Maple Rock Capital Partners Inc. raised its position in shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 23.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 580,000 shares of the credit services provider’s stock after purchasing an additional 110,000 shares during the quarter. Blackhawk Network comprises 6.9% of Maple Rock Capital Partners Inc.’s portfolio, making the stock its 9th largest holding. Maple Rock Capital Partners Inc. owned about 1.02% of Blackhawk Network worth $20,677,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Quadrant L P CA bought a new stake in shares of Blackhawk Network during the 4th quarter worth $120,000. BB&T Securities LLC bought a new stake in shares of Blackhawk Network during the 3rd quarter worth $204,000. Aperio Group LLC bought a new stake in shares of Blackhawk Network during the 3rd quarter worth $205,000. SG Americas Securities LLC boosted its stake in shares of Blackhawk Network by 170.6% during the 3rd quarter. SG Americas Securities LLC now owns 6,743 shares of the credit services provider’s stock worth $295,000 after acquiring an additional 4,251 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Blackhawk Network in the third quarter valued at $415,000. 96.25% of the stock is owned by institutional investors and hedge funds.
Shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK) opened at $44.75 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 0.94. Blackhawk Network Holdings Inc has a 1-year low of $32.60 and a 1-year high of $47.00.
A number of analysts have recently issued reports on HAWK shares. BidaskClub upgraded Blackhawk Network from a “strong sell” rating to a “sell” rating in a report on Saturday, December 30th. Zacks Investment Research upgraded Blackhawk Network from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Wednesday, December 13th. Craig Hallum lowered Blackhawk Network from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. BMO Capital Markets lowered Blackhawk Network from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $51.00 to $45.00 in a report on Monday, January 22nd. Finally, Jefferies Group lowered Blackhawk Network from a “buy” rating to a “hold” rating in a report on Monday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $46.10.
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About Blackhawk Network
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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