Essex Investment Management Co. LLC lowered its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 19.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 304,571 shares of the industrial products company’s stock after selling 73,522 shares during the period. Essex Investment Management Co. LLC owned approximately 0.73% of Hudson Technologies worth $2,379,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. West Face Capital Inc. grew its holdings in Hudson Technologies by 8.3% during the 2nd quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock worth $22,144,000 after acquiring an additional 200,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Hudson Technologies by 18.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,710,780 shares of the industrial products company’s stock valued at $14,456,000 after buying an additional 267,862 shares in the last quarter. Cooper Creek Partners Management LLC raised its position in Hudson Technologies by 3.9% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 1,506,291 shares of the industrial products company’s stock valued at $12,728,000 after purchasing an additional 56,500 shares during the last quarter. Vanguard Group Inc. raised its position in Hudson Technologies by 12.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,417,857 shares of the industrial products company’s stock valued at $11,980,000 after purchasing an additional 160,663 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in Hudson Technologies by 42.2% in the 2nd quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock valued at $10,738,000 after purchasing an additional 376,940 shares during the last quarter. Hedge funds and other institutional investors own 76.38% of the company’s stock.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. The business had revenue of $52.23 million for the quarter, compared to analysts’ expectations of $46.34 million.

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HDSN has been the subject of a number of analyst reports. BidaskClub downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine cut shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Friday, August 11th. Zacks Investment Research cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Roth Capital set a $11.00 price objective on shares of Hudson Technologies and gave the stock a “buy” rating in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Hudson Technologies has a consensus rating of “Hold” and a consensus target price of $9.50.

Hudson Technologies 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.

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

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