California State Teachers Retirement System Sells 13,683 Shares of Hostess Brands, Inc. (TWNK)

California State Teachers Retirement System reduced its stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 128,117 shares of the company’s stock after selling 13,683 shares during the period. California State Teachers Retirement System owned 0.10% of Hostess Brands worth $1,750,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. California Public Employees Retirement System boosted its holdings in shares of Hostess Brands by 8.0% during the 2nd quarter. California Public Employees Retirement System now owns 36,600 shares of the company’s stock worth $589,000 after purchasing an additional 2,700 shares during the last quarter. Scholtz & Company LLC boosted its holdings in shares of Hostess Brands by 2.5% during the 2nd quarter. Scholtz & Company LLC now owns 120,265 shares of the company’s stock worth $1,936,000 after purchasing an additional 2,960 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its holdings in shares of Hostess Brands by 4.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 104,860 shares of the company’s stock worth $1,577,000 after purchasing an additional 4,435 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Hostess Brands by 33.1% during the 3rd quarter. Legal & General Group Plc now owns 25,864 shares of the company’s stock worth $354,000 after purchasing an additional 6,430 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Hostess Brands by 8.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 83,353 shares of the company’s stock worth $1,139,000 after purchasing an additional 6,636 shares during the last quarter. Institutional investors and hedge funds own 78.60% of the company’s stock.

Several research analysts have recently weighed in on TWNK shares. Morgan Stanley started coverage on Hostess Brands in a report on Monday, September 25th. They set an “equal weight” rating and a $14.00 target price on the stock. UBS Group cut Hostess Brands from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $16.00 to $11.00 in a report on Friday, October 13th. JPMorgan Chase & Co. assumed coverage on Hostess Brands in a report on Wednesday, October 11th. They set a “neutral” rating and a $15.00 target price on the stock. Zacks Investment Research lowered shares of Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 price target on shares of Hostess Brands in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Hostess Brands presently has a consensus rating of “Hold” and a consensus price target of $16.89.

Shares of Hostess Brands, Inc. (TWNK) opened at $14.66 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $198.42 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The business’s revenue was down 2.0% on a year-over-year basis. sell-side analysts forecast that Hostess Brands, Inc. will post 0.61 earnings per share for the current year.

In other news, CEO William Douglas Toler purchased 50,000 shares of Hostess Brands stock in a transaction dated Friday, November 24th. The shares were purchased at an average price of $12.88 per share, with a total value of $644,000.00. Following the transaction, the chief executive officer now owns 250,000 shares in the company, valued at $3,220,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Neil P. Defeo purchased 10,000 shares of Hostess Brands stock in a transaction dated Friday, November 24th. The shares were purchased at an average cost of $12.96 per share, for a total transaction of $129,600.00. Following the transaction, the director now owns 16,482 shares in the company, valued at approximately $213,606.72. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by insiders.

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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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