Comerica Bank Sells 61,632 Shares of Hudson Technologies, Inc. $HDSN

Key Points

• Comerica Bank has reduced its stakes in Hudson Technologies by 60.2%, owning only 40,803 shares, valued at $252,000 following the sale of 61,632 shares in the first quarter.
• Several investors have altered their positions in Hudson Technologies, with New South Capital Management increasing its stake by 12.3%, purchasing an additional 162,002 shares during the same period.
• Hudson Technologies reported a net margin of 8.08% and an EPS of $0.23 for the last quarter, surpassing analysts' expectations of $0.15.

Comerica Bank lessened its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 60.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,803 shares of the industrial products company's stock after selling 61,632 shares during the period. Comerica Bank owned 0.09% of Hudson Technologies worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HDSN. Wealth Enhancement Advisory Services LLC bought a new position in Hudson Technologies during the 1st quarter worth $79,000. Sequoia Financial Advisors LLC increased its position in Hudson Technologies by 24.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company's stock worth $102,000 after buying an additional 3,225 shares during the period. GAMMA Investing LLC increased its position in Hudson Technologies by 111.8% during the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after buying an additional 2,624 shares during the period. New South Capital Management Inc. increased its position in Hudson Technologies by 12.3% during the 1st quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company's stock worth $9,155,000 after buying an additional 162,002 shares during the period. Finally, Two Sigma Advisers LP increased its position in Hudson Technologies by 147.8% during the 4th quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company's stock worth $1,308,000 after buying an additional 139,800 shares during the period. Institutional investors own 71.34% of the company's stock.

Hudson Technologies Trading Down 2.5%

Shares of HDSN stock opened at $10.05 on Wednesday. The business's 50-day moving average price is $9.19 and its 200-day moving average price is $7.49. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.45. The firm has a market capitalization of $438.88 million, a price-to-earnings ratio of 25.13 and a beta of 0.97.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The company had revenue of $72.85 million for the quarter, compared to analyst estimates of $71.67 million. On average, sell-side analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HDSN has been the topic of several analyst reports. Canaccord Genuity Group raised Hudson Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. Wall Street Zen raised Hudson Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, B. Riley raised Hudson Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.50 to $9.00 in a report on Monday, June 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Hudson Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $8.63.

Hudson Technologies 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.

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