Russell Investments Group Ltd. raised its position in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 56.5% during the second quarter, Holdings Channel reports. The institutional investor owned 282,903 shares of the credit services provider’s stock after buying an additional 102,168 shares during the period. Russell Investments Group Ltd.’s holdings in Blackhawk Network Holdings were worth $12,334,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Horrell Capital Management Inc. acquired a new stake in Blackhawk Network Holdings during the second quarter worth approximately $121,000. Ameritas Investment Partners Inc. acquired a new stake in Blackhawk Network Holdings during the first quarter worth approximately $193,000. Turner Investments LLC acquired a new stake in Blackhawk Network Holdings during the first quarter worth approximately $203,000. Harbor Advisors LLC acquired a new stake in Blackhawk Network Holdings during the first quarter worth approximately $203,000. Finally, Fox Run Management L.L.C. acquired a new stake in Blackhawk Network Holdings during the first quarter worth approximately $207,000. 99.56% of the stock is currently owned by institutional investors and hedge funds.

Blackhawk Network Holdings, Inc. (HAWK) traded up 1.07% on Friday, reaching $42.35. The company had a trading volume of 516,697 shares. The company’s 50-day moving average price is $43.43 and its 200 day moving average price is $40.50. Blackhawk Network Holdings, Inc. has a 1-year low of $28.88 and a 1-year high of $46.70. The firm’s market capitalization is $2.40 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last announced its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current year.

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A number of equities research analysts have commented on the company. BidaskClub raised Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. TheStreet cut Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Citigroup Inc. raised Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and raised their price target for the company from $39.00 to $47.00 in a report on Friday, May 19th. Finally, Mizuho assumed coverage on Blackhawk Network Holdings in a report on Tuesday, June 27th. They set a “buy” rating and a $50.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Blackhawk Network Holdings currently has a consensus rating of “Buy” and an average price target of $45.14.

In other news, insider Roche L. Talbott Hoskins sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $41.25, for a total value of $825,000.00. Following the completion of the transaction, the insider now directly owns 240,931 shares in the company, valued at $9,938,403.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joan B. Lockie sold 2,543 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $43.92, for a total transaction of $111,688.56. Following the completion of the transaction, the insider now owns 17,168 shares of the company’s stock, valued at $754,018.56. The disclosure for this sale can be found here. Insiders sold 116,212 shares of company stock valued at $5,123,465 over the last 90 days. Insiders own 3.80% of the company’s stock.

Blackhawk Network Holdings Company Profile

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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Institutional Ownership by Quarter for Blackhawk Network Holdings (NASDAQ:HAWK)

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