Castleark Management LLC Invests $14.29 Million in Blackhawk Network Holdings, Inc. (HAWK)

The firm earned "Neutral" rating on Thursday, July 20 by Bank of America.

Pivot Point Capital Partners Llc decreased Blackhawk Network Holdings (HAWK) stake by 12.18% reported in 2017Q2 SEC filing. Blackhawk Network has recorded a 50-day average of 0.43GBX and a two hundred day average of 0.70GBX. The stock had previously closed at $44.20.

Other institutional investors have also recently made changes to their positions in the company. On June 28, 2017 the stock rating was rated "Outperform" by BMO Capital which was a boost from the previous "Outperform" rating.

On October 12 the company was downgraded to "Market Perform" from "Outperform" by analysts at Raymond James. Finally, Craig Hallum reiterated a "buy" rating and set a $58.00 price target on shares of Blackhawk Network Holdings in a report on Friday, September 1st. Out of 6 Wall Street analysts rating BB&T Corp, 0 give it "Buy", 2 "Sell" rating, while 4 recommend "Hold". The company now has a consensus rating of "Buy" and a consensus target price of $46.31.

In related news, CFO Jerry N. Ulrich sold 75,000 shares of the stock in a transaction that occurred on Wednesday, July 26th. Strs Ohio lifted its holdings in shares of Blackhawk Network Holdings by 38.9% during the 2nd quarter. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company's stock. The disclosure for this sale can be found here. Insiders sold 96,212 shares of company stock valued at $4,298,465 in the last three months.

HAWK has been the subject of several research reports. The total value of its holdings increased 0.9%. Point72 Asset Management, L.p. now holds 950,900 shares worth $41,459,000. Salem Investment Counselors stated it has 10 shares or 0% of all its holdings. Prudential Financial Inc. acquired a new stake in shares of Blackhawk Network Holdings during the 2nd quarter valued at about $207,000. Blackhawk Network Holdings Inc (NASDAQ:HAWK) has risen 34.41% since October 12, 2016 and is uptrending.

Company shares last traded at $35.20 well below $44.01, the stock's 50 day moving average and significantly lower than the 200 day moving average of $42.68.

Blackhawk Network Holdings (NASDAQ:HAWK) last issued its quarterly earnings results on Wednesday, October 11th.

The company said revenue for the quarter rose 23.3% to $208.3 million. Blackhawk Network Holdings had 24 analyst reports since July 24, 2015 according to SRatingsIntel. 184.77 million shares or 0.98% less from 186.59 million shares in 2017Q1 were reported. On average, equities research analysts expect that Blackhawk Network Holdings, Inc. will post $1.68 EPS for the current year.

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