Atria Investments Inc Buys 5,823 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Atria Investments Inc lifted its holdings in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 24.1% during the 3rd quarter, Holdings Channel reports. The firm owned 29,951 shares of the industrial products company’s stock after purchasing an additional 5,823 shares during the period. Atria Investments Inc’s holdings in Hudson Technologies were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HDSN. Swedbank AB bought a new position in Hudson Technologies in the 1st quarter valued at approximately $1,652,000. Russell Investments Group Ltd. raised its stake in shares of 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 acquiring an additional 57,792 shares during the last quarter. Sixth Street Partners Management Company L.P. lifted its holdings in shares of Hudson Technologies by 30.0% during the second 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 during the period. Commonwealth Equity Services LLC bought a new stake in shares of Hudson Technologies in the second quarter worth $687,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Hudson Technologies by 22.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after acquiring an additional 364,117 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on HDSN shares. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 5th. B. Riley reiterated a “neutral” rating and set a $7.25 price objective (down from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Roth Mkm cut Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $7.00 in a research note on Tuesday, November 5th. Finally, Canaccord Genuity Group decreased their target price on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Stock Performance

Shares of HDSN opened at $6.01 on Friday. The firm has a market cap of $271.65 million, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.22. Hudson Technologies, Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $15.24. The business has a 50-day moving average of $7.41 and a 200 day moving average of $8.23.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The company had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same period in the previous year, the business earned $0.34 earnings per share. As a group, research analysts predict that Hudson Technologies, Inc. will post 0.57 earnings per share for the current fiscal year.

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.