Hudson Ltd (HUD) Holdings Raised by Bank of America Corp DE

Bank of America Corp DE raised its holdings in shares of Hudson Ltd (NYSE:HUD) by 2,374.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,150 shares of the company’s stock after acquiring an additional 115,295 shares during the quarter. Bank of America Corp DE’s holdings in Hudson were worth $2,101,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Federated Investors Inc. PA bought a new stake in Hudson during the second quarter valued at about $30,667,000. Legal & General Group Plc bought a new stake in Hudson during the first quarter valued at about $1,463,000. Bank of New York Mellon Corp raised its holdings in Hudson by 9.7% during the second quarter. Bank of New York Mellon Corp now owns 112,557 shares of the company’s stock valued at $1,969,000 after acquiring an additional 9,983 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Hudson by 20.0% during the second 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 acquiring an additional 10,000 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Hudson by 6.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 73,200 shares of the company’s stock valued at $1,281,000 after acquiring an additional 4,600 shares during the period. 38.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of HUD stock opened at $20.07 on Friday. Hudson Ltd has a 12-month low of $14.23 and a 12-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. The stock has a market capitalization of $1.89 billion and a PE ratio of 45.61.

Hudson (NYSE:HUD) last issued its earnings results on Monday, November 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.11. Hudson had a positive return on equity of 13.19% and a negative net margin of 0.33%. The firm had revenue of $526.60 million for the quarter, compared to analysts’ expectations of $529.50 million. Hudson’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts predict that Hudson Ltd will post 0.89 EPS for the current year.

A number of research firms have commented on HUD. 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 report on Tuesday, August 7th. Morgan Stanley lifted their target price on Hudson from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, August 6th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Hudson currently has an average rating of “Buy” and a consensus target price of $20.00.

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Hudson Profile

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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Institutional Ownership by Quarter for Hudson (NYSE:HUD)

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