Tudor Investment Corp ET AL Acquires New Position in Hudson Technologies, Inc. $HDSN

Tudor Investment Corp ET AL acquired a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 207,249 shares of the industrial products company’s stock, valued at approximately $2,058,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HDSN. Westerly Capital Management LLC boosted its holdings in shares of Hudson Technologies by 63.3% in the 2nd quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock valued at $16,240,000 after purchasing an additional 775,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Hudson Technologies by 102.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,111,803 shares of the industrial products company’s stock valued at $9,028,000 after purchasing an additional 563,899 shares during the last quarter. Oaktree Capital Management LP acquired a new position in shares of Hudson Technologies during the 2nd quarter worth $4,569,000. American Century Companies Inc. raised its holdings in shares of Hudson Technologies by 23.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,754 shares of the industrial products company’s stock worth $8,711,000 after buying an additional 204,695 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Hudson Technologies by 222.7% during the 3rd quarter. Lazard Asset Management LLC now owns 260,805 shares of the industrial products company’s stock worth $2,590,000 after buying an additional 179,994 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Stock Down 7.4%

Shares of HDSN opened at $5.76 on Friday. The stock has a market cap of $244.62 million, a PE ratio of 16.00 and a beta of 0.92. Hudson Technologies, Inc. has a 12-month low of $5.11 and a 12-month high of $10.52. The business has a 50-day simple moving average of $6.85 and a two-hundred day simple moving average of $7.67.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, March 4th. The industrial products company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.04). Hudson Technologies had a return on equity of 7.88% and a net margin of 6.76%.The firm had revenue of $44.41 million for the quarter, compared to the consensus estimate of $38.12 million. On average, equities research analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $10.00 to $9.50 and set a “buy” rating on the stock in a research note on Friday, March 6th. Weiss Ratings cut shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. B. Riley Financial reduced their price target on shares of Hudson Technologies from $10.50 to $9.50 and set a “buy” rating on the stock in a research note on Thursday, March 5th. Roth Mkm decreased their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, March 6th. Finally, Wall Street Zen cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.00.

About Hudson Technologies

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.