Vaughan Nelson Investment Management L.P. Buys 63,550 Shares of Hostess Brands (TWNK)

Vaughan Nelson Investment Management L.P. boosted its stake in Hostess Brands (NASDAQ:TWNK) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,564,150 shares of the company’s stock after buying an additional 63,550 shares during the period. Vaughan Nelson Investment Management L.P. owned about 3.56% of Hostess Brands worth $57,383,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Parametric Portfolio Associates LLC acquired a new stake in shares of Hostess Brands during the first quarter worth $5,720,000. Ameriprise Financial Inc. boosted its stake in shares of Hostess Brands by 194.2% in the first quarter. Ameriprise Financial Inc. now owns 343,026 shares of the company’s stock worth $5,444,000 after buying an additional 226,424 shares during the period. First Personal Financial Services acquired a new stake in shares of Hostess Brands during the first quarter worth $106,000. TD Asset Management Inc. acquired a new stake in shares of Hostess Brands during the first quarter worth $31,586,000. Finally, Sei Investments Co. acquired a new stake in shares of Hostess Brands during the first quarter worth $166,000. 89.74% of the stock is owned by institutional investors.

Hostess Brands (TWNK) traded up 6.11% during midday trading on Friday, reaching $13.90. 2,472,060 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $15.57 and its 200 day moving average is $15.73. Hostess Brands has a 1-year low of $10.48 and a 1-year high of $17.18. The stock’s market cap is $1.39 billion.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $203.18 million during the quarter, compared to analysts’ expectations of $205.41 million. Equities analysts anticipate that Hostess Brands will post $0.60 earnings per share for the current fiscal year.

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TWNK has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. Deutsche Bank AG set a $19.00 price objective on shares of Hostess Brands and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Stephens assumed coverage on shares of Hostess Brands in a research report on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 target price for the company. BidaskClub upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, UBS AG began coverage on shares of Hostess Brands in a research report on Monday, July 31st. They issued a “neutral” rating and a $16.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $17.83.

In other news, insider William Douglas Toler purchased 50,000 shares of Hostess Brands stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average cost of $15.85 per share, with a total value of $792,500.00. Following the completion of the purchase, the insider now directly owns 485,000 shares in the company, valued at $7,687,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cdm Hostess Class C, Llc sold 330,000 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $16.44, for a total value of $5,425,200.00. Following the completion of the sale, the insider now directly owns 195,000 shares in the company, valued at $3,205,800. The disclosure for this sale can be found here. 25.50% of the stock is owned by corporate insiders.

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.

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

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