Intech Investment Management LLC Buys 9,051 Shares of Hudson Technologies, Inc. (NASDAQ:HDSN)

Intech Investment Management LLC raised its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 85.8% in the 4th quarter, HoldingsChannel reports. The firm owned 19,603 shares of the industrial products company’s stock after acquiring an additional 9,051 shares during the quarter. Intech Investment Management LLC’s holdings in Hudson Technologies were worth $109,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Aigen Investment Management LP grew its stake in shares of Hudson Technologies by 13.6% in the 4th quarter. Aigen Investment Management LP now owns 18,052 shares of the industrial products company’s stock valued at $101,000 after buying an additional 2,167 shares during the period. Rhumbline Advisers grew its stake in Hudson Technologies by 3.9% in the fourth quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company’s stock valued at $388,000 after acquiring an additional 2,601 shares during the period. FMR LLC increased its holdings in shares of Hudson Technologies by 299.8% during the third 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 in the last quarter. Quarry LP increased its holdings in shares of Hudson Technologies by 901.1% during the third quarter. Quarry LP now owns 4,675 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 4,208 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Hudson Technologies by 5.9% during the third quarter. Janus Henderson Group PLC now owns 82,500 shares of the industrial products company’s stock worth $688,000 after purchasing an additional 4,584 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Hudson Technologies Stock Up 0.8 %

Shares of NASDAQ:HDSN opened at $6.34 on Friday. The business’s 50 day moving average is $5.86 and its 200 day moving average is $6.43. Hudson Technologies, Inc. has a 12-month low of $5.17 and a 12-month high of $11.49. The stock has a market cap of $279.12 million, a price-to-earnings ratio of 9.75, a PEG ratio of 0.49 and a beta of 1.12.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price target on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating for the company in a research report on Monday, March 10th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.50.

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.