Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Position Decreased by Atria Investments LLC

Atria Investments LLC reduced its stake in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,619 shares of the credit services provider’s stock after selling 809 shares during the period. Atria Investments LLC’s holdings in Blackhawk Network Holdings were worth $419,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Blackhawk Network Holdings by 1.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,675 shares of the credit services provider’s stock worth $100,000 after buying an additional 35 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Blackhawk Network Holdings by 15.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,909 shares of the credit services provider’s stock worth $148,000 after buying an additional 512 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Blackhawk Network Holdings during the first quarter worth approximately $193,000. Turner Investments LLC purchased a new position in shares of Blackhawk Network Holdings during the first quarter worth approximately $203,000. Finally, Harbor Advisors LLC purchased a new position in shares of Blackhawk Network Holdings during the first quarter worth approximately $203,000. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Blackhawk Network Holdings, Inc. (HAWK) traded down 1.75% on Tuesday, hitting $42.00. 737,992 shares of the company were exchanged. Blackhawk Network Holdings, Inc. has a 52-week low of $28.88 and a 52-week high of $46.70. The company has a 50-day moving average price of $43.31 and a 200 day moving average price of $40.29. The firm’s market cap is $2.38 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Wednesday, July 19th. The credit services provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $463.10 million during the quarter, compared to the consensus estimate of $447.43 million. Blackhawk Network Holdings had a negative net margin of 0.01% and a positive return on equity of 5.49%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.13 earnings per share. Analysts predict that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current fiscal year.

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A number of brokerages have commented on HAWK. BidaskClub raised shares of Blackhawk Network Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Zacks Investment Research raised shares of Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. TheStreet downgraded shares of Blackhawk Network Holdings from a “b-” rating to a “c” rating in a research note on Tuesday, June 20th. Citigroup Inc. raised shares of Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and boosted their price target for the company from $39.00 to $47.00 in a research note on Friday, May 19th. Finally, Mizuho initiated coverage on shares of Blackhawk Network Holdings in a research note on Tuesday, June 27th. They issued a “buy” rating and a $50.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Blackhawk Network Holdings currently has a consensus rating of “Buy” and an average target price of $45.14.

In other Blackhawk Network Holdings news, SVP David C. Tate sold 18,669 shares of Blackhawk Network Holdings stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $42.88, for a total value of $800,526.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jerry N. Ulrich sold 75,000 shares of Blackhawk Network Holdings stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total transaction of $3,386,250.00. Following the completion of the transaction, the chief financial officer now directly owns 63,280 shares of the company’s stock, valued at approximately $2,857,092. The disclosure for this sale can be found here. In the last ninety days, insiders sold 146,212 shares of company stock valued at $6,380,465. 3.80% of the stock is currently owned by corporate insiders.

About Blackhawk Network Holdings

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 Holdings (NASDAQ:HAWK)

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