State of New Jersey Common Pension Fund D Takes Position in Hudson (HUD)

State of New Jersey Common Pension Fund D bought a new stake in Hudson (NYSE:HUD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the company’s stock, valued at approximately $796,000. State of New Jersey Common Pension Fund D owned approximately 0.05% of Hudson at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American International Group Inc. purchased a new position in Hudson in the first quarter valued at about $405,000. Quantitative Systematic Strategies LLC purchased a new position in Hudson in the first quarter valued at about $513,000. Rhumbline Advisers purchased a new position in Hudson in the first quarter valued at about $561,000. Wells Fargo & Company MN purchased a new position in Hudson in the first quarter valued at about $800,000. Finally, Engineers Gate Manager LP purchased a new position in Hudson in the first quarter valued at about $951,000. Hedge funds and other institutional investors own 37.74% of the company’s stock.

A number of research analysts have commented on the company. ValuEngine downgraded Hudson from a “buy” rating to a “hold” rating in a research note on Tuesday, April 17th. Zacks Investment Research cut Hudson from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Goldman Sachs Group started coverage on Hudson in a research report on Monday, February 26th. They issued a “buy” rating and a $19.00 price target for the company. Bank of America started coverage on Hudson in a research report on Monday, February 26th. They issued a “buy” rating and a $19.00 price target for the company. Finally, UBS started coverage on Hudson in a research report on Monday, February 26th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Hudson currently has an average rating of “Buy” and an average target price of $18.25.

Shares of NYSE:HUD opened at $18.03 on Friday. Hudson has a fifty-two week low of $14.23 and a fifty-two week high of $18.38. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.50 and a quick ratio of 0.88.

Hudson (NYSE:HUD) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $426.80 million during the quarter, compared to analyst estimates of $415.67 million. equities analysts anticipate that Hudson will post 0.76 EPS for the current fiscal year.

Hudson Profile

Hudson Ltd. operates as a duty-paid and duty-free travel retail company. 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.

Institutional Ownership by Quarter for Hudson (NYSE:HUD)

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