Hudson Technologies, Inc. (NASDAQ:HDSN) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC cut its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 59.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,497 shares of the industrial products company's stock after selling 79,661 shares during the period. Sherbrooke Park Advisers LLC owned approximately 0.12% of Hudson Technologies worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Aigen Investment Management LP grew its position in shares of Hudson Technologies by 13.6% in the fourth quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 2,167 shares in the last quarter. Rhumbline Advisers grew its position in shares of Hudson Technologies by 3.9% in the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock valued at $388,000 after purchasing an additional 2,601 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Hudson Technologies by 4.8% in the fourth quarter. Franklin Resources Inc. now owns 73,104 shares of the industrial products company's stock valued at $408,000 after purchasing an additional 3,335 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Hudson Technologies by 3.7% in the fourth quarter. Russell Investments Group Ltd. now owns 110,727 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 3,990 shares in the last quarter. Finally, Quarry LP grew its position in shares of Hudson Technologies by 89.1% in the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock valued at $49,000 after purchasing an additional 4,165 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HDSN has been the subject of a number of analyst reports. Canaccord Genuity Group upped their price target 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 upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target for the company in a research report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.25.

Hudson Technologies Price Performance

HDSN traded down $0.10 during trading hours on Friday, reaching $7.08. The company's stock had a trading volume of 333,154 shares, compared to its average volume of 514,408. Hudson Technologies, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $9.70. The stock has a market cap of $307.85 million, a PE ratio of 10.89, a P/E/G ratio of 0.49 and a beta of 0.92. The business's 50-day moving average is $6.34 and its 200-day moving average is $5.98.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 EPS for the quarter, beating 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 firm had revenue of $55.34 million for the quarter, compared to analysts' expectations of $52.23 million. 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.