Los Angeles Capital Management LLC Reduces Stock Holdings in Hudson Technologies, Inc. (NASDAQ:HDSN)

Los Angeles Capital Management LLC lowered its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,440 shares of the industrial products company’s stock after selling 9,900 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.19% of Hudson Technologies worth $704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Hudson Technologies by 37.3% during the first quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock valued at $239,000 after buying an additional 5,894 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Hudson Technologies by 22.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company’s stock worth $824,000 after purchasing an additional 13,732 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Hudson Technologies by 240,800.0% during the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 57,792 shares in the last quarter. Vanguard Group Inc. lifted its position in Hudson Technologies by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,280,462 shares of the industrial products company’s stock valued at $25,108,000 after purchasing an additional 37,158 shares in the last quarter. Finally, Senator Investment Group LP bought a new stake in Hudson Technologies during the first quarter valued at about $1,101,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Stock Performance

HDSN stock opened at $5.95 on Friday. The company has a market capitalization of $268.94 million, a PE ratio of 9.15, a price-to-earnings-growth ratio of 0.36 and a beta of 1.22. The company’s fifty day moving average price is $7.60 and its 200-day moving average price is $8.35. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The business had revenue of $61.94 million for the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.34 EPS. On average, research analysts predict that Hudson Technologies, Inc. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HDSN. Roth Capital cut Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. B. Riley reiterated a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.00 to $7.00 in a research note on Tuesday, November 5th. Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group cut their price target 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. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hudson Technologies has a consensus 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.