Jane Street Group LLC Buys 15,099 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Jane Street Group LLC increased its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 23.3% during the third quarter, HoldingsChannel.com reports. The firm owned 79,868 shares of the industrial products company’s stock after buying an additional 15,099 shares during the period. Jane Street Group LLC’s holdings in Hudson Technologies were worth $666,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Hudson Technologies by 22.0% in 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 buying an additional 364,117 shares in the last quarter. New South Capital Management Inc. lifted its stake in Hudson Technologies by 2.1% in the 3rd quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock worth $11,202,000 after purchasing an additional 27,576 shares in the last quarter. Sixth Street Partners Management Company L.P. lifted its stake in Hudson Technologies by 30.0% in the 2nd 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 in the last quarter. Foundry Partners LLC boosted its holdings in Hudson Technologies by 39.3% in the 2nd quarter. Foundry Partners LLC now owns 941,923 shares of the industrial products company’s stock valued at $8,280,000 after purchasing an additional 265,825 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Hudson Technologies by 11.1% during the 2nd quarter. American Century Companies Inc. now owns 649,711 shares of the industrial products company’s stock valued at $5,711,000 after purchasing an additional 65,174 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hudson Technologies Trading Up 2.8 %

HDSN opened at $5.85 on Friday. The stock has a market capitalization of $264.41 million, a P/E ratio of 9.00, a PEG ratio of 0.34 and a beta of 1.11. The stock has a 50-day moving average price of $6.00 and a 200-day moving average price of $7.47. Hudson Technologies, Inc. has a 12-month low of $5.17 and a 12-month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $64.92 million. During the same quarter in the previous year, the company posted $0.34 EPS. On average, equities research analysts predict that Hudson Technologies, Inc. will post 0.55 EPS for the current year.

Hudson Technologies 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.