Tudor Investment Corp ET AL Takes Position in Hudson Technologies, Inc. $HDSN

Key Points

• Tudor Investment Corp ET AL established a new position in Hudson Technologies of 207,249 shares (~$2.06M), representing 0.48% of the company at quarter end, while other hedge funds also adjusted stakes and institutional ownership totals 71.34%.
• Hudson reported Q results with EPS of ($0.13) missing the ($0.09) consensus but revenue of $44.41M beating estimates; analysts' consensus rating is Hold with a $9.00 price target.
• Shares opened at $5.76, trading in a 52‑week range of $5.11–$10.52, with a market cap of $244.6M and a P/E of 16.00.

Tudor Investment Corp ET AL bought a new position in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 207,249 shares of the industrial products company's stock, valued at approximately $2,058,000. Tudor Investment Corp ET AL owned 0.48% of Hudson Technologies at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Nkcfo LLC acquired a new position in Hudson Technologies in the 3rd quarter valued at $47,000. Quarry LP lifted its holdings in shares of Hudson Technologies by 51.9% during the third quarter. Quarry LP now owns 5,281 shares of the industrial products company's stock worth $52,000 after buying an additional 1,805 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Hudson Technologies by 88.3% during the third quarter. BNP Paribas Financial Markets now owns 7,530 shares of the industrial products company's stock worth $75,000 after buying an additional 3,532 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Hudson Technologies by 177.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock worth $71,000 after buying an additional 5,576 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Hudson Technologies in the third quarter valued at about $115,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $5.76 on Friday. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $10.52. The stock has a market capitalization of $244.62 million, a P/E ratio of 16.00 and a beta of 0.92. The stock's fifty day moving average is $6.85 and its 200 day moving average is $7.67.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). The firm had revenue of $44.41 million for the quarter, compared to the consensus estimate of $38.12 million. Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%. Equities research analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Roth Mkm decreased their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, March 6th. Weiss Ratings downgraded shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, March 2nd. Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $10.00 to $9.50 and set a "buy" rating on the stock in a research report on Friday, March 6th. B. Riley Financial lowered their target price on shares of Hudson Technologies from $10.50 to $9.50 and set a "buy" rating on the stock in a report on Thursday, March 5th. Finally, Wall Street Zen downgraded shares of Hudson Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9.00.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company's core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.

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