Zacks Investment Research cut shares of Hudson (NYSE:HUD) from a strong-buy rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “Hudson Ltd. is a travel retailers primarily in North America. The Company is anchored by its iconic Hudson, Hudson News and Hudson Bookseller brands and operates duty-paid and duty-free stores primarily in airports, commuter terminals, hotels and tourist destinations. Hudson Ltd. is based in EAST RUTHERFORD, N.J. “
HUD stock opened at $14.82 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.74 and a quick ratio of 1.11. Hudson has a one year low of $13.40 and a one year high of $23.22. The company has a market capitalization of $1.36 billion and a price-to-earnings ratio of 33.68.
Several institutional investors have recently made changes to their positions in HUD. Sei Investments Co. boosted its stake in shares of Hudson by 310.0% in the 2nd quarter. Sei Investments Co. now owns 17,368 shares of the company’s stock valued at $304,000 after purchasing an additional 13,132 shares in the last quarter. Rhumbline Advisers boosted its position in Hudson by 8.6% during the 2nd quarter. Rhumbline Advisers now owns 38,287 shares of the company’s stock valued at $670,000 after buying an additional 3,037 shares during the period. Bank of New York Mellon Corp boosted its position in Hudson by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 112,557 shares of the company’s stock valued at $1,969,000 after buying an additional 9,983 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Hudson by 6.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,200 shares of the company’s stock valued at $1,281,000 after buying an additional 4,600 shares during the period. Finally, BlackRock Inc. boosted its position in Hudson by 6.9% during the 2nd quarter. BlackRock Inc. now owns 2,007,578 shares of the company’s stock valued at $35,113,000 after buying an additional 128,815 shares during the period. 43.24% of the stock is owned by institutional investors.
Hudson Company 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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