Parallax Volatility Advisers LP reported 7,107 shares. The stock had previously closed at $44.20. It also upped Fifth Third Bancorp (NASDAQ:FITB) stake by 43,950 shares and now owns 192,450 shares.
Blackhawk Network Holdings, Inc. has been given an analysts' mean target of 49.36. Also, the Hold rating count is 3 as of 10/12/17. (NYSE:JNPR), and prepaid card name Blackhawk Network Holdings Inc (NASDAQ:HAWK).
Investors and Traders continue to monitor technical levels of shares of Blackhawk Network Holdings, Inc. In reaction, SunTrust Robinson cut its rating on the retailer to "hold" from "buy", while Deutsche Bank and Jefferies cut their respective price targets to $11 and $13. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company now has a consensus rating of "Buy" and a consensus target price of $46.31. The total value of its holdings increased 0.9%. Point72 Asset Management, L.p. owns 950,900 shares valued at $41,459,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
In related news, SVP David C. Tate sold 18,669 shares of the stock in a transaction that occurred on Wednesday, August 2nd. Over the last three months, the shares of the company have changed -17.20% and performed -9.41% over the last six months. The disclosure for this sale can be found here. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
Several hedge funds have recently modified their holdings of HAWK. The Connor Clark & Lunn Investment Management Ltd holds 62,534 shares with $1.04 million value, down from 93,064 last quarter. The Sit Investment Associates Inc holds 40,650 shares with $5.12 million value, up from 30,020 last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Blackhawk Network Holdings during the first quarter valued at $193,000. Park West Asset Management LLC boosted its stake in Blackhawk Network Holdings by 11.9% during the 1st quarter.
COPYRIGHT VIOLATION WARNING: "Blackhawk Network Holdings, Inc". Now we look at the Moving Averages, the 200-day is -14.1%, the 50-day is -19.45% and the 20-day is -19.87%. Now trading with a market value of 2.03B, the company has a mix of catalysts and obstacles that spring from the nature of its operations.
EPS Estimate for the next Quarter is 0.11. The business had revenue of $419.30 million during the quarter, compared to analysts' expectations of $439.32 million. Blackhawk Network Holdings had a positive return on equity of 4.16% and a negative net margin of 0.14%. They expect $0.45 EPS, up 32.35% or $0.11 from last year's $0.34 per share. Looking out over the past year, company shares have been recorded -23.72% off the 52 week high and 8.78% away from the low over the same period.
TRADEMARK VIOLATION NOTICE: "Blackhawk Network Holdings, Inc". If you are viewing this story on another site, it was stolen and reposted in violation of USA and worldwide copyright & trademark law.
CFO & Chief Admin Officer, Ulrich Jerry N, sold 75,000 common shares of Blackhawk Network Holdings, Inc. The Firm operates through three divisions: U.S. It now has negative earnings. 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.