Victory Capital Management Inc. Boosts Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Victory Capital Management Inc. boosted its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 79.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,552 shares of the industrial products company’s stock after purchasing an additional 32,171 shares during the period. Victory Capital Management Inc. owned approximately 0.16% of Hudson Technologies worth $405,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. West Tower Group LLC purchased a new position in Hudson Technologies during the third quarter worth approximately $28,000. FMR LLC raised its stake 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 valued at $39,000 after acquiring an additional 3,502 shares during the period. Quarry LP raised its stake 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. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Hudson Technologies in the 4th quarter valued at $72,000. Finally, Intech Investment Management LLC purchased a new position in shares of Hudson Technologies in the 3rd quarter valued at $88,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research note on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.50.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $6.15 on Friday. Hudson Technologies, Inc. has a 12-month low of $5.17 and a 12-month high of $11.92. The company has a market capitalization of $270.75 million, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The firm’s fifty day moving average price is $5.83 and its 200 day moving average price is $6.47.

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.