Intech Investment Management LLC Takes $88,000 Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Intech Investment Management LLC bought a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,552 shares of the industrial products company’s stock, valued at approximately $88,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at $28,000. Point72 DIFC Ltd purchased a new stake in Hudson Technologies during the second quarter valued at about $55,000. Quest Partners LLC boosted its holdings in shares of Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after buying an additional 4,336 shares during the period. Bleakley Financial Group LLC purchased a new position in shares of Hudson Technologies in the third quarter worth approximately $96,000. Finally, Creative Planning purchased a new position in shares of Hudson Technologies in the third quarter worth approximately $106,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Trading Down 1.0 %

Shares of NASDAQ:HDSN opened at $5.85 on Monday. The firm has a market cap of $264.41 million, a price-to-earnings ratio of 9.00, a P/E/G ratio of 0.35 and a beta of 1.13. Hudson Technologies, Inc. has a 1 year low of $5.35 and a 1 year high of $15.24. The business has a fifty day simple moving average of $6.96 and a 200 day simple moving average of $7.97.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate 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 last year, the business earned $0.34 EPS. On average, sell-side analysts forecast that Hudson Technologies, Inc. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.