Arrowstreet Capital Limited Partnership Takes Position in Hudson Technologies, Inc. (NASDAQ:HDSN)

Arrowstreet Capital Limited Partnership bought a new stake in shares of Hudson Technologies, Inc. (NASDAQ:HDSN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 310,564 shares of the industrial products company’s stock, valued at approximately $1,733,000. Arrowstreet Capital Limited Partnership owned about 0.69% of Hudson Technologies as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Hudson Technologies by 152.0% during the 4th quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock valued at $4,761,000 after buying an additional 514,645 shares during the period. Wedge Capital Management L L P NC purchased a new stake in shares of Hudson Technologies during the fourth quarter worth about $1,612,000. American Century Companies Inc. boosted its holdings in shares of Hudson Technologies by 13.0% during the fourth quarter. American Century Companies Inc. now owns 790,472 shares of the industrial products company’s stock worth $4,411,000 after purchasing an additional 90,921 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Hudson Technologies in the fourth quarter worth about $455,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Hudson Technologies during the 4th quarter valued at about $426,000. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $5.53 on Friday. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $10.84. The stock has a market capitalization of $243.46 million, a price-to-earnings ratio of 8.51, a PEG ratio of 0.49 and a beta of 1.03. The stock’s 50-day simple moving average is $5.82 and its two-hundred day simple moving average is $6.23.

Analyst Ratings Changes

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

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.