JPMorgan Chase & Co. Buys 514,645 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

JPMorgan Chase & Co. increased its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) by 152.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 853,252 shares of the industrial products company's stock after purchasing an additional 514,645 shares during the period. JPMorgan Chase & Co. owned approximately 1.89% of Hudson Technologies worth $4,761,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Hudson Technologies by 299.8% in the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 3,502 shares during the period. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in Hudson Technologies in the 4th quarter valued at approximately $72,000. Ieq Capital LLC acquired a new position in Hudson Technologies during the fourth quarter worth $91,000. Aigen Investment Management LP boosted its holdings in shares of Hudson Technologies by 13.6% in the 4th quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company's stock valued at $101,000 after buying an additional 2,167 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Hudson Technologies by 85.8% in the 4th quarter. Intech Investment Management LLC now owns 19,603 shares of the industrial products company's stock valued at $109,000 after purchasing an additional 9,051 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a "hold" rating on the stock in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hudson Technologies currently has a consensus rating of "Hold" and a consensus price target of $7.50.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN traded up $0.05 during trading on Thursday, reaching $5.36. 45,448 shares of the stock traded hands, compared to its average volume of 501,733. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $10.84. The company has a 50-day moving average of $5.79 and a 200-day moving average of $6.09. The stock has a market capitalization of $235.80 million, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 0.49 and a beta of 1.03.

Hudson Technologies 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.