New York State Common Retirement Fund boosted its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 25.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 641,725 shares of the industrial products company’s stock after buying an additional 131,194 shares during the period. New York State Common Retirement Fund owned approximately 1.54% of Hudson Technologies worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HDSN. AXA purchased a new position in Hudson Technologies in the 1st quarter valued at approximately $106,000. SG Americas Securities LLC purchased a new position in Hudson Technologies in the 2nd quarter valued at approximately $107,000. Sheaff Brock Investment Advisors LLC grew its stake in Hudson Technologies by 20.8% in the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after buying an additional 2,500 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Hudson Technologies in the 1st quarter valued at approximately $142,000. Finally, Trexquant Investment LP purchased a new position in Hudson Technologies in the 2nd quarter valued at approximately $143,000. Institutional investors and hedge funds own 75.66% of the company’s stock.

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A number of research analysts recently weighed in on HDSN shares. ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Roth Capital set a $11.00 price objective on shares of Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, August 10th. B. Riley reiterated a “buy” rating and issued a $8.50 price objective on shares of Hudson Technologies in a research note on Saturday, August 12th. BidaskClub upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.50.

Hudson Technologies, Inc. (HDSN) opened at 5.96 on Friday. Hudson Technologies, Inc. has a 52-week low of $5.55 and a 52-week high of $10.40. The stock has a market capitalization of $248.16 million, a price-to-earnings ratio of 13.96 and a beta of 1.11. The stock’s 50 day moving average is $8.33 and its 200-day moving average is $8.05.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The firm had revenue of $52.23 million for the quarter, compared to the consensus estimate of $46.34 million. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. Equities research analysts anticipate that Hudson Technologies, Inc. will post $0.32 EPS for the current fiscal year.

About Hudson Technologies

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

Institutional Ownership by Quarter for Hudson Technologies (NASDAQ:HDSN)

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