Blackhawk Network Holdings Inc (HAWK) : Park Presidio Capital reduced its stake in Blackhawk Network Holdings Inc by 41.91% during the most recent quarter end. The investment management company now holds a total of 772,198 shares of Blackhawk Network Holdings Inc which is valued at $25,845,467 after selling 557,214 shares in Blackhawk Network Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Blackhawk Network Holdings Inc makes up approximately 3.92% of Park Presidio Capital’s portfolio.
Other Hedge Funds, Including , Jacobs Levy Equity Management Inc sold out all of its stake in HAWK during the most recent quarter. The investment firm sold 39,310 shares of HAWK which is valued $1,315,706.Geode Capital Management boosted its stake in HAWK in the latest quarter, The investment management firm added 13,135 additional shares and now holds a total of 392,596 shares of Blackhawk Network Holdings Inc which is valued at $13,140,188. Blackhawk Network Holdings Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Parametric Portfolio Associates reduced its stake in HAWK by selling 17,602 shares or 13.81% in the most recent quarter. The Hedge Fund company now holds 109,893 shares of HAWK which is valued at $3,678,119. Blackhawk Network Holdings Inc makes up approx 0.01% of Parametric Portfolio Associates’s portfolio.Alliancebernstein boosted its stake in HAWK in the latest quarter, The investment management firm added 22,920 additional shares and now holds a total of 110,636 shares of Blackhawk Network Holdings Inc which is valued at $3,702,987.
Blackhawk Network Holdings Inc closed down -0.31 points or -0.91% at $33.94 with 5,43,251 shares getting traded on Thursday. Post opening the session at $34.43, the shares hit an intraday low of $33.685 and an intraday high of $34.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.