Fox Run Management L.L.C. bought a new position in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,200 shares of the credit services provider’s stock, valued at approximately $272,000.

Several other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Blackhawk Network Holdings during the second quarter worth approximately $1,070,000. Castleark Management LLC acquired a new position in shares of Blackhawk Network Holdings during the second quarter worth approximately $14,290,000. Nomura Holdings Inc. lifted its position in shares of Blackhawk Network Holdings by 2.7% during the second quarter. Nomura Holdings Inc. now owns 103,480 shares of the credit services provider’s stock worth $4,502,000 after purchasing an additional 2,754 shares in the last quarter. Argent Capital Management LLC acquired a new position in shares of Blackhawk Network Holdings during the second quarter worth approximately $1,603,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Blackhawk Network Holdings by 270.7% during the second quarter. Cubist Systematic Strategies LLC now owns 9,639 shares of the credit services provider’s stock worth $420,000 after purchasing an additional 7,039 shares in the last quarter. Institutional investors own 95.62% of the company’s stock.

HAWK has been the topic of a number of research reports. Zacks Investment Research lowered shares of Blackhawk Network Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Citigroup Inc. reiterated a “buy” rating and set a $47.00 target price on shares of Blackhawk Network Holdings in a research report on Monday, July 17th. Bank of America Corporation upped their target price on shares of Blackhawk Network Holdings from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, July 20th. UBS AG lowered shares of Blackhawk Network Holdings from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $53.00 target price (up from $49.00) on shares of Blackhawk Network Holdings in a research report on Monday, July 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.62.

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Blackhawk Network Holdings, Inc. (HAWK) opened at $35.05 on Friday. Blackhawk Network Holdings, Inc. has a twelve month low of $32.60 and a twelve month high of $46.70. The firm has a market cap of $1,991.30, a P/E ratio of 61.49, a P/E/G ratio of 5.63 and a beta of 0.45. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Blackhawk Network Holdings had a negative net margin of 0.14% and a positive return on equity of 4.12%. The firm had revenue of $419.30 million during the quarter, compared to the consensus estimate of $439.32 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis. equities analysts predict that Blackhawk Network Holdings, Inc. will post 0.41 EPS for the current fiscal year.

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.

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

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