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

Arrowstreet Capital Limited Partnership purchased a new position in Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 310,564 shares of the industrial products company's stock, valued at approximately $1,733,000. Arrowstreet Capital Limited Partnership owned approximately 0.69% of Hudson Technologies as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Hudson Technologies by 299.8% during the 3rd quarter. FMR LLC now owns 4,670 shares of the industrial products company's stock worth $39,000 after purchasing an additional 3,502 shares during the last quarter. Quarry LP boosted its stake in shares of Hudson Technologies by 901.1% in the third quarter. Quarry LP now owns 4,675 shares of the industrial products company's stock worth $39,000 after acquiring an additional 4,208 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Hudson Technologies in the fourth quarter worth approximately $72,000. Ieq Capital LLC purchased a new stake in shares of Hudson Technologies during the fourth quarter worth approximately $91,000. Finally, Aigen Investment Management LP raised its stake in 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 purchasing an additional 2,167 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Hudson Technologies Price Performance

Hudson Technologies stock traded down $0.08 during trading on Wednesday, reaching $5.56. 14,076 shares of the company were exchanged, compared to its average volume of 502,828. The stock's 50 day simple moving average is $5.83 and its two-hundred day simple moving average is $6.18. The company has a market capitalization of $244.56 million, a P/E ratio of 8.56, a PEG ratio of 0.49 and a beta of 1.03. Hudson Technologies, Inc. has a 52-week low of $5.11 and a 52-week high of $10.84.

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.