Blackhawk Network Holdings, Inc. (HAWK) Shares Down 20.5% After Analyst Downgrade

A number of other equities research analysts also recently weighed in on HAWK.

Sell-side analyst recommendations point to a short term price target of $78.4 on the shares of NuVasive, Inc.

Blackhawk Network Holdings, Inc. More bearish brokerage notes are likely on the way, considering seven of eight analysts maintained a "buy" or better rating on the stock at last night's close. The company now has a consensus rating of "Buy" and a consensus target price of $46.31. Fidelity Management and Research Company is the second biggest holder with 4 million shares now valued at 161.92 million whilst P2 Capital Partners, LLC has 3 million shares valued at 130.80 million.

Blackhawk Network Holdings (NASDAQ:HAWK) last released its quarterly earnings data on Wednesday, October 11th. The stock's market cap is $2.50 billion. It has been assigned a low target price of $42 and a high target price of $58. (NASDAQ:HAWK) to report earnings on Oct, 11 for the fiscal quarter ending Sep 2017.

LSU fraternity member accused of fatally hazing pledge from Charlotte
The fraternities will not be allowed to hold chapter-affiliated events during the suspension. A tragedy at Louisiana State University is hitting close to home in the Queen City.

Teen Alien Drama Roswell Is Getting a Political Reboot on the CW
Instead, the series will follow the daughter of undocumented immigrants who returns to her hometown of Roswell . It was first developed for Fox and was originally based on the YA book by Metz and Laura J.

Honor launches 6C Pro smartphone with 13MP rear camera, 3050mAh battery
Meet the Honor 6C Pro, the enhanced version of the original Honor 6 which was launched earlier in April. On the rear side of the Honor 6C Pro is a 13-megapixel camera and a fingerprint scanner.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Teachers Advisors LLC owned about 0.17% of Blackhawk Network Holdings worth $4,289,000 at the end of the most recent reporting period. The firm had revenue of $419.30 million for the quarter, compared to analysts' expectations of $439.32 million. Over the past month the firm's stock is 215.38%, 200.95% for the last quarter, 182.76% for the past six-months and 112.99% for the previous year. Blackhawk Network Holdings's revenue for the quarter was up 16.0% compared to the same quarter a year ago. The current consensus recommendation provided by covering analysts is 1.90. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and worldwide trademark and copyright law. "(HAWK) Cut to Market Perform at UBS AG" was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark legislation. Blackhawk Network Holdings, Inc. 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 legal filing with the Securities & Exchange Commission, which is accessible through this link.

In related news, CFO Jerry N. Ulrich sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $45.15, for a total value of $3,386,250.00.

The biggest institutional shareholders in Blackhawk Network Holdings, Inc. include Vanguard Group Inc which owns 5 million shares in the company valued at $197.24 million. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company's stock.

Several hedge funds have recently modified their holdings of the stock. Nomura Holdings Inc. raised its stake in shares of Blackhawk Network Holdings by 2.7% in the 2nd quarter. The number of shares now owned by investors are 51.08 mln. BlackRock Inc. boosted its stake in Blackhawk Network Holdings by 71,649.0% during the 1st quarter. (NASDAQ:HAWK) are -18.82%; -22.41% for the month; -17.2% for the last quarter; -9.41% for the past six-months; and 3.11% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. The value of the position overall is down by 1.0%. 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.

Related News:

Most liked

Florida oranges still dropping from trees weeks after Irma
Groves are still under water in southwest Florida and state lawmakers are calling for immediate federal aid for producers. Initial reports indicated that 50-70% of citrus crops have been washed away due to the storm.

'Settlers of Catan' Movie in the Works From Sony
Gail Katz released a statement saying "We're excited to be working with Sony to bring the iconic world of Catan to life". Upon its original release in 1995, game critics in Germany honored Catan with its prestigious game of the year award.

US nuclear sub in Korea: US military
A USA nuclear-powered submarine on Friday made a port call at a city in southeast South Korea, Yonhap news agency reported Friday. "The U.S. and [South Korean] navies have always enjoyed a strong relationship", said Rear Adm.

Facebook supports full disclosure on Russia-backed ads: Sheryl Sandberg
Sandberg said when Twitter initially took down the ad and said Blackburn could only run the free content, they made a mistake. The Senate Intelligence Committee is also holding an open hearing with the three companies that day.

Gun-rights debate driving wedge between Americans
After the shooting, the Nevada Carry site had this message: "This is not the time to talk about gun control". Stephen Paddock used some of the 23 guns he brought with him to kill 58 people and injure almost 500 more.

Major League Baseball releases start times for ALCS & NLCS games
With Charlie Morton and Brad Peacock filling out the Astros rotation, the depth advantage goes to the Yankees. The Yankees will need that resolve again with the Astros perhaps even a tougher opponent than the Indians.

QS Investors LLC Cuts Position in Express Scripts Holding Company (ESRX)
It is positive, as 82 investors sold T shares while 619 reduced holdings. 32 funds opened positions while 76 raised stakes. Turning to Regal Entertainment Group (NYSE:RGC), its shares were trading at $16.01 a gain of $0.01, on the trading floor.

Shanghai Masters: Nadal grinds out tough win over Dmitrov
World number one Rafael Nadal reaches the Shanghai Masters semi-finals with a three-set victory over Grigor Dimitrov . The 19-time Grand Slam champion will now cross swords with Richard Gasquet of France for a place in the semi-finals.

New Orleans police officer shot and killed during patrol
A 30-year-old man was arrested after a police officer was fatally shot during a routine patrol in New Orleans early Friday. Harrison said he has met with the officer's family and that "they're in our prayers". "This hurts", said Harrison.

Oppo F3 Lite with 16MP front camera, 3GB RAM launched
On the optics front, OPPO F3 Lite sports a rear camera of 13-megapixel along with an aperture of f/2.2, laser focus and PDAF. After Oppo F3 and F3 Plus, Oppo has quietly launched a new smartphone in F3 series named as Oppo F3 Lite in Vietnam.

USI holds 5th annual event encouraging conversation about domestic violence
The important thing to remember is that you are not alone and there is always going to be people there to show you support. JTAC News attempted to reach out to Cross Timbers Family Services, but they did not respond in time for print .

Grand Jury Indicts Boyfriend Of Murdered Howard County Teacher
After his arrest, Tessier admitted to police that he was engaged to another woman at the same time that he was dating Wallen. Tyler Tessier, 32, was indicted on one count of murder Thursday in the death of his pregnant girlfriend, Laura Wallen, 31.

Microsoft Edge for Android preview is now available in the Play store
Microsoft Edge Preview for Android offers a range of features that you may have appreciated on its desktop client. What that means again is that you might come across bugs and instability that could affect its performance.

Patriots QB Tom Brady expected to play vs. Jets
For the Jets , running back Bilal Powell (calf) and defensive end Muhammad Wilkerson (shoulder, toe) sat out practice. Their 3.9 yards per attempt rank 22nd in the league. "We have to make them one dimensional and make them pass".

Mali trounce New Zealand 3-1
New Zealand, however, have a very slim chance of making it to the knockouts, while Mali advance to Round-of-16 after finishing second in Group B.