Blackhawk Network Holdings Inc (NASDAQ:HAWK) shares hit a new 52-week high on Tuesday . The stock traded as high as $46.73 and last traded at $45.20, with a volume of 4675500 shares. The stock had previously closed at $45.25.

Several research analysts recently weighed in on HAWK shares. UBS Group downgraded shares of Blackhawk Network from an “outperform” rating to a “market perform” rating in a report on Thursday, October 12th. SunTrust Banks set a $43.00 target price on shares of Blackhawk Network and gave the stock a “buy” rating in a report on Thursday, October 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of Blackhawk Network in a report on Thursday, October 12th. Bank of America dropped their target price on shares of Blackhawk Network from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, October 12th. Finally, BMO Capital Markets dropped their target price on shares of Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a report on Friday, October 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. Blackhawk Network presently has a consensus rating of “Hold” and a consensus target price of $47.27.

The stock has a market cap of $2,660.00, a P/E ratio of -520.56, a P/E/G ratio of 5.46 and a beta of 0.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86.

A number of hedge funds have recently made changes to their positions in the business. Amalgamated Bank raised its position in shares of Blackhawk Network by 4.8% during the 2nd quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock valued at $308,000 after buying an additional 326 shares in the last quarter. Legal & General Group Plc raised its position in shares of Blackhawk Network by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock valued at $844,000 after buying an additional 351 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Blackhawk Network by 1.1% during the 2nd quarter. Nordea Investment Management AB now owns 162,600 shares of the credit services provider’s stock valued at $7,089,000 after buying an additional 1,800 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Blackhawk Network by 33.4% during the 3rd quarter. Principal Financial Group Inc. now owns 10,149 shares of the credit services provider’s stock valued at $445,000 after buying an additional 2,539 shares in the last quarter. Finally, American International Group Inc. raised its position in shares of Blackhawk Network by 8.1% during the 3rd quarter. American International Group Inc. now owns 36,679 shares of the credit services provider’s stock valued at $1,607,000 after buying an additional 2,742 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

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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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