Citadel Advisors LLC raised its stake in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 16.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,146 shares of the credit services provider’s stock after buying an additional 86,524 shares during the period. Citadel Advisors LLC owned about 1.09% of Blackhawk Network worth $27,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Blackhawk Network by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 4,523,748 shares of the credit services provider’s stock valued at $197,236,000 after buying an additional 105,653 shares during the period. Dimensional Fund Advisors LP boosted its position in Blackhawk Network by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,711,582 shares of the credit services provider’s stock valued at $74,626,000 after buying an additional 43,807 shares during the period. Newbrook Capital Advisors LP purchased a new stake in Blackhawk Network in the 2nd quarter valued at about $52,890,000. State Street Corp boosted its position in Blackhawk Network by 6.7% in the 2nd quarter. State Street Corp now owns 1,094,994 shares of the credit services provider’s stock valued at $47,740,000 after buying an additional 68,362 shares during the period. Finally, Northern Trust Corp boosted its position in Blackhawk Network by 2.2% in the 2nd quarter. Northern Trust Corp now owns 714,592 shares of the credit services provider’s stock valued at $31,156,000 after buying an additional 15,717 shares during the period. 97.20% of the stock is owned by institutional investors.

Shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) opened at $36.55 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $2,076.52, a PE ratio of 64.12, a PEG ratio of 5.87 and a beta of 0.45. Blackhawk Network Holdings, Inc. has a twelve month low of $32.60 and a twelve month high of $46.70.

Blackhawk Network (NASDAQ:HAWK) last posted its quarterly earnings data on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. The firm had revenue of $419.30 million during the quarter, compared to analyst estimates of $439.32 million. Blackhawk Network had a negative net margin of 0.14% and a positive return on equity of 4.12%. Blackhawk Network’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. sell-side analysts expect that Blackhawk Network Holdings, Inc. will post 0.41 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $51.00 price objective on shares of Blackhawk Network in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Blackhawk Network from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Mizuho lowered shares of Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Wednesday, October 18th. Argus reduced their price target on shares of Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. Finally, BMO Capital Markets reduced their price target 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. Eight 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 a consensus price target of $47.62.

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About Blackhawk Network

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 (NASDAQ:HAWK)

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