Northern Trust Corp decreased its holdings in shares of Hudson Ltd (NYSE:HUD) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 402,226 shares of the company’s stock after selling 4,089 shares during the quarter. Northern Trust Corp’s holdings in Hudson were worth $6,898,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pearl River Capital LLC bought a new position in shares of Hudson in the fourth quarter valued at approximately $36,000. LPL Financial LLC boosted its holdings in shares of Hudson by 18.6% in the fourth quarter. LPL Financial LLC now owns 22,361 shares of the company’s stock valued at $383,000 after acquiring an additional 3,512 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new position in shares of Hudson in the third quarter valued at approximately $485,000. Credit Suisse AG boosted its holdings in shares of Hudson by 15.3% in the third quarter. Credit Suisse AG now owns 22,755 shares of the company’s stock valued at $514,000 after acquiring an additional 3,022 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Hudson in the third quarter valued at approximately $801,000. Hedge funds and other institutional investors own 44.09% of the company’s stock.
Several research analysts have recently issued reports on HUD shares. Zacks Investment Research cut shares of Hudson from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 8th. Bank of America cut shares of Hudson from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a report on Wednesday, January 16th. Finally, Credit Suisse Group cut shares of Hudson from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $24.00 to $17.00 in a report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Hudson presently has an average rating of “Hold” and a consensus target price of $17.00.
Shares of NYSE:HUD opened at $14.98 on Wednesday. The company has a market cap of $1.39 billion, a P/E ratio of 17.87, a price-to-earnings-growth ratio of 0.72 and a beta of 0.55. Hudson Ltd has a 1-year low of $12.67 and a 1-year high of $23.22. The company has a quick ratio of 1.01, a current ratio of 1.69 and a debt-to-equity ratio of 0.77.
Hudson (NYSE:HUD) last issued its earnings results on Thursday, March 14th. The company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.07). The business had revenue of $471.40 million for the quarter, compared to the consensus estimate of $468.85 million. Hudson had a return on equity of 12.11% and a net margin of 1.53%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.30) earnings per share. As a group, sell-side analysts anticipate that Hudson Ltd will post 0.72 EPS for the current year.
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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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