Hudson Technologies, Inc. (HDSN) Shares Bought by The Manufacturers Life Insurance Company
The Manufacturers Life Insurance Company grew its holdings in Hudson Technologies, Inc. (NASDAQ:HDSN) by 1,360.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,069 shares of the industrial products company’s stock after buying an additional 29,873 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Hudson Technologies worth $271,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp purchased a new stake in Hudson Technologies in the 2nd quarter worth approximately $3,430,000. West Face Capital Inc. lifted its holdings in Hudson Technologies by 8.3% in 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 buying an additional 200,000 shares during the period. Gotham Asset Management LLC lifted its holdings in Hudson Technologies by 25.0% in the 2nd quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock worth $126,000 after buying an additional 2,994 shares during the period. Horizon Investment Services LLC purchased a new stake in Hudson Technologies in the 2nd quarter worth approximately $443,000. Finally, Optimum Investment Advisors lifted its stake in shares of Hudson Technologies by 14.8% in the 2nd 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 during the period. Institutional investors and hedge funds own 76.15% of the company’s stock.
A number of research analysts have recently commented on the company. B. Riley cut Hudson Technologies from a “buy” rating to a “neutral” rating and raised their target price for the company from $8.50 to $10.00 in a research note on Wednesday, August 9th. ValuEngine cut Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Roth Capital set a $11.00 target price on Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Hudson Technologies presently has a consensus rating of “Hold” and an average target price of $9.25.
Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The company had revenue of $24.70 million during the quarter, compared to analysts’ expectations of $25.00 million. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The firm’s revenue for the quarter was down 29.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. analysts forecast that Hudson Technologies, Inc. will post 0.3 earnings per share for the current 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.
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