Tudor Investment Corp ET AL lowered its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 68.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,803 shares of the industrial products company’s stock after selling 48,447 shares during the period. Tudor Investment Corp ET AL owned approximately 0.05% of Hudson Technologies worth $150,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. AXA acquired a new position in Hudson Technologies during the first quarter valued at about $106,000. Airain ltd acquired a new position in Hudson Technologies during the first quarter valued at about $118,000. BlueCrest Capital Management Ltd acquired a new position in Hudson Technologies during the first quarter valued at about $142,000. Paloma Partners Management Co acquired a new position in Hudson Technologies during the first quarter valued at about $194,000. Finally, Pitcairn Co. acquired a new position in Hudson Technologies during the first quarter valued at about $234,000. Institutional investors and hedge funds own 74.39% of the company’s stock.
Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) opened at 8.56 on Friday. The firm has a 50-day moving average price of $8.60 and a 200-day moving average price of $7.71. The firm has a market capitalization of $356.41 million, a price-to-earnings ratio of 20.05 and a beta of 1.12. Hudson Technologies, Inc. has a 52 week low of $5.42 and a 52 week high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. The company had revenue of $52.23 million during the quarter, compared to analysts’ expectations of $46.34 million. On average, equities analysts expect that Hudson Technologies, Inc. will post $0.40 earnings per share for the current fiscal year.
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A number of research analysts have recently weighed in on the company. B. Riley restated a “buy” rating and issued a $8.50 price target on shares of Hudson Technologies in a research report on Tuesday, May 9th. Roth Capital set a $10.00 price target on Hudson Technologies and gave the company a “buy” rating in a research report on Saturday, June 17th. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, BidaskClub lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Hudson Technologies has a consensus rating of “Hold” and an average price target of $9.50.
Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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