Axa Has $6.63 Million Position in Blackhawk Network Holdings Inc (HAWK)
Axa boosted its holdings in Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 52.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,300 shares of the credit services provider’s stock after acquiring an additional 52,100 shares during the quarter. Axa owned 0.27% of Blackhawk Network worth $6,627,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Strs Ohio increased its position in shares of Blackhawk Network by 38.9% during the 2nd quarter. Strs Ohio now owns 2,500 shares of the credit services provider’s stock valued at $109,000 after purchasing an additional 700 shares during the period. BB&T Securities LLC acquired a new position in shares of Blackhawk Network during the 3rd quarter valued at $204,000. Aperio Group LLC acquired a new position in shares of Blackhawk Network during the 3rd quarter valued at $205,000. Prudential Financial Inc. acquired a new position in shares of Blackhawk Network during the 2nd quarter valued at $207,000. Finally, Campbell Newman Asset Management Inc. acquired a new position in shares of Blackhawk Network during the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 96.68% of the company’s stock.
Several equities research analysts have recently weighed in on the company. BidaskClub lowered Blackhawk Network from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research raised Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Wednesday, December 13th. Deutsche Bank reissued a “buy” rating and set a $51.00 price objective on shares of Blackhawk Network in a research note on Friday, November 3rd. Mizuho lowered Blackhawk Network from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Wednesday, October 18th. Finally, Argus reduced their price objective on Blackhawk Network from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Blackhawk Network currently has a consensus rating of “Buy” and a consensus price target of $46.69.
Shares of Blackhawk Network Holdings Inc (NASDAQ HAWK) opened at $33.85 on Friday. The company has a market capitalization of $1,920.00, a price-to-earnings ratio of -376.11, a PEG ratio of 5.33 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.74. Blackhawk Network Holdings Inc has a 12-month low of $32.60 and a 12-month high of $46.70.
Blackhawk Network (NASDAQ:HAWK) last issued its earnings results on Wednesday, October 11th. The credit services provider reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The business had revenue of $419.30 million during the quarter, compared to analysts’ expectations of $439.32 million. Blackhawk Network had a positive return on equity of 4.12% and a negative net margin of 0.14%. Blackhawk Network’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. research analysts expect that Blackhawk Network Holdings Inc will post 0.41 EPS for the current year.
Blackhawk Network 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.
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