BLB&B Advisors LLC decreased its holdings in shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,346 shares of the credit services provider’s stock after selling 3,536 shares during the quarter. BLB&B Advisors LLC’s holdings in Blackhawk Network were worth $333,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Blackhawk Network by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,523,748 shares of the credit services provider’s stock worth $197,236,000 after purchasing an additional 105,653 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Blackhawk Network by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,751,904 shares of the credit services provider’s stock valued at $76,733,000 after buying an additional 40,322 shares during the last quarter. Newbrook Capital Advisors LP acquired a new position in Blackhawk Network in the 2nd quarter valued at $52,890,000. State Street Corp grew its stake 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 last quarter. Finally, Elk Creek Partners LLC grew its stake in Blackhawk Network by 3.4% in the 3rd quarter. Elk Creek Partners LLC now owns 771,162 shares of the credit services provider’s stock valued at $33,777,000 after buying an additional 25,156 shares during the last quarter. Institutional investors own 96.68% of the company’s stock.

Shares of Blackhawk Network Holdings Inc (NASDAQ HAWK) opened at $45.05 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Blackhawk Network Holdings Inc has a 1-year low of $32.60 and a 1-year high of $46.70. The firm has a market cap of $2,560.00, a price-to-earnings ratio of -500.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.48.

HAWK has been the topic of a number of research analyst reports. BidaskClub lowered shares of Blackhawk Network from a “sell” rating to a “strong sell” rating in a research note on Friday, December 22nd. Zacks Investment Research lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. SunTrust Banks set a $43.00 target price on shares of Blackhawk Network and gave the company a “buy” rating in a research note on Thursday, October 12th. BMO Capital Markets lowered their target price on shares of Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating on the stock in a research note on Friday, October 13th. Finally, Bank of America lowered their target price on shares of Blackhawk Network from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.17.

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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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