Squarepoint Ops LLC Sells 44,430 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Squarepoint Ops LLC trimmed its stake in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 78.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,542 shares of the industrial products company's stock after selling 44,430 shares during the quarter. Squarepoint Ops LLC's holdings in Hudson Technologies were worth $70,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HDSN. Two Sigma Advisers LP grew 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 buying an additional 139,800 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of Hudson Technologies by 332.9% during the fourth quarter. Two Sigma Investments LP now owns 361,978 shares of the industrial products company's stock valued at $2,020,000 after buying an additional 278,352 shares during the last quarter. State of Wyoming acquired a new position in shares of Hudson Technologies during the fourth quarter valued at about $53,000. ProShare Advisors LLC acquired a new position in shares of Hudson Technologies during the fourth quarter valued at about $70,000. Finally, Man Group plc acquired a new position in shares of Hudson Technologies during the fourth quarter valued at about $797,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

HDSN stock traded down $0.14 during mid-day trading on Friday, hitting $7.28. The company had a trading volume of 385,474 shares, compared to its average volume of 492,699. The firm has a market cap of $316.54 million, a PE ratio of 11.20, a price-to-earnings-growth ratio of 0.49 and a beta of 0.93. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $9.28. The stock's fifty day moving average price is $6.71 and its two-hundred day moving average price is $6.11.

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 the consensus estimate of $0.01 by $0.05. The business had revenue of $55.34 million for the quarter, compared to analyst estimates of $52.23 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. Equities analysts anticipate that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HDSN. Craig Hallum raised 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. Canaccord Genuity Group raised their price target on shares of Hudson Technologies from $6.25 to $6.75 and gave the company a "hold" rating in a research report on Thursday, May 8th. Four research 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, Hudson Technologies has a consensus rating of "Hold" and an average target price of $7.25.

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.