Blackhawk Network Holdings (HAWK) Position Has Raised by Tensile Capital Management Llc; Proxima Capital Management Lowered Its Holding in Magnachip Semiconductor (MX) as Stock Price Rose

April 14, 2018 - By Ruchi Gupta

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

Douglas Dossey increased its stake in Blackhawk Network Holdings Inc (HAWK) by 30.3% based on its latest 2017Q4 regulatory filing with the SEC. Tensile Capital Management Llc bought 257,800 shares as the company’s stock rose 32.05% while stock markets declined. The hedge fund run by Douglas Dossey held 1.11M shares of the finance company at the end of 2017Q4, valued at $39.53M, up from 850,954 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Blackhawk Network Holdings Inc for a number of months, seems to be bullish on the $2.45 billion market cap company. The stock decreased 0.11% or $0.05 during the last trading session, reaching $44.8. About 358,579 shares traded. Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) has risen 17.17% since April 14, 2017 and is uptrending. It has outperformed by 5.62% the S&P500.

Youlia Miteva decreased its stake in Magnachip Semiconductor Corp (MX) by 43.96% based on its latest 2017Q4 regulatory filing with the SEC. Proxima Capital Management Llc sold 200,000 shares as the company’s stock rose 3.11% while stock markets declined. The hedge fund run by Youlia Miteva held 255,000 shares of the semiconductors company at the end of 2017Q4, valued at $2.54 million, down from 455,000 at the end of the previous reported quarter. Proxima Capital Management Llc who had been investing in Magnachip Semiconductor Corp for a number of months, seems to be less bullish one the $333.48M market cap company. The stock decreased 1.52% or $0.15 during the last trading session, reaching $9.75. About 311,108 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 9.94% since April 14, 2017 and is uptrending. It has underperformed by 1.61% the S&P500.

Since January 24, 2018, it had 7 buys, and 3 sales for $3.61 million activity. Shares for $32,432 were bought by KEATING MELVIN L on Tuesday, February 13. 149,000 shares were sold by Brigade Leveraged Capital Structures Offshore Ltd, worth $1.93M on Wednesday, January 24. Shares for $72,598 were bought by Kim Jonathan W. On Wednesday, January 24 Brigade Leveraged Capital Structures Fund Ltd. sold $1.93 million worth of MagnaChip Semiconductor Corporation (NYSE:MX) or 149,000 shares. $45,438 worth of MagnaChip Semiconductor Corporation (NYSE:MX) was bought by Kim Theodore S. $81,325 worth of MagnaChip Semiconductor Corporation (NYSE:MX) was bought by Kim Young-Joon.

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Topeka Capital Markets given on Thursday, February 18. Citigroup maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Monday, August 7 with “Neutral” rating. The stock has “Buy” rating by Needham on Friday, August 4. The rating was initiated by Roth Capital with “Buy” on Thursday, September 29. On Wednesday, June 14 the stock rating was maintained by Roth Capital with “Buy”. The stock has “Buy” rating by Needham on Friday, January 13. The firm has “Buy” rating given on Wednesday, August 9 by Roth Capital. Topeka Capital Markets maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Friday, August 7 with “Buy” rating. Citigroup initiated the stock with “Neutral” rating in Wednesday, May 10 report. The company was initiated on Thursday, September 29 by TH Capital.

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.14, from 1.17 in 2017Q3. It dropped, as 13 investors sold MX shares while 18 reduced holdings. 13 funds opened positions while 19 raised stakes. 25.63 million shares or 7.06% more from 23.94 million shares in 2017Q3 were reported. Dixon Hubard Feinour & Brown Incorporated Va has 17,000 shares. Trexquant LP reported 36,276 shares. Legal General Grp Public Ltd Liability Com accumulated 3,400 shares. Hood River Limited Liability Corporation has invested 1.19% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Ellington Ltd stated it has 0.04% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Oaktree Management Ltd Partnership stated it has 0.47% in MagnaChip Semiconductor Corporation (NYSE:MX). Connor Clark & Lunn Invest Management Ltd holds 0.03% or 525,050 shares in its portfolio. Goldman Sachs Gru has invested 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Pdt Ptnrs accumulated 115,794 shares or 0.03% of the stock. Malaga Cove Ltd Liability Corp holds 22,167 shares or 0.12% of its portfolio. Barclays Public Limited Company reported 2,510 shares stake. Silverback Asset Ltd Liability Com reported 459,713 shares. Proxima Capital Llc has 255,000 shares. Invesco Limited reported 0% in MagnaChip Semiconductor Corporation (NYSE:MX). Tower Rech Cap Lc (Trc) reported 14,347 shares stake.

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on May, 2. They expect $0.06 earnings per share, up 700.00% or $0.07 from last year’s $-0.01 per share. MX’s profit will be $2.05 million for 40.63 P/E if the $0.06 EPS becomes a reality. After $0.23 actual earnings per share reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts -73.91% negative EPS growth.

Tensile Capital Management Llc, which manages about $504.77 million and $589.03M US Long portfolio, decreased its stake in Matson Inc (NYSE:MATX) by 100,000 shares to 154,746 shares, valued at $4.62 million in 2017Q4, according to the filing. It also reduced its holding in Diamond Offshore Drilling (NYSE:DO) by 120,000 shares in the quarter, leaving it with 435,000 shares, and cut its stake in Expeditors Intl Wash Inc (NASDAQ:EXPD).

Among 14 analysts covering Blackhawk Network Holdings (NASDAQ:HAWK), 3 have Buy rating, 0 Sell and 11 Hold. Therefore 21% are positive. Blackhawk Network Holdings had 40 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, January 23. First Analysis downgraded the stock to “Hold” rating in Tuesday, January 23 report. Raymond James downgraded the shares of HAWK in report on Thursday, October 12 to “Market Perform” rating. Mizuho maintained it with “Buy” rating and $51.0 target in Thursday, October 12 report. The stock of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) earned “Hold” rating by SunTrust on Wednesday, January 31. The firm has “Hold” rating given on Wednesday, January 17 by Credit Suisse. On Wednesday, June 28 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The stock of Blackhawk Network Holdings, Inc. (NASDAQ:HAWK) has “Neutral” rating given on Thursday, April 28 by Wedbush. The company was maintained on Thursday, February 25 by Deutsche Bank. The firm has “Buy” rating given on Friday, October 6 by Mizuho.

MagnaChip Semiconductor Corporation (NYSE:MX) Institutional Positions Chart

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