207,249 Shares in Hudson Technologies, Inc. $HDSN Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp bought a new position of 207,249 shares of Hudson Technologies (NASDAQ:HDSN) in Q3, a stake worth about $2.06 million and roughly 0.48% of the company.
• Hudson's most recent quarter showed an EPS of ($0.13), missing estimates by $0.04 while revenue of $44.41 million beat expectations, and analyst coverage has become mixed with a consensus "Hold" and a $9 target after several downgrades and price-target cuts.
• The stock has a market capitalization of $254.8 million, a 52-week range of $5.14–$10.52, and about 71.34% institutional ownership.

Tudor Investment Corp ET AL bought a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 207,249 shares of the industrial products company's stock, valued at approximately $2,058,000. Tudor Investment Corp ET AL owned approximately 0.48% of Hudson Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in Hudson Technologies by 10.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,747 shares of the industrial products company's stock worth $115,000 after purchasing an additional 1,247 shares in the last quarter. CWM LLC grew its stake in Hudson Technologies by 13.7% during the 3rd quarter. CWM LLC now owns 14,102 shares of the industrial products company's stock worth $140,000 after purchasing an additional 1,696 shares in the last quarter. Quarry LP grew its stake in Hudson Technologies by 51.9% during the 3rd quarter. Quarry LP now owns 5,281 shares of the industrial products company's stock worth $52,000 after purchasing an additional 1,805 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Hudson Technologies by 88.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company's stock worth $75,000 after purchasing an additional 3,532 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Hudson Technologies by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 105,061 shares of the industrial products company's stock worth $1,043,000 after purchasing an additional 3,912 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

Hudson Technologies stock opened at $6.00 on Monday. Hudson Technologies, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $10.52. The company has a market capitalization of $254.81 million, a P/E ratio of 16.67 and a beta of 0.99. The stock has a 50-day simple moving average of $6.58 and a 200-day simple moving average of $7.36.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Hudson Technologies had a net margin of 6.76% and a return on equity of 7.88%. The firm had revenue of $44.41 million during the quarter, compared to analysts' expectations of $38.12 million. As a group, analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on HDSN shares. Canaccord Genuity Group decreased their price target on Hudson Technologies from $10.00 to $9.50 and set a "buy" rating for the company in a report on Friday, March 6th. B. Riley Financial decreased their price target on Hudson Technologies from $10.50 to $9.50 and set a "buy" rating for the company in a report on Thursday, March 5th. Wall Street Zen downgraded Hudson Technologies from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Weiss Ratings downgraded Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 2nd. Finally, Roth Mkm decreased their price target on Hudson Technologies from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.00.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company's core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.

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