American International Group Inc. trimmed its position in shares of Blackhawk Network Holdings (NASDAQ:HAWK) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,973 shares of the credit services provider’s stock after selling 1,881 shares during the quarter. American International Group Inc.’s holdings in Blackhawk Network were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Blackhawk Network by 20.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 90,098 shares of the credit services provider’s stock valued at $3,212,000 after buying an additional 15,553 shares during the period. Paloma Partners Management Co lifted its holdings in shares of Blackhawk Network by 71.7% during the 4th quarter. Paloma Partners Management Co now owns 20,447 shares of the credit services provider’s stock valued at $729,000 after buying an additional 8,536 shares during the period. Swiss National Bank lifted its holdings in shares of Blackhawk Network by 3.9% during the 4th quarter. Swiss National Bank now owns 91,676 shares of the credit services provider’s stock valued at $3,268,000 after buying an additional 3,400 shares during the period. Comerica Bank lifted its holdings in shares of Blackhawk Network by 11.3% during the 4th quarter. Comerica Bank now owns 24,504 shares of the credit services provider’s stock valued at $1,127,000 after buying an additional 2,486 shares during the period. Finally, ING Groep NV bought a new position in shares of Blackhawk Network during the 4th quarter valued at $13,436,000. 96.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Blackhawk Network stock opened at $45.00 on Friday. Blackhawk Network Holdings has a one year low of $32.60 and a one year high of $47.00. The firm has a market capitalization of $2.57 billion, a P/E ratio of -16.25 and a beta of 0.72. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.02.

Blackhawk Network (NASDAQ:HAWK) last announced its earnings results on Tuesday, May 1st. The credit services provider reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.07). Blackhawk Network had a negative return on equity of 21.14% and a negative net margin of 7.01%. The company had revenue of $193.57 million during the quarter, compared to the consensus estimate of $214.25 million.

HAWK has been the topic of several research analyst reports. BidaskClub cut Blackhawk Network from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Mizuho reissued a “hold” rating and set a $36.00 price target on shares of Blackhawk Network in a report on Monday, February 26th. Zacks Investment Research raised Blackhawk Network from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 14th. ValuEngine raised Blackhawk Network from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Finally, Wells Fargo & Co cut Blackhawk Network from an “outperform” rating to a “market perform” rating in a report on Friday, April 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $46.02.

Blackhawk Network Company Profile

Blackhawk Network Holdings, Inc provides 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 internationally. It operates through three segments: U.S. Retail, International, and Incentives & Rewards.

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

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