PNC Financial Services Group Inc. Increases Position in Hostess Brands Inc (NASDAQ:TWNK)

PNC Financial Services Group Inc. increased its stake in shares of Hostess Brands Inc (NASDAQ:TWNK) by 63.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,371 shares of the company’s stock after purchasing an additional 2,479 shares during the period. PNC Financial Services Group Inc.’s holdings in Hostess Brands were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new stake in Hostess Brands during the 4th quarter valued at about $36,000. Mackenzie Financial Corp purchased a new stake in Hostess Brands in the 4th quarter worth approximately $118,000. Stevens Capital Management LP purchased a new stake in Hostess Brands in the 3rd quarter worth approximately $156,000. Diversified Trust Co lifted its holdings in Hostess Brands by 58.4% in the 3rd quarter. Diversified Trust Co now owns 22,371 shares of the company’s stock worth $248,000 after buying an additional 8,250 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Hostess Brands in the 3rd quarter worth approximately $257,000. 84.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of Hostess Brands stock traded down $0.03 on Friday, reaching $12.98. The company’s stock had a trading volume of 326,721 shares, compared to its average volume of 914,269. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 24.04 and a beta of 0.51. Hostess Brands Inc has a 52 week low of $9.86 and a 52 week high of $14.88. The company has a current ratio of 2.12, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Hostess Brands had a return on equity of 3.65% and a net margin of 7.40%. The company had revenue of $214.80 million during the quarter, compared to analyst estimates of $210.94 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Hostess Brands’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Hostess Brands Inc will post 0.63 EPS for the current fiscal year.

In related news, insider Hostess Cdm Co-Invest, Llc sold 1,174,376 shares of Hostess Brands stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $12.96, for a total value of $15,219,912.96. Following the completion of the sale, the insider now owns 765,059 shares of the company’s stock, valued at $9,915,164.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 24.60% of the company’s stock.

A number of research analysts have recently commented on TWNK shares. Deutsche Bank upgraded Hostess Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $15.00 in a research note on Tuesday, April 2nd. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. TheStreet raised Hostess Brands from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Finally, BidaskClub raised Hostess Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Hostess Brands currently has an average rating of “Buy” and a consensus price target of $14.25.

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About Hostess Brands

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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