Renaissance Technologies LLC Sells 28,600 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Renaissance Technologies LLC trimmed its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,324,850 shares of the industrial products company’s stock after selling 28,600 shares during the period. Renaissance Technologies LLC owned approximately 2.91% of Hudson Technologies worth $11,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Hudson Technologies by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 1,770 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Hudson Technologies by 20.2% in the second quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 2,300 shares in the last quarter. ClariVest Asset Management LLC grew its stake in shares of Hudson Technologies by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock worth $823,000 after acquiring an additional 2,555 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hudson Technologies by 10.3% during the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock valued at $253,000 after acquiring an additional 2,673 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Hudson Technologies by 121.5% in the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 4,336 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. B. Riley dropped their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Craig Hallum dropped their price objective on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.60.

Hudson Technologies Trading Down 2.7 %

Shares of NASDAQ:HDSN opened at $8.19 on Monday. Hudson Technologies, Inc. has a twelve month low of $6.94 and a twelve month high of $15.24. The company has a market cap of $372.74 million, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.45 and a beta of 1.21. The company’s 50 day moving average is $8.25 and its 200 day moving average is $9.32.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. The business had revenue of $75.28 million during the quarter, compared to analyst estimates of $78.63 million. During the same quarter in the previous year, the company earned $0.41 EPS. Equities research analysts predict that Hudson Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

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.