3,573,142 Shares in Hudson Technologies, Inc. $HDSN Bought by Hartree Partners LP

Key Points

• Hartree Partners LP invested approximately $22.05 million in Hudson Technologies, acquiring 3,573,142 shares, making it the firm's 3rd largest holding.
• Several hedge funds, including GAMMA Investing LLC and Quarry LP, have increased their positions in Hudson Technologies significantly, with overall hedge fund ownership now at 71.34%.
• Hudson Technologies reported an EPS of $0.23 for the last quarter, exceeding analyst estimates, and currently has a consensus rating of "Moderate Buy" with a target price of $8.63.

Hartree Partners LP bought a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,573,142 shares of the industrial products company's stock, valued at approximately $22,046,000. Hudson Technologies accounts for about 7.9% of Hartree Partners LP's investment portfolio, making the stock its 3rd biggest position. Hartree Partners LP owned 8.13% of Hudson Technologies as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Hudson Technologies by 111.8% during the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,624 shares during the period. Quarry LP increased its holdings in shares of Hudson Technologies by 89.1% during the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock worth $49,000 after purchasing an additional 4,165 shares during the period. State of Wyoming acquired a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $53,000. ProShare Advisors LLC acquired a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $70,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $71,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and increased their price target for the stock from $6.75 to $10.50 in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Hudson Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 23rd. B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $7.50 to $9.00 in a research report on Monday, June 16th. Finally, 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. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $8.63.

Hudson Technologies Stock Up 0.7%

Shares of HDSN stock traded up $0.07 during trading hours on Thursday, hitting $10.32. 140,150 shares of the company's stock traded hands, compared to its average volume of 460,221. The stock's 50 day simple moving average is $8.79 and its 200 day simple moving average is $7.21. The stock has a market cap of $450.67 million, a PE ratio of 25.70, a price-to-earnings-growth ratio of 0.71 and a beta of 0.96. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.34.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08. The firm had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. As a group, equities research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal 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.