State of New Jersey Common Pension Fund D reduced its position in shares of Hudson Ltd (NYSE:HUD) by 88.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,217 shares of the company’s stock after selling 80,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hudson were worth $125,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of HUD. Rockefeller Capital Management L.P. purchased a new stake in Hudson during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. grew its position in shares of Hudson by 729.7% in the third quarter. Meeder Asset Management Inc. now owns 2,622 shares of the company’s stock valued at $33,000 after purchasing an additional 2,306 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Hudson in the second quarter valued at approximately $45,000. SG Americas Securities LLC purchased a new stake in shares of Hudson in the second quarter valued at approximately $120,000. Finally, M&T Bank Corp grew its position in shares of Hudson by 36.3% in the second quarter. M&T Bank Corp now owns 15,450 shares of the company’s stock valued at $213,000 after purchasing an additional 4,111 shares in the last quarter. Institutional investors own 42.20% of the company’s stock.
A number of research firms have recently issued reports on HUD. Zacks Investment Research lowered Hudson from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Morgan Stanley set a $16.00 price objective on Hudson and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Bank of America lowered Hudson from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, November 5th. Finally, ValuEngine upgraded Hudson from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.25.
Hudson (NYSE:HUD) last released its quarterly earnings results on Monday, November 4th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Hudson had a return on equity of 8.65% and a net margin of 0.57%. The firm had revenue of $523.00 million for the quarter, compared to analyst estimates of $533.87 million. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts forecast that Hudson Ltd will post 0.61 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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