D. E. Shaw & Co. Inc. Increases Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

D. E. Shaw & Co. Inc. raised its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 282.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,345,553 shares of the industrial products company's stock after purchasing an additional 993,833 shares during the quarter. D. E. Shaw & Co. Inc. owned 2.98% of Hudson Technologies worth $7,508,000 as of its most recent SEC filing.

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

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN traded down $0.12 during midday trading on Wednesday, hitting $7.59. 46,989 shares of the stock traded hands, compared to its average volume of 488,601. The business has a 50 day moving average price of $6.27 and a two-hundred day moving average price of $5.97. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $10.04. The company has a market cap of $329.80 million, a PE ratio of 11.65, a P/E/G ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) 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 business had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. As a group, equities research analysts forecast that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target on the stock in a research report on Thursday, May 8th. Canaccord Genuity Group increased their price target on Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $7.25.

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.