Economy

Shares in Hostess Brands (TWNK) Acquired by AHL Partners LLP

Shares in Hostess Brands (TWNK) Acquired by AHL Partners LLP”

Wall Street await Hostess Brands, Inc. Finally, Nationwide Fund Advisors acquired a new position in shares of Hostess Brands during the first quarter valued at $345,000. Hostess Brands, Inc. has 99.21 million shares outstanding, and in the last trade has seen ATR around 0.32. (NASDAQ:TWNK) is a huge mover today! Short shares grew 214,267 over that period.

Shares of Hostess dropped as much as 14 percent to $11.61 in NY on Friday, the lowest intraday price since shortly after the company went public in November 2016. AHL Partners LLP owned about 0.14% of Hostess Brands as of its most recent filing with the Securities and Exchange Commission. About 263,259 shares traded. The stock's market cap is $1.18 billion. (:TWNK)'s stock about -22.13% from the 50-day high and -7.69% away from the 50-day low. Hostess Brands, Inc. (NDAQ:TWNK) has risen 69.90% since October 12, 2016 and is uptrending. The company reported $0.18 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.19 by ($0.01). This is assuming the current $0.12 EPS is accurate. Hostess Brands's revenue was up 15.2% compared to the same quarter past year. During the same period a year ago, the firm earned $0.08 EPS.

Growth in the fiscal third quarter "will probably be slow" because of competition from Mexican bakery giant Grupo Bimbo SAB and delayed orders due to the hurricanes in Texas and Florida, according to Farha Aslam, an analyst at Stephens Inc.

TWNK has been the topic of a number of recent research reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Morgan Stanley assumed coverage on shares of Hostess Brands in a report on Monday, September 25th.

JP Morgan has just issued a Neutral rating for Hostess Brands (NASDAQ:TWNK) shares. They set an "outperform" rating and a $16.00 price target for the company. On Wednesday, February 15 the stock rating was initiated by Deutsche Bank with "Buy". The target price suggests upside of 11.94 % from the current price.

In related news, major shareholder Gores Sponsor Llc sold 1,000,000 shares of the business's stock in a transaction that occurred on Wednesday, April 19th. The shares were purchased at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. While the stock price moved along with the volume change, shares are touching $12.00. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company's stock.

Several institutional investors and hedge funds have recently modified their holdings of TWNK.



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