Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 354.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 184,407 shares of the industrial products company's stock after acquiring an additional 143,815 shares during the quarter. Millennium Management LLC owned 0.41% of Hudson Technologies worth $1,029,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. purchased a new stake in Hudson Technologies in the fourth quarter valued at approximately $791,000. Graham Capital Management L.P. grew its stake in shares of Hudson Technologies by 125.7% in the fourth quarter. Graham Capital Management L.P. now owns 80,945 shares of the industrial products company's stock valued at $452,000 after buying an additional 45,083 shares in the last quarter. Forest Hill Capital LLC purchased a new stake in shares of Hudson Technologies in the 4th quarter valued at $558,000. Deutsche Bank AG lifted its stake in Hudson Technologies by 36.9% during the 4th quarter. Deutsche Bank AG now owns 70,995 shares of the industrial products company's stock worth $396,000 after acquiring an additional 19,146 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Hudson Technologies by 282.6% during 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 acquiring an additional 993,833 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HDSN shares. Canaccord Genuity Group lifted their target price on Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research report on Thursday, May 8th. Craig Hallum raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price objective for the company in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's 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 Trading Down 0.3%

HDSN traded down $0.02 on Friday, hitting $7.15. 174,161 shares of the company were exchanged, compared to its average volume of 497,566. The company has a market cap of $310.89 million, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.49 and a beta of 0.93. The firm has a 50-day moving average price of $6.53 and a two-hundred day moving average price of $6.07. 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 announced its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 EPS for the quarter, topping analysts' consensus estimates 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. Equities analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

About Hudson Technologies

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.