Y Intercept Hong Kong Ltd Reduces Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Y Intercept Hong Kong Ltd reduced its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 53.7% in the third quarter, Holdings Channel.com reports. The fund owned 37,070 shares of the industrial products company’s stock after selling 43,050 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hudson Technologies were worth $309,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HDSN. XTX Topco Ltd bought a new stake in shares of Hudson Technologies during the third quarter worth $347,000. Jane Street Group LLC lifted its holdings in Hudson Technologies by 23.3% during the 3rd quarter. Jane Street Group LLC now owns 79,868 shares of the industrial products company’s stock valued at $666,000 after buying an additional 15,099 shares in the last quarter. Quarry LP boosted its position in 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 buying an additional 4,208 shares during the period. Janus Henderson Group PLC grew its stake in Hudson Technologies by 5.9% in the 3rd quarter. Janus Henderson Group PLC now owns 82,500 shares of the industrial products company’s stock worth $688,000 after acquiring an additional 4,584 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in shares of Hudson Technologies during the third quarter worth approximately $215,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $5.37 on Wednesday. The business’s 50-day moving average is $6.70 and its 200 day moving average is $7.81. Hudson Technologies, Inc. has a 1 year low of $5.29 and a 1 year high of $15.24. The firm has a market capitalization of $242.72 million, a P/E ratio of 8.26, a P/E/G ratio of 0.36 and a beta of 1.13.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $61.94 million for the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.34 earnings per share. On average, analysts expect that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

HDSN has been the subject of a number of research reports. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and lowered their price target for the company from $10.00 to $7.00 in a report on Tuesday, November 5th. B. Riley reaffirmed a “neutral” rating and issued a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Canaccord Genuity Group cut their target price 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. Finally, Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $12.00 to $7.00 in a research report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.