000 shares of the company’s stock, valued at approximately $3,220,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Neil P. Defeo bought 10,000 shares of the stock in a transaction on Friday, November 24th. The stock was bought at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the completion of the purchase, the director now directly owns 16,482 shares in the company, valued at approximately $213,606.72. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.

Several equities research analysts have recently weighed in on TWNK shares. UBS Group lowered Hostess Brands from a “neutral” rating to a “sell” rating and cut their target price for the stock from $16.00 to $11.00 in a research report on Friday, October 13th. JPMorgan Chase & Co. started coverage on Hostess Brands in a research note on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price target on the stock. Zacks Investment Research downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Royal Bank of Canada restated a “buy” rating and set a $16.00 price target on shares of Hostess Brands in a research note on Wednesday, October 25th. Finally, BidaskClub downgraded Hostess Brands from a “sell” rating to a “strong sell” rating in a research note on Saturday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.78.

Hostess Brands, Inc. (NASDAQ:TWNK) opened at $13.12 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88. Hostess Brands, Inc. has a 12 month low of $11.00 and a 12 month high of $17.18.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. analysts predict that Hostess Brands, Inc. will post 0.61 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Hostess Brands, Inc. (TWNK) Shares Sold by Kornitzer Capital Management Inc. KS” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://sportsperspectives.com/2018/02/04/hostess-brands-inc-twnk-shares-sold-by-kornitzer-capital-management-inc-ks.html.

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.

Want to see what other hedge funds are holding TWNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hostess Brands, Inc. (NASDAQ:TWNK).

Institutional Ownership by Quarter for Hostess Brands (NASDAQ:TWNK)

Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply