Chicago Equity Partners LLC Purchases Shares of 274,633 Hostess Brands Inc (TWNK)

Chicago Equity Partners LLC purchased a new position in shares of Hostess Brands Inc (NASDAQ:TWNK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 274,633 shares of the company’s stock, valued at approximately $3,004,000.

Other hedge funds have also recently modified their holdings of the company. M&T Bank Corp lifted its holdings in shares of Hostess Brands by 13.9% during the 4th quarter. M&T Bank Corp now owns 37,336 shares of the company’s stock valued at $409,000 after buying an additional 4,549 shares during the period. Rhumbline Advisers lifted its holdings in shares of Hostess Brands by 41.4% during the 4th quarter. Rhumbline Advisers now owns 146,221 shares of the company’s stock valued at $1,600,000 after buying an additional 42,799 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of Hostess Brands in the 4th quarter worth $36,000. Diversified Trust Co increased its stake in shares of Hostess Brands by 26.8% in the 4th quarter. Diversified Trust Co now owns 28,375 shares of the company’s stock worth $310,000 after purchasing an additional 6,004 shares in the last quarter. Finally, Fenimore Asset Management Inc. increased its stake in shares of Hostess Brands by 16.9% in the 4th quarter. Fenimore Asset Management Inc. now owns 1,396,371 shares of the company’s stock worth $15,276,000 after purchasing an additional 201,650 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TWNK opened at $11.80 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 2.13 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.51 billion, a PE ratio of 18.73 and a beta of 0.49. Hostess Brands Inc has a one year low of $9.86 and a one year high of $14.98.

TWNK has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded Hostess Brands from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $14.00 in a research note on Thursday, December 6th. Royal Bank of Canada reduced their price objective on Hostess Brands from $14.00 to $12.00 and set a “sector perform” rating for the company in a research note on Thursday, November 8th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, BidaskClub lowered Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.11.

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Hostess Brands Profile

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.

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

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