Two Sigma Advisers LP boosted its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 147.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,400 shares of the industrial products company's stock after buying an additional 139,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.52% of Hudson Technologies worth $1,308,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new position in shares of Hudson Technologies during the 4th quarter worth approximately $1,733,000. Raymond James Financial Inc. bought a new position in Hudson Technologies in the 4th quarter valued at about $249,000. JPMorgan Chase & Co. raised its holdings in Hudson Technologies by 152.0% in the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company's stock valued at $4,761,000 after acquiring an additional 514,645 shares during the period. Bastion Asset Management Inc. acquired a new stake in Hudson Technologies during the fourth quarter worth approximately $1,487,000. Finally, Graham Capital Management L.P. boosted its holdings in shares of Hudson Technologies by 125.7% during the fourth quarter. Graham Capital Management L.P. now owns 80,945 shares of the industrial products company's stock worth $452,000 after acquiring an additional 45,083 shares during the period. Institutional investors own 71.34% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on HDSN. Craig Hallum upgraded Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group increased their price objective on Hudson Technologies from $6.25 to $6.75 and gave the stock 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, Hudson Technologies presently has a consensus rating of "Hold" and a consensus price target of $7.25.
View Our Latest Stock Report on HDSN
Hudson Technologies Stock Performance
Shares of HDSN stock traded down $0.04 during trading on Wednesday, hitting $7.21. The company had a trading volume of 296,940 shares, compared to its average volume of 498,346. The firm has a market capitalization of $313.50 million, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. Hudson Technologies, Inc. has a one year low of $5.11 and a one year high of $9.58. The stock's 50-day moving average price is $6.49 and its 200 day moving average price is $6.05.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.05. The firm had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. On average, research analysts anticipate that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.
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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