Geode Capital Management LLC Raises Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Geode Capital Management LLC lifted its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 990,856 shares of the industrial products company’s stock after purchasing an additional 10,707 shares during the quarter. Geode Capital Management LLC owned about 2.19% of Hudson Technologies worth $8,265,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in HDSN. Dimensional Fund Advisors LP increased its stake in Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after acquiring an additional 364,117 shares during the last quarter. New South Capital Management Inc. grew its holdings in shares of Hudson Technologies by 2.1% in the third quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock valued at $11,202,000 after purchasing an additional 27,576 shares in the last quarter. Sixth Street Partners Management Company L.P. increased its position in Hudson Technologies by 30.0% in the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after purchasing an additional 300,000 shares during the last quarter. Foundry Partners LLC raised its stake in Hudson Technologies by 39.3% during the second quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock valued at $8,280,000 after purchasing an additional 265,825 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Hudson Technologies by 11.1% during the second quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company’s stock valued at $5,711,000 after purchasing an additional 65,174 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HDSN. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. B. Riley reissued a “neutral” rating and set a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a research note on Tuesday, November 5th. Canaccord Genuity Group lowered 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. Roth Mkm cut Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Finally, Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $10.00 to $7.00 in a report 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 an average rating of “Hold” and a consensus target price of $7.85.

Hudson Technologies Stock Performance

HDSN opened at $5.69 on Friday. The stock’s 50 day moving average price is $6.04 and its 200-day moving average price is $7.49. Hudson Technologies, Inc. has a one year low of $5.17 and a one year high of $15.24. The stock has a market cap of $257.19 million, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.34 and a beta of 1.13.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, analysts predict that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

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.