AQR Capital Management LLC Cuts Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

AQR Capital Management LLC reduced its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 43.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 20,904 shares of the industrial products company’s stock after selling 16,025 shares during the period. AQR Capital Management LLC’s holdings in Hudson Technologies were worth $184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swedbank AB acquired a new stake in Hudson Technologies during the 1st quarter worth approximately $1,652,000. Russell Investments Group Ltd. increased its position in Hudson Technologies by 240,800.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock worth $637,000 after purchasing an additional 57,792 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Hudson Technologies by 39.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 355,918 shares of the industrial products company’s stock worth $3,919,000 after purchasing an additional 100,613 shares in the last quarter. Sixth Street Partners Management Company L.P. increased its position in Hudson Technologies by 30.0% during the 2nd 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 in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Hudson Technologies during the 2nd quarter worth approximately $687,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of HDSN opened at $8.12 on Friday. The business’s fifty day moving average price is $8.01 and its 200 day moving average price is $8.87. Hudson Technologies, Inc. has a 12-month low of $6.94 and a 12-month high of $15.24. The stock has a market capitalization of $369.55 million, a PE ratio of 8.29, a price-to-earnings-growth ratio of 0.44 and a beta of 1.20.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). The company had revenue of $75.28 million during the quarter, compared to the consensus estimate of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, research analysts anticipate that Hudson Technologies, Inc. will post 0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HDSN has been the subject of several recent research reports. B. Riley lowered their price objective on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Craig Hallum lowered their price objective on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.60.

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.