Hostess Brands, Inc. (NASDAQ:TWNK) insider Cdm Hostess Class C, Llc sold 600,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 19th. The stock was sold at an average price of $15.25, for a total value of $9,150,000.00. Following the transaction, the insider now directly owns 521,739 shares in the company, valued at $7,956,519.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hostess Brands, Inc. (NASDAQ:TWNK) opened at 16.14 on Friday. The firm’s market capitalization is $1.59 billion. Hostess Brands, Inc. has a 12 month low of $9.50 and a 12 month high of $16.48. The stock’s 50 day moving average price is $15.78 and its 200-day moving average price is $13.73.
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A hedge fund recently bought a new stake in Hostess Brands stock. Hudson Bay Capital Management LP acquired a new stake in Hostess Brands, Inc. (NASDAQ:TWNK) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 466,428 shares of the company’s stock, valued at approximately $6,064,000. Hudson Bay Capital Management LP owned approximately 0.47% of Hostess Brands as of its most recent SEC filing. Institutional investors and hedge funds own 36.87% of the company’s stock.
TWNK has been the topic of a number of research reports. Zacks Investment Research lowered Hostess Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. CL King initiated coverage on Hostess Brands in a research report on Tuesday, February 14th. They set a “strong-buy” rating and a $20.00 target price on the stock. Finally, Deutsche Bank AG initiated coverage on Hostess Brands in a research report on Wednesday, February 15th. They set a “buy” rating and a $18.00 target price on the stock.
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