Trexquant Investment LP Sells 72,332 Shares of Hudson Technologies, Inc. $HDSN

Key Points

• Trexquant Investment LP has reduced its stake in Hudson Technologies by 38.7%, selling 72,332 shares and holding about 0.26% of the company worth $708,000.
• Analysts have recently upgraded Hudson Technologies' stock ratings, with a consensus rating of "Moderate Buy" and a target price of $8.63.
• Hudson Technologies reported earnings of $0.23 per share in its last quarterly results, exceeding analysts' expectations of $0.15.

Trexquant Investment LP trimmed its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 38.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,729 shares of the industrial products company's stock after selling 72,332 shares during the quarter. Trexquant Investment LP owned about 0.26% of Hudson Technologies worth $708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Hudson Technologies by 111.8% during the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,624 shares during the period. State of Wyoming bought a new position in Hudson Technologies during the fourth quarter worth $53,000. ProShare Advisors LLC bought a new position in Hudson Technologies during the fourth quarter worth $70,000. EP Wealth Advisors LLC bought a new stake in shares of Hudson Technologies in the fourth quarter valued at about $71,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hudson Technologies in the first quarter valued at about $79,000. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Stock Down 1.5%

HDSN stock opened at $10.20 on Monday. The company's 50-day moving average price is $9.11 and its two-hundred day moving average price is $7.44. The firm has a market cap of $445.43 million, a P/E ratio of 25.50 and a beta of 0.97. Hudson Technologies, Inc. has a 12 month low of $5.11 and a 12 month high of $10.45.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The company had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. Equities analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Hudson Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday. B. Riley raised shares of Hudson Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the company from $7.50 to $9.00 in a research report on Monday, June 16th. Finally, Canaccord Genuity Group raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and boosted their target price for the company from $6.75 to $10.50 in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.63.

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.

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