LaSalle Street Capital Management LLC increased its position in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 31.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,222 shares of the credit services provider’s stock after purchasing an additional 5,554 shares during the quarter. LaSalle Street Capital Management LLC’s holdings in Blackhawk Network were worth $1,017,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. OppenheimerFunds Inc. acquired a new stake in shares of Blackhawk Network during the 1st quarter worth approximately $294,000. Teachers Advisors LLC grew its position in shares of Blackhawk Network by 2.3% during the 1st quarter. Teachers Advisors LLC now owns 92,856 shares of the credit services provider’s stock worth $3,770,000 after buying an additional 2,106 shares during the period. Renaissance Technologies LLC bought a new position in Blackhawk Network during the 1st quarter worth approximately $8,650,000. BlackRock Inc. boosted its stake in Blackhawk Network by 71,649.0% during the 1st quarter. BlackRock Inc. now owns 3,416,688 shares of the credit services provider’s stock worth $138,718,000 after acquiring an additional 3,411,926 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Blackhawk Network by 3.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 234,773 shares of the credit services provider’s stock worth $9,532,000 after acquiring an additional 6,816 shares during the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.
Blackhawk Network Holdings, Inc. (HAWK) traded down $0.65 during trading hours on Monday, hitting $35.55. 1,027,766 shares of the company’s stock traded hands, compared to its average volume of 666,191. The firm has a market capitalization of $2,020.00, a P/E ratio of 63.51, a P/E/G ratio of 5.82 and a beta of 0.48. Blackhawk Network Holdings, Inc. has a 12-month low of $32.60 and a 12-month high of $46.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86.
Blackhawk Network (NASDAQ:HAWK) last announced its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The company had revenue of $419.30 million during the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network had a negative net margin of 0.14% and a positive return on equity of 4.12%. Blackhawk Network’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. equities research analysts expect that Blackhawk Network Holdings, Inc. will post 0.41 earnings per share for the current year.
Several research analysts recently weighed in on HAWK shares. SunTrust Banks set a $43.00 price objective on shares of Blackhawk Network and gave the stock a “buy” rating in a research note on Thursday, October 12th. Craig Hallum reaffirmed a “buy” rating and issued a $58.00 price target on shares of Blackhawk Network in a research note on Friday, September 1st. Argus cut their price target on shares of Blackhawk Network from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 17th. Deutsche Bank reissued a “buy” rating and issued a $51.00 price objective on shares of Blackhawk Network in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Blackhawk Network from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Blackhawk Network presently has an average rating of “Buy” and an average price target of $47.62.
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Blackhawk Network 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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