Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 91.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 196,580 shares of the industrial products company's stock after buying an additional 93,944 shares during the period. Cubist Systematic Strategies LLC owned about 0.43% of Hudson Technologies worth $1,097,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Hudson Technologies by 152.0% during the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock valued at $4,761,000 after purchasing an additional 514,645 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Hudson Technologies during the 4th quarter valued at about $1,733,000. 683 Capital Management LLC boosted its holdings in shares of Hudson Technologies by 89.4% during the 4th quarter. 683 Capital Management LLC now owns 635,900 shares of the industrial products company's stock valued at $3,548,000 after purchasing an additional 300,110 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Hudson Technologies during the 4th quarter valued at about $1,612,000. Finally, Bastion Asset Management Inc. bought a new position in shares of Hudson Technologies during the 4th quarter valued at about $1,487,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

HDSN has been the topic of several recent research reports. Canaccord Genuity Group upped their target price on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research report on Thursday, May 8th. Craig Hallum raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7.25.

Hudson Technologies Stock Performance

HDSN traded down $0.06 during trading on Friday, hitting $7.82. The stock had a trading volume of 480,410 shares, compared to its average volume of 513,129. The company has a market capitalization of $340.02 million, a PE ratio of 12.03, a PEG ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a twelve month low of $5.11 and a twelve month high of $10.04. The stock has a 50 day simple moving average of $6.20 and a two-hundred day simple moving average of $5.98.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. On average, equities research analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.