Hudson Ltd (NYSE:HUD) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 749,400 shares, an increase of 9.0% from the May 30th total of 687,300 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average trading volume of 233,000 shares, the short-interest ratio is presently 3.2 days.
Shares of HUD traded down $0.12 during mid-day trading on Tuesday, reaching $13.88. 92,946 shares of the company’s stock were exchanged, compared to its average volume of 222,371. The company has a quick ratio of 0.63, a current ratio of 1.05 and a debt-to-equity ratio of 2.19. The stock has a market cap of $1.29 billion, a PE ratio of 16.72 and a beta of 0.76. The stock’s fifty day simple moving average is $13.79. Hudson has a 52-week low of $12.67 and a 52-week high of $23.22.
Hudson (NYSE:HUD) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Hudson had a return on equity of 12.30% and a net margin of 1.47%. The firm had revenue of $445.00 million during the quarter, compared to the consensus estimate of $437.08 million. During the same period last year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Hudson will post 0.69 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of HUD. BNP Paribas Arbitrage SA acquired a new stake in shares of Hudson during the first quarter worth $114,000. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Hudson by 25.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 25,041 shares of the company’s stock worth $344,000 after purchasing an additional 5,147 shares during the period. LPL Financial LLC lifted its holdings in shares of Hudson by 18.6% during the fourth quarter. LPL Financial LLC now owns 22,361 shares of the company’s stock worth $383,000 after purchasing an additional 3,512 shares during the period. Globeflex Capital L P acquired a new stake in shares of Hudson during the fourth quarter worth $604,000. Finally, Renaissance Group LLC lifted its holdings in shares of Hudson by 2.7% during the first quarter. Renaissance Group LLC now owns 45,225 shares of the company’s stock worth $622,000 after purchasing an additional 1,185 shares during the period. 41.76% of the stock is owned by hedge funds and other institutional investors.
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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