Atria Investments Inc Grows Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Atria Investments Inc grew its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 24.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,951 shares of the industrial products company’s stock after acquiring an additional 5,823 shares during the period. Atria Investments Inc owned about 0.07% of Hudson Technologies worth $250,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in Hudson Technologies by 240,800.0% in the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock valued at $637,000 after buying an additional 57,792 shares during the last quarter. Vanguard Group Inc. grew its holdings in Hudson Technologies by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock worth $25,108,000 after acquiring an additional 37,158 shares during the period. Lazard Asset Management LLC acquired a new position in Hudson Technologies in the first quarter worth approximately $4,549,000. Virtu Financial LLC acquired a new position in shares of Hudson Technologies in the 1st quarter valued at $114,000. Finally, Swedbank AB purchased a new position in shares of Hudson Technologies in the first quarter worth approximately $1,652,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

HDSN has been the subject of a number of research reports. B. Riley restated a “neutral” rating and set a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Canaccord Genuity Group cut their price objective on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Hudson Technologies currently has a consensus rating of “Hold” and an average target price of $7.85.

Hudson Technologies Trading Down 0.3 %

Shares of NASDAQ HDSN opened at $6.01 on Friday. The firm has a market capitalization of $271.65 million, a price-to-earnings ratio of 9.25, a PEG ratio of 0.35 and a beta of 1.22. The business has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $8.23. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same period in the prior year, the company posted $0.34 EPS. On average, research analysts anticipate that Hudson Technologies, Inc. will post 0.57 earnings per share for the current fiscal year.

Hudson Technologies Company 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.