Elk Creek Partners buys $22,830,121 stake in Blackhawk Network Holdings Inc (HAWK)

Blackhawk Network Holdings Inc (HAWK) : Elk Creek Partners scooped up 56,933 additional shares in Blackhawk Network Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 682,107 shares of Blackhawk Network Holdings Inc which is valued at $22,830,121.Blackhawk Network Holdings Inc makes up approximately 1.47% of Elk Creek Partners’s portfolio.

Other Hedge Funds, Including , Pivot Point Capital Partners boosted its stake in HAWK in the latest quarter, The investment management firm added 155,324 additional shares and now holds a total of 966,280 shares of Blackhawk Network Holdings Inc which is valued at $32,341,392. Blackhawk Network Holdings Inc makes up approx 19.65% of Pivot Point Capital Partners’s portfolio. Tower Research Capital (trc) added HAWK to its portfolio by purchasing 45 company shares during the most recent quarter which is valued at $1,506.Oxford Asset Management boosted its stake in HAWK in the latest quarter, The investment management firm added 90,774 additional shares and now holds a total of 154,384 shares of Blackhawk Network Holdings Inc which is valued at $5,190,390. Blackhawk Network Holdings Inc makes up approx 0.20% of Oxford Asset Management’s portfolio. Commonwealth Equity Services Inc sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 8,172 shares of HAWK which is valued $280,626. Cwm added HAWK to its portfolio by purchasing 82 company shares during the most recent quarter which is valued at $2,994.

Blackhawk Network Holdings Inc opened for trading at $33.72 and hit $34.31 on the upside on Monday, eventually ending the session at $33.96, with a gain of 0.59% or 0.2 points. The heightened volatility saw the trading volume jump to 6,60,168 shares. Company has a market cap of $1,913 M.

On the company’s financial health, Blackhawk Network Holdings Inc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.29. The company had revenue of $391.20 million for the quarter, compared to analysts expectations of $390.24 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Many Wall Street Analysts have commented on Blackhawk Network Holdings Inc. Blackhawk Network Holdings Inc was Upgraded by BofA/Merrill to ” Buy” on Jul 22, 2016.

Blackhawk Network Holdings Inc. (Blackhawk) is a prepaid payment network. The Company offers a range of prepaid gift telecom and debit cards in physical and electronic forms and related prepaid products and payment services in the United States and 21 other countries. It operates in two segments: US Retail and Incentives & Rewards and International Retail. US Retail and Incentives & Rewards segment consists of the various operating segments of its United States retail products online channel secondary card market and incentive and reward solutions and derives revenues from sales of prepaid products to consumers at its United States retail distribution partners online and through its card exchange and prepaid products to consumers through business clients. Its International Retail segment consists of the various operating segments of its geographic regions and derives revenues from sales of prepaid products to consumers at its international retail distribution partners.

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