36,566 Shares in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky acquired a new position in Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 36,566 shares of the credit services provider’s stock, valued at approximately $1,485,000. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of Blackhawk Network Holdings as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Manhattan Co. increased its position in Blackhawk Network Holdings by 1.8% in the first quarter. First Manhattan Co. now owns 32,754 shares of the credit services provider’s stock worth $988,000 after buying an additional 582 shares in the last quarter. Nationwide Fund Advisors increased its position in Blackhawk Network Holdings by 1.4% in the first quarter. Nationwide Fund Advisors now owns 59,061 shares of the credit services provider’s stock worth $2,398,000 after buying an additional 817 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Blackhawk Network Holdings during the first quarter worth approximately $207,000. Atria Investments LLC increased its position in Blackhawk Network Holdings by 3.0% in the first quarter. Atria Investments LLC now owns 10,428 shares of the credit services provider’s stock worth $423,000 after buying an additional 308 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Blackhawk Network Holdings by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 90,750 shares of the credit services provider’s stock worth $3,419,000 after buying an additional 2,159 shares in the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s stock.

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) traded down 0.93% during midday trading on Friday, hitting $42.50. The stock had a trading volume of 893,836 shares. Blackhawk Network Holdings, Inc. has a 1-year low of $28.88 and a 1-year high of $46.70. The firm has a 50-day moving average price of $43.30 and a 200-day moving average price of $40.24. The firm’s market capitalization is $2.41 billion.

Blackhawk Network Holdings (NASDAQ:HAWK) last posted its earnings results on Wednesday, July 19th. The credit services provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.07. The business had revenue of $463.10 million for the quarter, compared to analyst estimates of $447.43 million. Blackhawk Network Holdings had a positive return on equity of 5.49% and a negative net margin of 0.01%. The firm’s revenue was up 18.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that Blackhawk Network Holdings, Inc. will post $1.68 earnings per share for the current year.

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Several equities analysts have commented on HAWK shares. Zacks Investment Research upgraded Blackhawk Network Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, April 11th. Deutsche Bank AG increased their price target on Blackhawk Network Holdings from $41.00 to $46.00 and gave the company a “buy” rating in a report on Friday, April 28th. Citigroup Inc. upgraded Blackhawk Network Holdings from a “neutral” rating to a “buy” rating and increased their price target for the company from $39.00 to $47.00 in a report on Friday, May 19th. BidaskClub downgraded Blackhawk Network Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, TheStreet downgraded Blackhawk Network Holdings from a “b-” rating to a “c” rating in a report on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.14.

In related news, insider Roche L. Talbott Hoskins sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $41.25, for a total transaction of $825,000.00. Following the transaction, the insider now directly owns 240,931 shares of the company’s stock, valued at approximately $9,938,403.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jerry N. Ulrich sold 75,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $45.15, for a total value of $3,386,250.00. Following the completion of the transaction, the chief financial officer now directly owns 63,280 shares in the company, valued at $2,857,092. The disclosure for this sale can be found here. Insiders have sold a total of 146,212 shares of company stock worth $6,380,465 over the last three months. 3.80% of the stock is owned by insiders.

Blackhawk Network Holdings 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.

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

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