Wilen Investment Management CORP. lessened its holdings in Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,752 shares of the credit services provider’s stock after selling 1,757 shares during the quarter. Blackhawk Network accounts for about 1.0% of Wilen Investment Management CORP.’s holdings, making the stock its 21st biggest position. Wilen Investment Management CORP. owned approximately 0.08% of Blackhawk Network worth $1,454,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp boosted its stake in shares of Blackhawk Network by 6.7% during the 2nd quarter. State Street Corp now owns 1,094,994 shares of the credit services provider’s stock worth $47,740,000 after acquiring an additional 68,362 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Blackhawk Network by 270.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,639 shares of the credit services provider’s stock worth $420,000 after acquiring an additional 7,039 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Blackhawk Network during the 2nd quarter worth approximately $1,070,000. Fox Run Management L.L.C. purchased a new stake in shares of Blackhawk Network during the 3rd quarter worth approximately $272,000. Finally, Aperio Group LLC purchased a new stake in shares of Blackhawk Network during the 3rd quarter worth approximately $205,000. 95.90% of the stock is currently owned by institutional investors.
Blackhawk Network Holdings Inc (NASDAQ HAWK) opened at $44.70 on Friday. 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 Holdings Inc has a 12-month low of $32.60 and a 12-month high of $47.00. The stock has a market capitalization of $2,540.00, a P/E ratio of -496.67, a P/E/G ratio of 4.72 and a beta of 0.73.
HAWK has been the topic of several research analyst reports. Zacks Investment Research lowered Blackhawk Network from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Deutsche Bank reissued a “buy” rating and set a $51.00 price target on shares of Blackhawk Network in a research note on Friday, November 3rd. BidaskClub lowered Blackhawk Network from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Craig Hallum lowered Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Credit Suisse Group boosted their price target on Blackhawk Network from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.27.
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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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