Victory Capital Management Inc. Sells 35,547 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Victory Capital Management Inc. lessened its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 46.8% during the third quarter, HoldingsChannel.com reports. The fund owned 40,381 shares of the industrial products company’s stock after selling 35,547 shares during the period. Victory Capital Management Inc.’s holdings in Hudson Technologies were worth $337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Hudson Technologies in the third quarter valued at about $28,000. Point72 DIFC Ltd bought a new position in Hudson Technologies in the second quarter valued at about $55,000. Quest Partners LLC grew its position in Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 4,336 shares during the last quarter. Bleakley Financial Group LLC bought a new position in Hudson Technologies in the third quarter valued at about $96,000. Finally, Creative Planning bought a new position in Hudson Technologies in the third quarter valued at about $106,000. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $5.94 on Friday. The stock’s 50 day moving average is $7.22 and its 200 day moving average is $8.13. The firm has a market cap of $268.48 million, a P/E ratio of 9.14, a P/E/G ratio of 0.34 and a beta of 1.22. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. During the same period in the previous year, the firm earned $0.34 earnings per share. Equities analysts anticipate that Hudson Technologies, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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