Renaissance Technologies LLC acquired a new stake in shares of Hostess Brands (NASDAQ:TWNK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 379,200 shares of the company’s stock, valued at approximately $6,018,000. Renaissance Technologies LLC owned 0.39% of Hostess Brands as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Columbus Circle Investors bought a new position in shares of Hostess Brands during the first quarter valued at $4,410,000. Nationwide Fund Advisors bought a new position in shares of Hostess Brands during the first quarter valued at $345,000. First Mercantile Trust Co. bought a new position in shares of Hostess Brands during the first quarter valued at $141,000. Russell Investments Group Ltd. boosted its position in shares of Hostess Brands by 410.0% in the first quarter. Russell Investments Group Ltd. now owns 647,693 shares of the company’s stock valued at $10,279,000 after buying an additional 520,683 shares during the last quarter. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Hostess Brands by 44.8% in the first quarter. Monarch Partners Asset Management LLC now owns 913,627 shares of the company’s stock valued at $14,499,000 after buying an additional 282,615 shares during the last quarter. Institutional investors own 86.75% of the company’s stock.
Hostess Brands (NASDAQ TWNK) opened at 15.19 on Monday. The company’s market cap is $1.51 billion. Hostess Brands has a one year low of $10.21 and a one year high of $17.18. The stock has a 50 day moving average price of $16.02 and a 200 day moving average price of $15.70.
Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Tuesday, May 9th. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The company had revenue of $184.54 million for the quarter, compared to the consensus estimate of $181.79 million. During the same quarter in the previous year, the company earned $0.08 EPS. Hostess Brands’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Hostess Brands will post $0.64 EPS for the current fiscal year.
TWNK has been the subject of several analyst reports. Zacks Investment Research cut Hostess Brands from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Deutsche Bank AG set a $19.00 price objective on Hostess Brands and gave the company a “buy” rating in a report on Wednesday, May 10th. Stephens initiated coverage on Hostess Brands in a report on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 price objective for the company. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, UBS AG initiated coverage on Hostess Brands in a report on Monday. They issued a “neutral” rating for the company. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.20.
In other news, insider William Douglas Toler acquired 50,000 shares of Hostess Brands stock in a transaction on Wednesday, May 31st. The stock was acquired at an average cost of $15.85 per share, with a total value of $792,500.00. Following the transaction, the insider now owns 485,000 shares of the company’s stock, valued at approximately $7,687,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cdm Hostess Class C, Llc sold 330,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $16.44, for a total transaction of $5,425,200.00. Following the completion of the sale, the insider now directly owns 195,000 shares of the company’s stock, valued at $3,205,800. The disclosure for this sale can be found here. Corporate insiders own 25.50% of the company’s stock.
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