Amalgamated Bank grew its holdings in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 4.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,057 shares of the credit services provider’s stock after buying an additional 326 shares during the period. Amalgamated Bank’s holdings in Blackhawk Network Holdings were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in Blackhawk Network Holdings by 1.9% during the second quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock worth $844,000 after purchasing an additional 351 shares in the last quarter. Strs Ohio raised its holdings in Blackhawk Network Holdings by 38.9% during the second quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock worth $109,000 after purchasing an additional 700 shares in the last quarter. US Bancorp DE raised its holdings in Blackhawk Network Holdings by 10.1% during the first quarter. US Bancorp DE now owns 8,351 shares of the credit services provider’s stock worth $339,000 after purchasing an additional 764 shares in the last quarter. Turner Investments LLC raised its holdings in Blackhawk Network Holdings by 20.0% during the second quarter. Turner Investments LLC now owns 6,000 shares of the credit services provider’s stock worth $262,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Geneva Advisors LLC raised its holdings in Blackhawk Network Holdings by 2.5% during the second quarter. Geneva Advisors LLC now owns 44,795 shares of the credit services provider’s stock worth $1,953,000 after purchasing an additional 1,078 shares in the last quarter. 95.31% of the stock is currently owned by institutional investors.

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at 44.60 on Wednesday. The firm’s market cap is $2.53 billion. Blackhawk Network Holdings, Inc. has a 52-week low of $32.75 and a 52-week high of $46.70. The firm has a 50-day moving average of $43.99 and a 200 day moving average of $42.67.

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

Several equities research analysts recently 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. Mizuho assumed coverage on Blackhawk Network Holdings in a report on Tuesday, June 27th. They set a “buy” rating and a $50.00 target price on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and set a $53.00 target price (up previously from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $46.62.

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In related news, insider Joan B. Lockie sold 2,543 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $43.92, for a total value of $111,688.56. Following the transaction, the insider now directly owns 17,168 shares in the company, valued at $754,018.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the completion of the transaction, the chief financial officer now owns 63,280 shares in the company, valued at $2,857,092. The disclosure for this sale can be found here. Insiders sold 96,212 shares of company stock worth $4,298,465 over the last 90 days. 3.80% of the stock is currently owned by company insiders.

Blackhawk Network Holdings 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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