Two Sigma Investments LP Boosts Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Two Sigma Investments LP grew its position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 332.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,978 shares of the industrial products company's stock after purchasing an additional 278,352 shares during the period. Two Sigma Investments LP owned about 0.80% of Hudson Technologies worth $2,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HDSN. SG Americas Securities LLC raised its holdings in shares of Hudson Technologies by 48.1% in the fourth 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 during the last quarter. Rhumbline Advisers raised its holdings in shares of Hudson Technologies by 3.9% in the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company's stock valued at $388,000 after purchasing an additional 2,601 shares during the last quarter. Ieq Capital LLC purchased a new stake in shares of Hudson Technologies in the fourth quarter valued at about $91,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Hudson Technologies in the fourth quarter valued at about $72,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Hudson Technologies by 61.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 59,731 shares of the industrial products company's stock valued at $333,000 after purchasing an additional 22,661 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on HDSN. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 target price for the company in a report on Thursday, May 8th. Canaccord Genuity Group raised their price objective on shares of Hudson Technologies from $6.25 to $6.75 and gave the stock a "hold" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.25.

Hudson Technologies Stock Down 0.6%

NASDAQ HDSN traded down $0.04 during trading hours on Thursday, reaching $7.17. 308,448 shares of the company were exchanged, compared to its average volume of 498,393. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $9.58. The business's 50 day simple moving average is $6.51 and its 200-day simple moving average is $6.06. The stock has a market capitalization of $311.76 million, a P/E ratio of 11.03, a P/E/G ratio of 0.49 and a beta of 0.92.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.74%. The business had revenue of $55.34 million during the quarter, compared to the consensus estimate of $52.23 million. As a group, sell-side analysts anticipate that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

About Hudson Technologies

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.