Genesee Valley Trust Co. raised its stake in Blackhawk Network Holdings Inc. (NASDAQ:HAWK) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 21,913 shares of the company’s stock after buying an additional 765 shares during the period. Genesee Valley Trust Co.’s holdings in Blackhawk Network Holdings were worth $734,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Bank of Montreal Can acquired a new stake in shares of Blackhawk Network Holdings during the second quarter valued at $279,000. TIAA CREF Trust Co. FSB MO increased its stake in shares of Blackhawk Network Holdings by 13.6% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 22,801 shares of the company’s stock valued at $763,000 after buying an additional 2,724 shares in the last quarter. AMI Asset Management Corp increased its stake in shares of Blackhawk Network Holdings by 20.8% in the second quarter. AMI Asset Management Corp now owns 500,679 shares of the company’s stock valued at $16,768,000 after buying an additional 86,366 shares in the last quarter. Reinhart Partners Inc. acquired a new stake in shares of Blackhawk Network Holdings during the second quarter valued at $1,003,000. Finally, LaSalle Street Capital Management LLC increased its stake in shares of Blackhawk Network Holdings by 1.8% in the second quarter. LaSalle Street Capital Management LLC now owns 9,890 shares of the company’s stock valued at $331,000 after buying an additional 171 shares in the last quarter. 91.35% of the stock is owned by institutional investors and hedge funds.

Shares of Blackhawk Network Holdings Inc. (NASDAQ:HAWK) traded up 4.75% during midday trading on Tuesday, reaching $30.42. The company’s stock had a trading volume of 1,127,171 shares. The company has a market cap of $1.71 billion, a P/E ratio of 75.30 and a beta of 0.64. The stock’s 50-day moving average price is $32.98 and its 200-day moving average price is $33.46. Blackhawk Network Holdings Inc. has a 12-month low of $28.88 and a 12-month high of $48.40.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its quarterly earnings data on Tuesday, July 19th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.13. Blackhawk Network Holdings had a return on equity of 15.40% and a net margin of 1.24%. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts expect that Blackhawk Network Holdings Inc. will post $1.57 EPS for the current fiscal year.

Several brokerages have weighed in on HAWK. Zacks Investment Research downgraded Blackhawk Network Holdings from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. Bank of America Corp. raised Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $45.71.

In related news, Director Arun Sarin sold 25,000 shares of the business’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $35.92, for a total value of $898,000.00. Following the sale, the director now owns 40,529 shares in the company, valued at approximately $1,455,801.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.24% of the stock is owned by corporate insiders.

Blackhawk Network Holdings Company Profile

Blackhawk Network Holdings, Inc is a prepaid payment network. The Company offers a range of prepaid gift, telecom and debit cards, in physical and electronic forms, as well as related prepaid products and payment services. The Company’s segments are US Retail, International Retail and Incentives & Rewards.

5 Day Chart for NASDAQ:HAWK

Want to see what other hedge funds are holding HAWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackhawk Network Holdings Inc. (NASDAQ:HAWK).

Receive News & Ratings for Blackhawk Network Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.