Millennium Management LLC Acquires 143,815 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Millennium Management LLC increased its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 354.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 184,407 shares of the industrial products company's stock after purchasing an additional 143,815 shares during the quarter. Millennium Management LLC owned approximately 0.41% of Hudson Technologies worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HDSN. Renaissance Technologies LLC grew its holdings in Hudson Technologies by 19.6% in the 4th quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company's stock worth $8,382,000 after acquiring an additional 246,000 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Hudson Technologies by 282.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,345,553 shares of the industrial products company's stock worth $7,508,000 after purchasing an additional 993,833 shares during the period. Westerly Capital Management LLC raised its holdings in Hudson Technologies by 25.6% during the fourth quarter. Westerly Capital Management LLC now owns 1,017,580 shares of the industrial products company's stock valued at $5,678,000 after acquiring an additional 207,580 shares during the period. Geode Capital Management LLC grew its holdings in Hudson Technologies by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 995,729 shares of the industrial products company's stock valued at $5,558,000 after buying an additional 4,873 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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. Institutional investors own 71.34% of the company's stock.

Hudson Technologies Stock Up 2.2%

Shares of Hudson Technologies stock traded up $0.16 during trading hours on Monday, hitting $7.31. 396,473 shares of the company's stock traded hands, compared to its average volume of 497,161. The stock has a 50 day simple moving average of $6.53 and a 200-day simple moving average of $6.07. The company has a market cap of $317.85 million, a PE ratio of 11.25, a PEG ratio of 0.49 and a beta of 0.93. Hudson Technologies, Inc. has a twelve month low of $5.11 and a twelve month high of $9.54.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. The business had revenue of $55.34 million for the quarter, compared to analysts' expectations of $52.23 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. As a group, equities research analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on HDSN. Canaccord Genuity Group boosted their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a research note on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective on the stock in a research report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus 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.