XTX Topco Ltd Cuts Stock Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

XTX Topco Ltd lessened its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 84.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,951 shares of the industrial products company’s stock after selling 87,278 shares during the period. XTX Topco Ltd’s holdings in Hudson Technologies were worth $98,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in Hudson Technologies by 41.0% in the first quarter. Victory Capital Management Inc. now owns 102,308 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 29,756 shares during the last quarter. Isthmus Partners LLC purchased a new position in Hudson Technologies in the first quarter valued at about $187,000. CWM LLC grew its stake in Hudson Technologies by 186.9% in the first quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 9,187 shares during the last quarter. New South Capital Management Inc. grew its stake in shares of Hudson Technologies by 12.3% during the first quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company’s stock worth $9,155,000 after acquiring an additional 162,002 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Hudson Technologies by 24.2% during the first quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 3,225 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Hudson Technologies Price Performance

Shares of NASDAQ:HDSN opened at $9.60 on Friday. Hudson Technologies, Inc. has a 1 year low of $5.11 and a 1 year high of $10.06. The firm has a market capitalization of $419.23 million, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 0.70 and a beta of 0.96. The business’s 50 day moving average price is $8.40 and its 200-day moving average price is $6.96.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%. The firm had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. On average, sell-side analysts expect that Hudson Technologies, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HDSN. 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 note on Thursday, May 8th. Canaccord Genuity Group upgraded Hudson Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $6.75 to $10.50 in a research note on Thursday, July 31st. Wall Street Zen upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, B. Riley upgraded Hudson Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $7.50 to $9.00 in a research note on Monday, June 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.63.

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.