Hudson Technologies, Inc. (NASDAQ:HDSN) Position Boosted by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 282.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,345,553 shares of the industrial products company's stock after buying an additional 993,833 shares during the period. D. E. Shaw & Co. Inc. owned 2.98% of Hudson Technologies worth $7,508,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quarry LP raised its position in Hudson Technologies by 89.1% in the 4th quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock worth $49,000 after buying an additional 4,165 shares during the last quarter. RPO LLC bought a new position in shares of Hudson Technologies during the 4th quarter valued at approximately $62,000. EP Wealth Advisors LLC bought a new position in shares of Hudson Technologies during the 4th quarter valued at approximately $71,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Hudson Technologies during the 4th quarter valued at approximately $72,000. Finally, Ieq Capital LLC bought a new stake in Hudson Technologies in the fourth quarter worth $91,000. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a report on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Hudson Technologies currently has a consensus rating of "Hold" and a consensus target price of $7.25.

Hudson Technologies Price Performance

Shares of HDSN stock traded down $0.06 during midday trading on Monday, hitting $7.76. The company had a trading volume of 395,371 shares, compared to its average volume of 513,830. The company's 50 day simple moving average is $6.20 and its 200 day simple moving average is $5.95. The stock has a market cap of $337.41 million, a price-to-earnings ratio of 11.94, a PEG ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $10.04.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. 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.