Blackhawk Network Holdings Inc (HAWK) Holdings Increased by River Road Asset Management LLC

River Road Asset Management LLC raised its position in Blackhawk Network Holdings Inc (NASDAQ:HAWK) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,408,465 shares of the credit services provider’s stock after acquiring an additional 43,885 shares during the quarter. River Road Asset Management LLC’s holdings in Blackhawk Network were worth $50,212,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Amalgamated Bank lifted its stake in Blackhawk Network by 4.8% in the second quarter. Amalgamated Bank now owns 7,057 shares of the credit services provider’s stock valued at $308,000 after acquiring an additional 326 shares during the last quarter. Comerica Bank lifted its stake in Blackhawk Network by 11.3% in the fourth quarter. Comerica Bank now owns 24,504 shares of the credit services provider’s stock valued at $1,127,000 after acquiring an additional 2,486 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Blackhawk Network by 33.4% in the third quarter. Principal Financial Group Inc. now owns 10,149 shares of the credit services provider’s stock valued at $445,000 after acquiring an additional 2,539 shares during the last quarter. Legal & General Group Plc lifted its stake in Blackhawk Network by 13.3% in the third quarter. Legal & General Group Plc now owns 21,849 shares of the credit services provider’s stock valued at $957,000 after acquiring an additional 2,567 shares during the last quarter. Finally, American International Group Inc. lifted its stake in Blackhawk Network by 8.1% in the third quarter. American International Group Inc. now owns 36,679 shares of the credit services provider’s stock valued at $1,607,000 after acquiring an additional 2,742 shares during the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

Shares of Blackhawk Network Holdings Inc (HAWK) opened at $45.00 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $2,550.90, a PE ratio of 78.77, a PEG ratio of 5.40 and a beta of 0.73. Blackhawk Network Holdings Inc has a 12 month low of $32.60 and a 12 month high of $47.00.

A number of analysts have commented on HAWK shares. UBS Group cut shares of Blackhawk Network from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 12th. SunTrust Banks set a $43.00 price target on shares of Blackhawk Network and gave the company a “buy” rating in a research note on Thursday, October 12th. Raymond James Financial reiterated a “market perform” rating on shares of Blackhawk Network in a research note on Thursday, October 12th. Bank of America cut their price target on shares of Blackhawk Network from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, October 12th. Finally, BMO Capital Markets cut their price target on shares of Blackhawk Network from $52.00 to $51.00 and set an “outperform” rating for the company in a research note on Friday, October 13th. Thirteen investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.27.

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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.

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

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