Squarepoint Ops LLC Has $70,000 Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

Squarepoint Ops LLC trimmed its position in Hudson Technologies, Inc. (NASDAQ:HDSN) by 78.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,542 shares of the industrial products company’s stock after selling 44,430 shares during the quarter. Squarepoint Ops LLC’s holdings in Hudson Technologies were worth $70,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Two Sigma Advisers LP raised its stake in shares of Hudson Technologies by 147.8% in the fourth quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company’s stock valued at $1,308,000 after purchasing an additional 139,800 shares in the last quarter. Two Sigma Investments LP grew its position in Hudson Technologies by 332.9% in the fourth quarter. Two Sigma Investments LP now owns 361,978 shares of the industrial products company’s stock valued at $2,020,000 after acquiring an additional 278,352 shares during the period. State of Wyoming bought a new stake in Hudson Technologies in the fourth quarter valued at $53,000. ProShare Advisors LLC bought a new stake in Hudson Technologies in the fourth quarter valued at $70,000. Finally, Man Group plc bought a new stake in Hudson Technologies in the fourth quarter valued at $797,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $7.33 on Wednesday. The stock’s fifty day moving average is $6.59 and its 200-day moving average is $6.08. The stock has a market capitalization of $318.72 million, a PE ratio of 11.28, a PEG ratio of 0.49 and a beta of 0.93. Hudson Technologies, Inc. has a 52 week low of $5.11 and a 52 week high of $9.54.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.01 by $0.05. The company had revenue of $55.34 million for the quarter, compared to analysts’ expectations of $52.23 million. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. As a group, analysts forecast that Hudson Technologies, Inc. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Canaccord Genuity Group upped their price target on Hudson Technologies from $6.25 to $6.75 and gave the company a “hold” rating in a research report on Thursday, May 8th. Craig Hallum upgraded Hudson Technologies from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.25.

About Hudson Technologies

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.