OxFORD Asset Management LLP Has $4.79 Million Stake in Blackhawk Network Holdings, Inc. (HAWK)

OxFORD Asset Management LLP grew its holdings in shares of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) by 31.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,588 shares of the credit services provider’s stock after buying an additional 26,146 shares during the quarter. OxFORD Asset Management LLP owned 0.19% of Blackhawk Network worth $4,792,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HAWK. Amalgamated Bank lifted its position in shares of Blackhawk Network by 4.8% during the second quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock valued at $308,000 after purchasing an additional 326 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Blackhawk Network by 1.9% during the second quarter. Legal & General Group Plc now owns 19,282 shares of the credit services provider’s stock valued at $844,000 after purchasing an additional 351 shares in the last quarter. Strs Ohio lifted its position in shares of Blackhawk Network by 38.9% during the second 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 in the last quarter. Turner Investments LLC lifted its position in shares of Blackhawk Network by 20.0% during the second quarter. Turner Investments LLC now owns 6,000 shares of the credit services provider’s stock valued at $262,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Geneva Advisors LLC lifted its position in shares of Blackhawk Network by 2.5% during the second quarter. Geneva Advisors LLC now owns 44,795 shares of the credit services provider’s stock valued at $1,953,000 after purchasing an additional 1,078 shares in the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.

Shares of Blackhawk Network Holdings, Inc. (HAWK) opened at $35.00 on Wednesday. Blackhawk Network Holdings, Inc. has a 12-month low of $32.60 and a 12-month high of $46.70. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $2,019.70, a PE ratio of 62.37, a price-to-earnings-growth ratio of 5.71 and a beta of 0.48.

Blackhawk Network (NASDAQ:HAWK) last posted its quarterly earnings results on Wednesday, October 11th. The credit services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07. Blackhawk Network had a negative net margin of 0.14% and a positive return on equity of 4.12%. The company had revenue of $419.30 million for the quarter, compared to analyst estimates of $439.32 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. equities analysts forecast that Blackhawk Network Holdings, Inc. will post 0.41 EPS for the current year.

HAWK has been the topic of several research reports. Zacks Investment Research lowered shares of Blackhawk Network from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $52.00 price objective (up previously from $50.00) on shares of Blackhawk Network in a research report on Tuesday, September 12th. SunTrust Banks set a $43.00 price objective on shares of Blackhawk Network and gave the stock a “buy” rating in a research report on Thursday, October 12th. Bank of America lowered their price objective on shares of Blackhawk Network from $50.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, October 12th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Blackhawk Network in a research report on Friday, November 3rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $47.62.

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Blackhawk Network 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.

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

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