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

Blackhawk Network

Blackhawk Network Holdings presently has a consensus rating of Buy and a consensus target price of $46.62. As per Thursday, July 20, the company rating was maintained by Bank of America.

Blackhawk Network Holdings, Inc (NASDAQ:HAWK) is at $35.03 seeing a daily low of $35.00 and high of $38.95. (NASDAQ:HAWK) fell 20.5% during trading on Thursday after Bank of America Corporation lowered their price target on the stock from $50.00 to $46.00. The stock had previously closed at $44.20.

A number of brokerages recently weighed in on HAWK.

On June 28, 2017 Mizuho began coverage setting a rating of "Buy". Credit Suisse downgraded Blackhawk Network Holdings Inc (NASDAQ:HAWK) on Thursday, February 16 to "Neutral" rating. At the time of writing, the First Call consensus price target for the company is $6.50. Finally, BidaskClub raised shares of Blackhawk Network Holdings from a sell rating to a hold rating in a research note on Thursday, August 17th. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The stock stands almost $8.35 off versus the 52-week high of $46.7 and $5.6 above the 52-week low of $32.75. Also, CFO Jerry N. Ulrich sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $43.92, for a total transaction of $111,688.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $42.88, for a total value of $800,526.72. Parametric Portfolio Assoc Limited Liability Company reported 17,311 shares. The disclosure for this sale can be found here. More than 7,240,655 shares have changed hands.

Several hedge funds have recently modified their holdings of the stock. As of the end of the quarter Netols Asset Management, Inc. had disposed of a total of 13,749 shares trimming its position 8.1%. Castleark Management LLC bought a new position in shares of Blackhawk Network Holdings in the 2nd quarter valued at approximately $14,290,000.

ILLEGAL ACTIVITY NOTICE: "Blackhawk Network Holdings, Inc". (NASDAQ:EA) shares with value of $11.13M were sold by Wilson Andrew. Jefferies Group LLC reiterated a "buy" rating and set a $53.00 price target (up from $49.00) on shares of Blackhawk Network Holdings in a report on Monday, July 24th. Cubist Systematic Strategies LLC now owns 9,639 shares of the credit services provider's stock valued at $420,000 after acquiring an additional 7,039 shares in the last quarter.

JNPR shares are down 4.5% in pre-market trading, after the company's lower-than-expected preliminary third-quarter earnings report was met with a downgrade to "neutral" from "buy" at Nomura Instinet and price-target cuts at BMO (to $31) and Raymond James (to $34).

The women's apparel retailer forecasts adjusted earnings of eight to 10 cents per share for its third quarter, which is about half of its previous forecast of 18 cents to 20 cents a share. -Earnings Growth (Y-o-Y): 30.8% -EPS (Q3): $0.18 vs. $0.14 past year. The credit services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07.

Blackhawk Network Holdings, Inc., launched on January 27, 2006, is a prepaid payment network.

Adjusted operating revenue surged to $208.3 million from $168.9 million a year ago. Over the past month the firm's stock is -2.86%, 3.76% for the last quarter, 13.04% for the past six-months and 38.43% for the a year ago. Ameritas Investment Partners Inc. acquired a new stake in shares of Blackhawk Network Holdings during the 1st quarter valued at about $193,000.



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