Arrowstreet Capital Limited Partnership Has $9.03 Million Stake in Hudson Technologies, Inc. $HDSN

Arrowstreet Capital Limited Partnership raised its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 102.9% in the second quarter, HoldingsChannel.com reports. The firm owned 1,111,803 shares of the industrial products company’s stock after purchasing an additional 563,899 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Hudson Technologies were worth $9,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hartree Partners LP acquired a new stake in shares of Hudson Technologies in the first quarter valued at approximately $22,046,000. American Century Companies Inc. increased its stake in Hudson Technologies by 23.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,754 shares of the industrial products company’s stock worth $8,711,000 after acquiring an additional 204,695 shares during the period. AQR Capital Management LLC raised its holdings in Hudson Technologies by 7.2% in the 1st quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after acquiring an additional 39,654 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Hudson Technologies by 1.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 410,099 shares of the industrial products company’s stock valued at $3,330,000 after acquiring an additional 7,690 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Hudson Technologies by 49.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after acquiring an additional 80,973 shares during the period. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $6.99 on Wednesday. The company’s 50 day moving average price is $8.08 and its two-hundred day moving average price is $8.58. The firm has a market capitalization of $304.76 million, a P/E ratio of 13.98 and a beta of 0.80. Hudson Technologies, Inc. has a fifty-two week low of $5.11 and a fifty-two week high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Hudson Technologies had a net margin of 9.60% and a return on equity of 8.97%. The company had revenue of $74.01 million during the quarter, compared to the consensus estimate of $72.15 million. On average, analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

HDSN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Canaccord Genuity Group reduced their price objective on shares of Hudson Technologies from $10.50 to $10.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a research report on Thursday, November 6th. Zacks Research downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Hudson Technologies currently has a consensus rating of “Hold” and a consensus target price of $9.33.

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.