Banbury Partners adds Blackhawk Network Holdings Inc (HAWK) to its portfolio

Blackhawk Network Holdings Inc (HAWK) : Banbury Partners added new position in Blackhawk Network Holdings Inc during the most recent quarter end. The investment management firm now holds 657,695 shares of Blackhawk Network Holdings Inc which is valued at $23,348,173 , the company said in a statement filed on Nov 14, 2016 with the SEC.Blackhawk Network Holdings Inc makes up approximately 8.43% of Banbury Partners’s portfolio.

Other Hedge Funds, Including , Nokota Management Lp added HAWK to its portfolio by purchasing 51,500 company shares during the most recent quarter which is valued at $1,828,250. Blackhawk Network Holdings Inc makes up approx 0.16% of Nokota Management Lp’s portfolio.Trexquant Investment Lp boosted its stake in HAWK in the latest quarter, The investment management firm added 4,902 additional shares and now holds a total of 26,272 shares of Blackhawk Network Holdings Inc which is valued at $916,893. Blackhawk Network Holdings Inc makes up approx 0.20% of Trexquant Investment Lp’s portfolio. Silver Capital Management added HAWK to its portfolio by purchasing 12,007 company shares during the most recent quarter which is valued at $403,435. Blackhawk Network Holdings Inc makes up approx 1.75% of Silver Capital Management’s portfolio.Reinhart Partners boosted its stake in HAWK in the latest quarter, The investment management firm added 23,930 additional shares and now holds a total of 53,880 shares of Blackhawk Network Holdings Inc which is valued at $1,939,680. Blackhawk Network Holdings Inc makes up approx 0.20% of Reinhart Partners’s portfolio.

Blackhawk Network Holdings Inc closed down -0.2 points or -0.55% at $36.3 with 3,85,425 shares getting traded on Monday. Post opening the session at $36.65, the shares hit an intraday low of $36.15 and an intraday high of $36.8 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Blackhawk Network Holdings Inc reported $0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Oct 11, 2016. Analyst had a consensus of $0.32. The company had revenue of $361.60 million for the quarter, compared to analysts expectations of $382.04 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Blackhawk Network Holdings Inc. Blackhawk Network Holdings Inc was Downgraded by BofA/Merrill to ” Neutral” on Oct 7, 2016. Blackhawk Network Holdings Inc was Upgraded by CLSA to ” Outperform” on Sep 21, 2016.

Blackhawk Network Holdings Inc. (Blackhawk) is a prepaid payment network. The Company offers a range of prepaid gift telecom and debit cards in physical and electronic forms and related prepaid products and payment services in the United States and 21 other countries. It operates in two segments: US Retail and Incentives & Rewards and International Retail. US Retail and Incentives & Rewards segment consists of the various operating segments of its United States retail products online channel secondary card market and incentive and reward solutions and derives revenues from sales of prepaid products to consumers at its United States retail distribution partners online and through its card exchange and prepaid products to consumers through business clients. Its International Retail segment consists of the various operating segments of its geographic regions and derives revenues from sales of prepaid products to consumers at its international retail distribution partners.

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