Hudson (NYSE:HUD) Sets New 12-Month Low at $10.87
Shares of Hudson Ltd (NYSE:HUD) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $10.87 and last traded at $10.88, with a volume of 194857 shares traded. The stock had previously closed at $11.25.
A number of equities analysts have recently issued reports on HUD shares. Morgan Stanley set a $16.00 target price on Hudson and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Credit Suisse Group raised Hudson from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $17.00 to $19.00 in a research note on Wednesday, May 1st. Finally, Zacks Investment Research downgraded Hudson from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd.
The stock has a market capitalization of $1.04 billion, a PE ratio of 13.29 and a beta of 0.75. The firm has a 50 day moving average of $12.80 and a two-hundred day moving average of $13.98. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.11.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. purchased a new position in Hudson in the 2nd quarter valued at approximately $25,000. Bank of Montreal Can purchased a new position in Hudson during the second quarter worth $45,000. BNP Paribas Arbitrage SA purchased a new position in Hudson during the first quarter worth $114,000. SG Americas Securities LLC purchased a new position in Hudson during the second quarter worth $120,000. Finally, M&T Bank Corp increased its position in Hudson by 36.3% during the second quarter. M&T Bank Corp now owns 15,450 shares of the company’s stock worth $213,000 after buying an additional 4,111 shares in the last quarter. 42.57% of the stock is owned by hedge funds and other institutional investors.
Hudson Company Profile (NYSE:HUD)
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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