Eagle Asset Management Inc. lessened its position in Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 13.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 343,372 shares of the credit services provider’s stock after selling 51,745 shares during the period. Eagle Asset Management Inc. owned approximately 0.60% of Blackhawk Network worth $12,241,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. First Quadrant L P CA acquired a new stake in Blackhawk Network in the fourth quarter valued at approximately $120,000. BB&T Securities LLC acquired a new stake in Blackhawk Network in the third quarter valued at approximately $204,000. Aperio Group LLC acquired a new stake in Blackhawk Network in the third quarter valued at approximately $205,000. Fox Run Management L.L.C. acquired a new stake in Blackhawk Network in the third quarter valued at approximately $272,000. Finally, SG Americas Securities LLC grew its stake in 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 acquiring an additional 4,251 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the company. BidaskClub raised Blackhawk Network from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. SunTrust Banks lowered Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. First Analysis lowered Blackhawk Network from an “overweight” rating to an “equal weight” rating in a report on Tuesday, January 23rd. Zacks Investment Research lowered Blackhawk Network from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Credit Suisse Group raised their target price on Blackhawk Network from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. Blackhawk Network has an average rating of “Hold” and a consensus target price of $47.27.
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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.
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