Hudson Technologies, Inc. (NASDAQ:HDSN) Stake Decreased by Praetorian PR LLC

Praetorian PR LLC lessened its stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) by 42.7% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 401,057 shares of the industrial products company’s stock after selling 298,943 shares during the quarter. Hudson Technologies makes up about 1.3% of Praetorian PR LLC’s portfolio, making the stock its 9th largest position. Praetorian PR LLC’s holdings in Hudson Technologies were worth $3,345,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. nVerses Capital LLC bought a new stake in shares of Hudson Technologies in the third quarter valued at $28,000. West Tower Group LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth about $28,000. FMR LLC raised its stake in Hudson Technologies by 299.8% in the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 3,502 shares during the period. Point72 DIFC Ltd purchased a new stake in Hudson Technologies during the second quarter valued at about $55,000. Finally, Quest Partners LLC boosted its position in Hudson Technologies by 121.5% during the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 4,336 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hudson Technologies Price Performance

HDSN opened at $5.94 on Friday. The firm has a market capitalization of $268.48 million, a P/E ratio of 9.14, a price-to-earnings-growth ratio of 0.34 and a beta of 1.22. Hudson Technologies, Inc. has a one year low of $5.35 and a one year high of $15.24. The company has a fifty day moving average price of $7.22 and a 200-day moving average price of $8.13.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The business had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same period in the previous year, the business earned $0.34 earnings per share. On average, analysts expect that Hudson Technologies, Inc. will post 0.57 earnings per share 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.