Two Sigma Advisers LP Increases Stake in Blackhawk Network Holdings Inc (HAWK)

Two Sigma Advisers LP grew its position in Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 17.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 44,351 shares of the credit services provider’s stock after acquiring an additional 6,500 shares during the period. Two Sigma Advisers LP’s holdings in Blackhawk Network were worth $1,581,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Argent Capital Management LLC lifted its stake in shares of Blackhawk Network by 60.3% in the 3rd quarter. Argent Capital Management LLC now owns 58,950 shares of the credit services provider’s stock valued at $2,582,000 after acquiring an additional 22,175 shares during the last quarter. Reinhart Partners Inc. lifted its stake in shares of Blackhawk Network by 29.5% in the 4th quarter. Reinhart Partners Inc. now owns 105,700 shares of the credit services provider’s stock valued at $3,768,000 after acquiring an additional 24,090 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Blackhawk Network by 103.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 121,021 shares of the credit services provider’s stock valued at $5,288,000 after acquiring an additional 61,430 shares during the last quarter. Atlantic Trust Group LLC bought a new position in shares of Blackhawk Network in the 3rd quarter valued at $1,608,000. Finally, Swiss National Bank lifted its stake in shares of Blackhawk Network by 3.9% in the 4th quarter. Swiss National Bank now owns 91,676 shares of the credit services provider’s stock valued at $3,268,000 after acquiring an additional 3,400 shares during the last quarter. Institutional investors own 96.25% of the company’s stock.

A number of research analysts have recently commented on the company. BidaskClub upgraded Blackhawk Network from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. SunTrust Banks cut Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Mizuho reiterated a “hold” rating and issued a $36.00 price target on shares of Blackhawk Network in a research note on Monday, February 26th. ValuEngine upgraded Blackhawk Network from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Zacks Investment Research lowered Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Fourteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $46.02.



Shares of NASDAQ:HAWK opened at $44.83 on Thursday. The firm has a market cap of $2,542.02, a P/E ratio of -16.18, a P/E/G ratio of 4.59 and a beta of 0.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.94 and a quick ratio of 0.94. Blackhawk Network Holdings Inc has a 12-month low of $32.60 and a 12-month high of $47.00.

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

ILLEGAL ACTIVITY WARNING: This story was first published by Dakota Financial News and is owned by of Dakota Financial News. If you are reading this story on another site, it was illegally copied and reposted in violation of U.S. & international copyright law. The correct version of this story can be read at https://dakotafinancialnews.com/2018/04/12/two-sigma-advisers-lp-increases-stake-in-blackhawk-network-holdings-inc-hawk.html.

Blackhawk Network 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.

Want to see what other hedge funds are holding HAWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackhawk Network Holdings Inc (NASDAQ:HAWK).

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

Receive News & Ratings for Blackhawk Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackhawk Network and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply