Heritage Investors Management Corp Sells 1,933 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Heritage Investors Management Corp cut its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 15.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,966 shares of the industrial products company’s stock after selling 1,933 shares during the quarter. Heritage Investors Management Corp’s holdings in Hudson Technologies were worth $61,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HDSN. JPMorgan Chase & Co. increased its stake in Hudson Technologies by 69.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 338,607 shares of the industrial products company’s stock worth $2,824,000 after purchasing an additional 139,042 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter valued at approximately $373,000. Barclays PLC boosted its holdings in shares of Hudson Technologies by 314.0% in the 3rd quarter. Barclays PLC now owns 68,191 shares of the industrial products company’s stock valued at $569,000 after buying an additional 51,719 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Hudson Technologies by 23.3% in the 3rd quarter. Jane Street Group LLC now owns 79,868 shares of the industrial products company’s stock valued at $666,000 after buying an additional 15,099 shares during the last quarter. Finally, Wedge Capital Management L L P NC acquired a new stake in shares of Hudson Technologies in the 4th quarter valued at approximately $1,612,000. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Price Performance

HDSN stock opened at $5.77 on Friday. The stock has a market capitalization of $260.80 million, a price-to-earnings ratio of 8.88, a PEG ratio of 0.49 and a beta of 1.09. The business’s fifty day moving average price is $5.75 and its two-hundred day moving average price is $6.72. Hudson Technologies, Inc. has a fifty-two week low of $5.17 and a fifty-two week high of $14.87.

Analyst Ratings Changes

Several equities research analysts have issued reports on HDSN shares. Canaccord Genuity Group cut their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a report on Tuesday, November 5th. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum downgraded 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 report on Tuesday, November 5th. B. Riley reaffirmed a “neutral” rating and set a $7.25 price target (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday, November 5th. Finally, Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $12.00 to $7.00 in a report on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.