Hudson Global (NASDAQ:HSON) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Hudson Global (NASDAQ:HSON) from a buy rating to a hold rating in a report released on Monday, February 4th.

Hudson Global stock traded down $0.01 during midday trading on Monday, hitting $1.55. The company’s stock had a trading volume of 43,136 shares, compared to its average volume of 16,321. Hudson Global has a 1-year low of $1.22 and a 1-year high of $2.14.

A number of hedge funds have recently added to or reduced their stakes in HSON. Renaissance Technologies LLC increased its holdings in Hudson Global by 10.5% in the 2nd quarter. Renaissance Technologies LLC now owns 757,099 shares of the business services provider’s stock valued at $1,227,000 after buying an additional 71,899 shares during the period. Schneider Capital Management Corp increased its holdings in Hudson Global by 6.4% in the 3rd quarter. Schneider Capital Management Corp now owns 805,362 shares of the business services provider’s stock valued at $1,281,000 after buying an additional 48,589 shares during the period. Price Wealth Management Inc. bought a new position in Hudson Global in the 4th quarter valued at about $76,000. Prescott Group Capital Management L.L.C. bought a new position in Hudson Global in the 4th quarter valued at about $202,000. Finally, Cannell Capital LLC increased its holdings in Hudson Global by 5.3% in the 4th quarter. Cannell Capital LLC now owns 2,340,742 shares of the business services provider’s stock valued at $3,160,000 after buying an additional 118,558 shares during the period. 60.54% of the stock is currently owned by hedge funds and other institutional investors.

About Hudson Global

Hudson Global, Inc provides professional-level recruitment and related talent solutions for small to large-sized corporations and government agencies worldwide. The company offers permanent recruitment services; and contracting services, such as project management, interim management, and professional contract staffing.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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