HBK Investments L P purchased a new stake in Blackhawk Network Holdings Inc (NASDAQ:HAWK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 38,399 shares of the credit services provider’s stock, valued at approximately $1,369,000. HBK Investments L P owned about 0.07% of Blackhawk Network at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HAWK. First Quadrant L P CA purchased a new stake in shares of Blackhawk Network in the fourth quarter valued at about $120,000. BB&T Securities LLC purchased a new stake in shares of Blackhawk Network in the third quarter valued at about $204,000. Aperio Group LLC purchased a new stake in shares of Blackhawk Network in the third quarter valued at about $205,000. SG Americas Securities LLC raised its holdings in shares of Blackhawk Network by 170.6% in the third quarter. SG Americas Securities LLC now owns 6,743 shares of the credit services provider’s stock valued at $295,000 after buying an additional 4,251 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Blackhawk Network in the third quarter valued at about $415,000. 96.25% of the stock is owned by hedge funds and other institutional investors.

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Blackhawk Network stock opened at $44.75 on Thursday. Blackhawk Network Holdings Inc has a one year low of $32.60 and a one year high of $47.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.96.

Blackhawk Network (NASDAQ:HAWK) last issued its quarterly earnings results on Tuesday, February 27th. The credit services provider reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.04. Blackhawk Network had a negative net margin of 6.98% and a negative return on equity of 18.94%. The business had revenue of $423.18 million for the quarter, compared to analyst estimates of $384.70 million. sell-side analysts expect that Blackhawk Network Holdings Inc will post 0.56 earnings per share for the current year.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Blackhawk Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 14th. BidaskClub raised shares of Blackhawk Network from a “sell” rating to a “hold” rating in a report on Thursday, March 15th. SunTrust Banks cut shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Jefferies Group cut shares of Blackhawk Network from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Finally, Mizuho reaffirmed a “hold” rating and issued a $36.00 target price on shares of Blackhawk Network in a report on Monday, February 26th. Thirteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Blackhawk Network has an average rating of “Hold” and a consensus price target of $46.10.

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

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