UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,284 shares of the industrial products company’s stock after selling 9,035 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Hudson Technologies worth $411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Hudson Technologies in the 3rd quarter valued at about $28,000. West Tower Group LLC acquired a new stake in shares of Hudson Technologies in the third quarter valued at approximately $28,000. FMR LLC increased its stake in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 3,502 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies during the 2nd quarter worth approximately $55,000. Finally, Quest Partners LLC lifted its stake in 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 buying an additional 4,336 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Down 0.2 %

Shares of HDSN opened at $5.29 on Friday. Hudson Technologies, Inc. has a fifty-two week low of $5.17 and a fifty-two week high of $15.24. The company’s fifty day moving average is $6.55 and its two-hundred day moving average is $7.75. The firm has a market cap of $239.10 million, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.36 and a beta of 1.13.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The firm had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same quarter last year, the firm earned $0.34 earnings per share. As a group, equities research analysts anticipate that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

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

About Hudson Technologies

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.