California State Teachers Retirement System Buys New Stake in Hudson Technologies, Inc. (HDSN)

California State Teachers Retirement System bought a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 65,000 shares of the industrial products company’s stock, valued at approximately $549,000. California State Teachers Retirement System owned approximately 0.16% of Hudson Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HDSN. SG Americas Securities LLC purchased a new position in Hudson Technologies during the second quarter valued at $107,000. Sheaff Brock Investment Advisors LLC lifted its position in Hudson Technologies by 20.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock valued at $123,000 after purchasing an additional 2,500 shares in the last quarter. Gotham Asset Management LLC lifted its position in Hudson Technologies by 25.0% during the second quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 2,994 shares in the last quarter. Voya Investment Management LLC purchased a new position in Hudson Technologies during the second quarter valued at $131,000. Finally, Optimum Investment Advisors lifted its position in Hudson Technologies by 14.8% during the second quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock valued at $131,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 76.15% of the company’s stock.

HDSN has been the topic of several analyst reports. B. Riley downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $8.50 to $10.00 in a research report on Wednesday, August 9th. Roth Capital set a $11.00 target price on Hudson Technologies and gave the company a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Finally, ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.25.

Hudson Technologies, Inc. (NASDAQ HDSN) opened at $5.61 on Wednesday. Hudson Technologies, Inc. has a 52-week low of $5.49 and a 52-week high of $10.40. The company has a market capitalization of $237.94, a PE ratio of 16.17, a PEG ratio of 0.77 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The business had revenue of $24.70 million for the quarter, compared to the consensus estimate of $25.00 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business’s revenue was down 29.2% on a year-over-year basis. analysts forecast that Hudson Technologies, Inc. will post 0.3 EPS for the current fiscal year.

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Hudson Technologies Company Profile

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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