Hudson Global (NASDAQ:HSON) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Hudson Global (NASDAQ:HSON) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Hudson Global, Inc. provides recruitment and related talent solutions worldwide. The services offered by the Company include Permanent Recruitment, Contract Consulting, Legal eDiscovery, Recruitment Process Outsourcing and Talent Management solutions. Its clients include small to large-sized corporations and government agencies. Hudson Global, Inc., formerly known as Hudson Highland Group, Inc., is based in New York. “

Separately, TheStreet raised Hudson Global from a c rating to a b rating in a report on Friday, November 5th.

NASDAQ:HSON opened at $26.86 on Tuesday. The business’s 50 day moving average is $27.00 and its two-hundred day moving average is $20.59. Hudson Global has a 52 week low of $11.01 and a 52 week high of $30.99. The company has a market cap of $72.71 million, a PE ratio of 36.01, a P/E/G ratio of 0.65 and a beta of 0.38.

Hudson Global (NASDAQ:HSON) last released its earnings results on Friday, November 5th. The business services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. Hudson Global had a return on equity of 10.27% and a net margin of 1.62%. The company had revenue of $45.01 million for the quarter, compared to the consensus estimate of $40.35 million. During the same quarter last year, the business posted ($0.38) EPS. Analysts anticipate that Hudson Global will post 1.48 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in HSON. Renaissance Technologies LLC lifted its holdings in shares of Hudson Global by 2.3% in the 2nd quarter. Renaissance Technologies LLC now owns 103,065 shares of the business services provider’s stock worth $1,819,000 after purchasing an additional 2,300 shares during the last quarter. State Street Corp bought a new stake in shares of Hudson Global in the 2nd quarter worth approximately $210,000. SG Capital Management LLC bought a new stake in shares of Hudson Global in the 3rd quarter worth approximately $222,000. Geode Capital Management LLC lifted its holdings in shares of Hudson Global by 13.9% in the 3rd quarter. Geode Capital Management LLC now owns 11,495 shares of the business services provider’s stock worth $182,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Hudson Global by 1.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 416,626 shares of the business services provider’s stock worth $6,624,000 after purchasing an additional 6,500 shares during the last quarter. 64.42% of the stock is currently owned by institutional investors and hedge funds.

About Hudson Global

Hudson Global, Inc is a talent solutions company, which engages in the provision of recruitment outsourcing and total talent solutions to organizations. It operates through the following segments: Americas, Asia Pacific, and Europe. Its services include permanent recruitment, contracting, recruitment process outsourcing, and talent management solutions.

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