Advance Auto Parts Com (AAP) Holding Maintained by Canada Pension Plan Investment Board; Ami Asset Management Lowered Blackhawk Netwrk Hldgs (HAWK) Position as Valuation Rose

May 24, 2018 - By Kurt Siggers

Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) Logo

Ami Asset Management Corp decreased its stake in Blackhawk Netwrk Hldgs Inc (HAWK) by 2.41% based on its latest 2017Q4 regulatory filing with the SEC. Ami Asset Management Corp sold 9,533 shares as the company’s stock rose 32.05% while stock markets declined. The hedge fund held 386,637 shares of the finance company at the end of 2017Q4, valued at $13.78 million, down from 396,170 at the end of the previous reported quarter. Ami Asset Management Corp who had been investing in Blackhawk Netwrk Hldgs Inc for a number of months, seems to be less bullish one the $2.46 billion market cap company. The stock increased 0.11% or $0.05 during the last trading session, reaching $45.1. About 303,540 shares traded. Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) has risen 17.17% since May 24, 2017 and is uptrending. It has outperformed by 5.62% the S&P500.




Canada Pension Plan Investment Board increased its stake in Advance Auto Parts Inc Com (AAP) by 128.02% based on its latest 2017Q4 regulatory filing with the SEC. Canada Pension Plan Investment Board bought 10,539 shares as the company’s stock rose 14.38% while stock markets declined. The institutional investor held 18,771 shares of the other specialty stores company at the end of 2017Q4, valued at $1.87 million, up from 8,232 at the end of the previous reported quarter. Canada Pension Plan Investment Board who had been investing in Advance Auto Parts Inc Com for a number of months, seems to be bullish on the $9.12 billion market cap company. The stock increased 6.87% or $7.92 during the last trading session, reaching $123.25. About 1.96 million shares traded or 70.58% up from the average. Advance Auto Parts, Inc. (NYSE:AAP) has declined 22.19% since May 24, 2017 and is downtrending. It has underperformed by 33.74% the S&P500.

Analysts await Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) to report earnings on July, 18. They expect $-0.15 earnings per share, down 36.36% or $0.04 from last year’s $-0.11 per share. After $-0.28 actual earnings per share reported by Blackhawk Network Holdings, Inc. for the previous quarter, Wall Street now forecasts -46.43% EPS growth.

Ami Asset Management Corp, which manages about $1.42B and $1.45B US Long portfolio, upped its stake in Inc Resh Hldgs Inc Cl A (NASDAQ:INCR) by 36,595 shares to 308,026 shares, valued at $13.43M in 2017Q4, according to the filing.

More important recent Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) news were published by: Globenewswire.com which released: “Blackhawk Announces First Quarter 2018 Financial Results” on May 01, 2018, also Benzinga.com published article titled: “Argus Downgrades Blackhawk Network Following Rally Triggered By Go-Private Announcement”, Globenewswire.com published: “Market Trends Toward New Normal in Acacia Research, A10 Networks, Imperva, PotlatchDeltic, Blackhawk Network …” on April 27, 2018. More interesting news about Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) was released by: Streetinsider.com and their article: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” with publication date: May 15, 2018.

Among 14 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 2 have Buy rating, 0 Sell and 12 Hold. Therefore 14% are positive. Blackhawk Network Holdings had 41 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets initiated Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) on Friday, January 6 with “Market Perform” rating. The firm has “Overweight” rating given on Tuesday, December 1 by First Analysis. The rating was downgraded by Citigroup on Tuesday, January 17 to “Neutral”. BMO Capital Markets upgraded Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) on Wednesday, June 28 to “Outperform” rating. The company was upgraded on Wednesday, September 21 by CLSA. The firm has “Hold” rating given on Tuesday, January 16 by Craig Hallum. The firm has “Neutral” rating by Mizuho given on Wednesday, October 18. The rating was downgraded by Citigroup on Monday, January 22 to “Hold”. The rating was downgraded by SunTrust to “Hold” on Wednesday, January 31. The rating was downgraded by Argus Research on Wednesday, April 25 to “Hold”.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Seekingalpha.com which released: “Can Advance Auto Parts Turn Itself Around?” on May 10, 2018, also Seekingalpha.com with their article: “Credit Suisse defends Advance Auto Parts” published on May 23, 2018, Benzinga.com published: “The Week Ahead: Target, Best Buy Help Close Out Earnings Season” on May 21, 2018. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Seekingalpha.com and their article: “Advance Auto Parts’ (AAP) CEO Tom Greco on Q1 2018 Results – Earnings Call Transcript” published on May 22, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For May 22, 2018” with publication date: May 22, 2018.

Canada Pension Plan Investment Board, which manages about $53.19B US Long portfolio, decreased its stake in Manpowergroup Inc Com (NYSE:MAN) by 47,800 shares to 169,000 shares, valued at $21.31M in 2017Q4, according to the filing. It also reduced its holding in Altria Group Inc Com (NYSE:MO) by 335,700 shares in the quarter, leaving it with 4.81M shares, and cut its stake in Chicos Fas Inc Com (NYSE:CHS).

Among 29 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Advance Auto Parts Inc. had 103 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, March 1 by Credit Suisse. On Friday, July 7 the stock rating was downgraded by Bank of America to “Underperform”. The stock of Advance Auto Parts, Inc. (NYSE:AAP) earned “Buy” rating by Jefferies on Thursday, October 12. RBC Capital Markets maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Thursday, September 8. RBC Capital Markets has “Outperform” rating and $174 target. On Thursday, May 5 the stock rating was downgraded by Raymond James to “Market Perform”. Bank of America maintained the shares of AAP in report on Tuesday, September 5 with “Underperform” rating. The firm earned “Strong Buy” rating on Tuesday, November 15 by Raymond James. On Tuesday, August 25 the stock rating was upgraded by Vetr to “Buy”. The company was initiated on Friday, August 26 by Susquehanna. As per Tuesday, September 12, the company rating was downgraded by Citigroup.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.13, from 1 in 2017Q3. It is positive, as 56 investors sold AAP shares while 110 reduced holdings. 55 funds opened positions while 133 raised stakes. 73.12 million shares or 2.40% less from 74.92 million shares in 2017Q3 were reported. Pictet Asset Management Ltd reported 43,993 shares. Poplar Forest Cap Ltd Liability Corp holds 1.2% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 151,125 shares. Fjarde Ap has invested 0.03% in Advance Auto Parts, Inc. (NYSE:AAP). Sumitomo Mitsui Holding reported 230,388 shares. Mason Street Advsr Ltd Liability holds 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 10,293 shares. Creative Planning has invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). 284,758 are held by Citadel Advisors Ltd Co. Federated Inc Pa reported 916 shares. Shell Asset Mngmt has 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP) for 3,476 shares. Morgan Stanley owns 818,494 shares. State Street stated it has 3.18M shares. Champlain Inv Prtn Limited holds 0.82% or 723,640 shares. Arga Investment Management Lp has 0.28% invested in Advance Auto Parts, Inc. (NYSE:AAP). Janney Montgomery Scott Limited Company owns 28,963 shares. Acadian Asset Mngmt holds 421 shares.

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