Martingale Asset Management L P Has $106,000 Stake in Hudson Technologies, Inc. (NASDAQ:HDSN)

Martingale Asset Management L P cut its stake in Hudson Technologies, Inc. (NASDAQ:HDSN) by 69.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,044 shares of the industrial products company’s stock after selling 42,396 shares during the quarter. Martingale Asset Management L P’s holdings in Hudson Technologies were worth $106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HDSN. JPMorgan Chase & Co. grew its position in Hudson Technologies by 152.0% in the fourth quarter. JPMorgan Chase & Co. now owns 853,252 shares of the industrial products company’s stock valued at $4,761,000 after purchasing an additional 514,645 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Hudson Technologies in the 4th quarter valued at about $1,733,000. Wedge Capital Management L L P NC acquired a new stake in shares of Hudson Technologies in the fourth quarter valued at about $1,612,000. Renaissance Technologies LLC raised its holdings in Hudson Technologies by 19.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,502,150 shares of the industrial products company’s stock worth $8,382,000 after acquiring an additional 246,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in 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 valued at $4,411,000 after purchasing an additional 90,921 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research report on Monday, March 10th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $5.75 on Tuesday. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $10.84. The stock has a market cap of $253.14 million, a price-to-earnings ratio of 8.85, a PEG ratio of 0.49 and a beta of 1.03. The firm’s 50-day moving average is $5.83 and its 200-day moving average is $6.19.

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.