Castleark Management LLC acquired a new stake in shares of HOSTESS BRANDS (NASDAQ:TWNK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 659,495 shares of the company’s stock, valued at approximately $10,618,000. Castleark Management LLC owned approximately 0.66% of HOSTESS BRANDS at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC bought a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at about $118,956,000. Vanguard Group Inc. lifted its holdings 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 valued at $107,791,000 after purchasing an additional 2,428,469 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of HOSTESS BRANDS by 61.8% during the 2nd quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock valued at $100,863,000 after purchasing an additional 2,393,253 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at about $87,922,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of HOSTESS BRANDS by 1.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,564,150 shares of the company’s stock valued at $57,383,000 after purchasing an additional 63,550 shares in the last quarter. Institutional investors and hedge funds own 77.51% of the company’s stock.
In other news, CEO William Douglas Toler acquired 75,000 shares of HOSTESS BRANDS stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $13.86 per share, with a total value of $1,039,500.00. Following the completion of the purchase, the chief executive officer now owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Michael John Cramer acquired 5,000 shares of HOSTESS BRANDS stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $13.98 per share, with a total value of $69,900.00. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.
HOSTESS BRANDS (NASDAQ:TWNK) last released its earnings results on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $203.18 million during the quarter, compared to analyst estimates of $205.41 million.
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HOSTESS BRANDS Company Profile
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.
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