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

Heritage Investors Management Corp lowered its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 15.0% during the fourth quarter, Holdings Channel reports. The firm owned 10,966 shares of the industrial products company’s stock after selling 1,933 shares during the period. Heritage Investors Management Corp’s holdings in Hudson Technologies were worth $61,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. West Tower Group LLC bought a new position in shares of Hudson Technologies in the third quarter worth $28,000. FMR LLC increased its position in shares of Hudson Technologies by 299.8% in the third quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 3,502 shares during the period. Quarry LP increased its position in shares of Hudson Technologies by 901.1% in the third quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 4,208 shares during the period. Intech Investment Management LLC bought a new position in shares of Hudson Technologies in the third quarter worth $88,000. Finally, Creative Planning bought a new position in shares of Hudson Technologies in the third quarter worth $106,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

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

Hudson Technologies Trading Down 1.7 %

Shares of HDSN stock opened at $5.77 on Friday. The business’s 50-day moving average price is $5.75 and its 200-day moving average price is $6.72. Hudson Technologies, Inc. has a 12 month low of $5.17 and a 12 month high of $14.87. The firm 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.

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.