Northern Trust Corp reduced its stake in shares of Hudson Ltd (NYSE:HUD) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402,226 shares of the company’s stock after selling 4,089 shares during the period. Northern Trust Corp owned 0.43% of Hudson worth $6,898,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of HUD. Pearl River Capital LLC acquired a new position in Hudson in the 4th quarter valued at $36,000. Credit Suisse AG raised its holdings in Hudson by 15.3% in the 3rd 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 during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Hudson by 3.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 90,217 shares of the company’s stock valued at $1,547,000 after acquiring an additional 3,391 shares during the last quarter. Vanguard Group Inc. raised its holdings in Hudson by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 147,612 shares of the company’s stock valued at $3,330,000 after acquiring an additional 3,447 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in Hudson by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 147,612 shares of the company’s stock valued at $3,330,000 after acquiring an additional 3,447 shares during the last quarter. Hedge funds and other institutional investors own 44.09% of the company’s stock.
HUD has been the subject of several analyst reports. Credit Suisse Group downgraded Hudson from an “outperform” rating to a “neutral” rating and cut their price target for the company from $24.00 to $17.00 in a report on Thursday, January 10th. Bank of America downgraded Hudson from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Wednesday, January 16th. Finally, Zacks Investment Research upgraded Hudson from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, January 17th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Hudson presently has a consensus rating of “Hold” and a consensus price target of $17.00.
Hudson (NYSE:HUD) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The firm had revenue of $471.40 million for the quarter, compared to analyst estimates 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 company earned ($0.30) earnings per share. On average, analysts forecast that Hudson Ltd will post 0.72 earnings per share for the current fiscal 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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