Engineers Gate Manager LP boosted its position in Hudson Ltd (NYSE:HUD) by 99.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,998 shares of the company’s stock after buying an additional 25,868 shares during the quarter. Engineers Gate Manager LP owned approximately 0.06% of Hudson worth $1,173,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Federated Investors Inc. PA acquired a new stake in Hudson in the 2nd quarter valued at approximately $30,667,000. Legal & General Group Plc acquired a new stake in Hudson in the 1st quarter valued at approximately $1,463,000. Bank of New York Mellon Corp raised its position in Hudson by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 112,557 shares of the company’s stock valued at $1,969,000 after buying an additional 9,983 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Hudson by 20.0% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the company’s stock valued at $1,049,000 after buying an additional 10,000 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of Hudson during the 2nd quarter worth approximately $154,000. 38.52% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on HUD shares. Morgan Stanley boosted their price target on Hudson from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Monday, August 6th. Zacks Investment Research raised Hudson from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.00.
NYSE:HUD opened at $20.07 on Friday. The company has a market cap of $1.89 billion and a price-to-earnings ratio of 45.61. Hudson Ltd has a twelve month low of $14.23 and a twelve month high of $23.22. The company has a current ratio of 1.74, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79.
Hudson (NYSE:HUD) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. The firm had revenue of $526.60 million for the quarter, compared to analyst estimates of $529.50 million. Hudson had a positive return on equity of 13.19% and a negative net margin of 0.33%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts forecast that Hudson Ltd will post 0.89 EPS for the current fiscal year.
Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.
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