Two Sigma Advisers LP increased its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 147.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,400 shares of the industrial products company's stock after purchasing an additional 139,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.52% of Hudson Technologies worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its stake in shares of Hudson Technologies by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company's stock valued at $160,000 after purchasing an additional 9,319 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Hudson Technologies by 50.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company's stock valued at $305,000 after acquiring an additional 18,344 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Hudson Technologies by 3.9% in the 4th quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock valued at $388,000 after acquiring an additional 2,601 shares during the last quarter. Ieq Capital LLC acquired a new position in Hudson Technologies during the 4th quarter valued at approximately $91,000. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Hudson Technologies during the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 71.34% of the company's stock.
Hudson Technologies Stock Down 0.6%
Shares of Hudson Technologies stock traded down $0.04 during trading on Monday, reaching $7.11. 385,858 shares of the company were exchanged, compared to its average volume of 500,047. Hudson Technologies, Inc. has a twelve month low of $5.11 and a twelve month high of $9.58. The business has a 50-day moving average price of $6.44 and a 200-day moving average price of $6.02. The firm has a market capitalization of $309.15 million, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.49 and a beta of 0.92.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.05. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The firm had revenue of $55.34 million for the quarter, compared to analyst estimates of $52.23 million. On average, equities research analysts forecast that Hudson Technologies, Inc. will post 0.55 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target for the company in a research report on Thursday, May 8th. Canaccord Genuity Group upped their price target on 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.25.
View Our Latest Stock Report on HDSN
Hudson Technologies Company Profile
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Free Report)
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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