Barclays PLC Grows Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Barclays PLC boosted its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 314.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,191 shares of the industrial products company’s stock after acquiring an additional 51,719 shares during the period. Barclays PLC owned about 0.15% of Hudson Technologies worth $569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HDSN. nVerses Capital LLC purchased a new position in Hudson Technologies during the third quarter valued at approximately $28,000. West Tower Group LLC bought a new stake in Hudson Technologies during the 3rd quarter valued at $28,000. Quarry LP increased its holdings in shares of Hudson Technologies by 901.1% in the 3rd quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 4,208 shares during the period. FMR LLC raised its position in shares of Hudson Technologies by 299.8% in the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Hudson Technologies during the 2nd quarter worth $55,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Up 2.2 %

HDSN stock opened at $5.58 on Thursday. The stock has a market capitalization of $252.22 million, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.34 and a beta of 1.13. Hudson Technologies, Inc. has a 52 week low of $5.17 and a 52 week high of $15.24. The firm has a 50 day moving average of $6.08 and a 200 day moving average of $7.50.

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

Analyst Ratings Changes

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

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.