Hudson Technologies, Inc. $HDSN Shares Sold by Trexquant Investment LP

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 reduced its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 38.7% during the 1st quarter, according to the company in its most recent 13F filing with the 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 0.26% of Hudson Technologies worth $708,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of HDSN. Wells Fargo & Company MN raised its holdings in shares of Hudson Technologies by 30.2% during the 4th quarter. Wells Fargo & Company MN now owns 25,349 shares of the industrial products company's stock valued at $141,000 after buying an additional 5,878 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Hudson Technologies during the 4th quarter valued at about $249,000. First Trust Advisors LP purchased a new stake in Hudson Technologies during the 4th quarter worth approximately $129,000. Price T Rowe Associates Inc. MD increased its holdings in Hudson Technologies by 20.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,192 shares of the industrial products company's stock worth $219,000 after purchasing an additional 6,673 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Hudson Technologies by 22.4% during the 4th quarter. Voya Investment Management LLC now owns 37,435 shares of the industrial products company's stock worth $209,000 after purchasing an additional 6,839 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN traded down $0.15 during trading on Friday, reaching $10.16. The stock had a trading volume of 183,764 shares, compared to its average volume of 330,538. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $10.45. The stock has a market cap of $443.69 million, a PE ratio of 25.40 and a beta of 0.97. The firm's 50 day moving average price is $9.32 and its two-hundred day moving average price is $7.57.

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, beating analysts' consensus estimates of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The business had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. On average, research analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HDSN shares. Canaccord Genuity Group upgraded Hudson Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. Wall Street Zen upgraded Hudson Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, B. Riley upgraded Hudson Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $7.50 to $9.00 in a report on Monday, June 16th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $8.63.

Hudson Technologies Company 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.