Wedge Capital Management L L P NC Sells 68,214 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Wedge Capital Management L L P NC lowered its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 23.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 220,748 shares of the industrial products company's stock after selling 68,214 shares during the period. Wedge Capital Management L L P NC owned about 0.50% of Hudson Technologies worth $1,362,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Advisers LP lifted its holdings in shares of Hudson Technologies by 147.8% during the fourth quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company's stock valued at $1,308,000 after purchasing an additional 139,800 shares in the last quarter. Millennium Management LLC increased its position in Hudson Technologies by 354.3% in the fourth quarter. Millennium Management LLC now owns 184,407 shares of the industrial products company's stock worth $1,029,000 after purchasing an additional 143,815 shares during the last quarter. Two Sigma Investments LP lifted its position in Hudson Technologies by 332.9% in the fourth quarter. Two Sigma Investments LP now owns 361,978 shares of the industrial products company's stock worth $2,020,000 after buying an additional 278,352 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Hudson Technologies during the 4th quarter worth approximately $249,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $1,733,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a report on Thursday, May 8th. Canaccord Genuity Group lifted their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research note 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $7.25.

Hudson Technologies Price Performance

Hudson Technologies stock traded down $0.04 during trading hours on Thursday, hitting $7.34. The stock had a trading volume of 96,778 shares, compared to its average volume of 493,906. Hudson Technologies, Inc. has a 1-year low of $5.11 and a 1-year high of $9.54. The stock has a market capitalization of $319.15 million, a price-to-earnings ratio of 11.29, a PEG ratio of 0.49 and a beta of 0.93. The stock's fifty day moving average is $6.63 and its two-hundred day moving average is $6.09.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $55.34 million during the quarter, compared to analysts' expectations of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. As a group, sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

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.