Eidelman Virant Capital adds Blackhawk Network Holdings Inc (HAWK) to its portfolio

Blackhawk Network Holdings Inc (HAWK) : Eidelman Virant Capital added new position in Blackhawk Network Holdings Inc during the most recent quarter end. The investment management firm now holds 121,000 shares of Blackhawk Network Holdings Inc which is valued at $3.8 Million , the company said in a statement filed on May 11, 2016 with the SEC.Blackhawk Network Holdings Inc makes up approximately 2.71% of Eidelman Virant Capital’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 5,214 shares of HAWK which is valued $164,450. First Trust Advisors Lp sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 39,596 shares of HAWK which is valued $1.2 Million. Nine Chapters Capital Management added HAWK to its portfolio by purchasing 5,400 company shares during the most recent quarter which is valued at $170,316. Blackhawk Network Holdings Inc makes up approx 0.01% of Nine Chapters Capital Management’s portfolio.Oxford Asset Management reduced its stake in HAWK by selling 48,490 shares or 43.26% in the most recent quarter. The Hedge Fund company now holds 63,610 shares of HAWK which is valued at $2 Million. Blackhawk Network Holdings Inc makes up approx 0.07% of Oxford Asset Management’s portfolio. Chase Investment Counsel Corp sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 34,570 shares of HAWK which is valued $1.1 Million.

Blackhawk Network Holdings Inc opened for trading at $31.57 and hit $32.24 on the upside on Monday, eventually ending the session at $31.95, with a gain of 1.30% or 0.41 points. The heightened volatility saw the trading volume jump to 4,49,978 shares. Company has a market cap of $1,794 M.

On the company’s financial health, Blackhawk Network Holdings Inc reported $0.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.32. The company had revenue of $366.50 million for the quarter, compared to analysts expectations of $378.17 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on Blackhawk Network Holdings Inc. Shares were Reiterated by Wedbush on Apr 28, 2016 to “Neutral” and Lowered the Price Target to $ 30 from a previous price target of $33 .Shares were Reiterated by Wedbush on Feb 25, 2016 to “Neutral” and Lowered the Price Target to $ 33 from a previous price target of $38 .Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 50 from a previous price target of $54 .

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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