Y Intercept Hong Kong Ltd Buys 22,661 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Y Intercept Hong Kong Ltd boosted its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 61.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,731 shares of the industrial products company’s stock after purchasing an additional 22,661 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.13% of Hudson Technologies worth $333,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HDSN. Wedge Capital Management L L P NC purchased a new stake in shares of Hudson Technologies during the fourth quarter valued at approximately $1,612,000. JPMorgan Chase & Co. lifted its position in Hudson Technologies by 69.7% during the third quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock valued at $2,824,000 after purchasing an additional 139,042 shares during the period. Barclays PLC lifted its position in Hudson Technologies by 314.0% during the third quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock valued at $569,000 after purchasing an additional 51,719 shares during the period. Sanctuary Advisors LLC bought a new position in Hudson Technologies during the third quarter valued at approximately $373,000. Finally, XTX Topco Ltd bought a new position in Hudson Technologies during the third quarter valued at approximately $347,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

Shares of HDSN opened at $5.47 on Tuesday. Hudson Technologies, Inc. has a fifty-two week low of $5.17 and a fifty-two week high of $14.69. The company has a 50 day moving average price of $5.76 and a 200-day moving average price of $6.69. The stock has a market capitalization of $247.24 million, a PE ratio of 8.42, a PEG ratio of 0.49 and a beta of 1.09.

Analysts Set New Price Targets

Several research firms have weighed in on HDSN. Canaccord Genuity Group decreased their price target 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. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $10.00 to $7.00 in a research note on Tuesday, November 5th. Finally, B. Riley reaffirmed a “neutral” rating and set a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Hudson Technologies has an average rating of “Hold” and a consensus price target 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.