Kennedy Capital Management Inc. raised its holdings in shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,736 shares of the credit services provider’s stock after buying an additional 12,471 shares during the period. Kennedy Capital Management Inc.’s holdings in Blackhawk Network were worth $5,089,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in HAWK. Aperio Group LLC purchased a new position in shares of Blackhawk Network during the third quarter valued at approximately $205,000. Principal Financial Group Inc. boosted its position in shares of Blackhawk Network by 33.4% during the third quarter. Principal Financial Group Inc. now owns 10,149 shares of the credit services provider’s stock valued at $445,000 after buying an additional 2,539 shares during the period. Anchor Capital Advisors LLC boosted its position in shares of Blackhawk Network by 25.8% during the third quarter. Anchor Capital Advisors LLC now owns 266,619 shares of the credit services provider’s stock valued at $11,678,000 after buying an additional 54,605 shares during the period. New York State Common Retirement Fund boosted its position in shares of Blackhawk Network by 23.9% during the third quarter. New York State Common Retirement Fund now owns 149,805 shares of the credit services provider’s stock valued at $6,561,000 after buying an additional 28,935 shares during the period. Finally, Comerica Bank purchased a new position in shares of Blackhawk Network during the third quarter valued at approximately $735,000. Institutional investors and hedge funds own 94.59% of the company’s stock.
HAWK has been the subject of a number of research reports. BidaskClub lowered Blackhawk Network from a “sell” rating to a “strong sell” rating in a report on Friday, December 22nd. First Analysis lowered Blackhawk Network from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. SunTrust Banks lowered Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Craig Hallum lowered Blackhawk Network from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Thirteen investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $46.10.
Blackhawk Network (NASDAQ:HAWK) last issued its quarterly earnings data on Tuesday, February 27th. The credit services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. The company had revenue of $423.18 million during the quarter, compared to the consensus estimate of $384.70 million. Blackhawk Network had a negative net margin of 6.98% and a negative return on equity of 18.94%. analysts forecast that Blackhawk Network Holdings Inc will post 0.55 EPS for the current fiscal year.
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About Blackhawk Network
Blackhawk Network Holdings, Inc is a prepaid payment network. The Company operates through three segments: U.S. Retail, International, and Incentives & Rewards. The U.S. Retail segment is engaged in the sale of prepaid products to consumers at its retail distribution partners and online and the sale of telecom handsets to retail distribution partners for resale to consumers.
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