Chart Industries, Inc. $GTLS Shares Sold by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP has reduced its holdings in Chart Industries, Inc. by 4.9%, now owning 43,630 shares valued at approximately $6.3 million.
• Several hedge funds, including Capital Analysts LLC and Opal Wealth Advisors LLC, have acquired new stakes in Chart Industries, indicating increased institutional interest in the company.
• Chart Industries' most recent earnings report showed a missed earnings estimate of $2.59 per share, compared to the expected $2.62, along with revenue of $1.08 billion against anticipated figures of $1.11 billion.

Advantage Alpha Capital Partners LP decreased its holdings in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,630 shares of the industrial products company's stock after selling 2,235 shares during the period. Chart Industries makes up approximately 1.5% of Advantage Alpha Capital Partners LP's holdings, making the stock its 10th largest position. Advantage Alpha Capital Partners LP owned approximately 0.10% of Chart Industries worth $6,298,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in GTLS. Capital Analysts LLC acquired a new stake in shares of Chart Industries during the fourth quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in Chart Industries in the 1st quarter valued at approximately $25,000. Global X Japan Co. Ltd. boosted its holdings in Chart Industries by 142.9% in the 1st quarter. Global X Japan Co. Ltd. now owns 170 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Chart Industries by 19,900.0% in the 1st quarter. Brooklyn Investment Group now owns 200 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 199 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in Chart Industries in the 1st quarter valued at approximately $44,000.

Wall Street Analysts Forecast Growth

GTLS has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. UBS Group reaffirmed a "neutral" rating and issued a $210.00 price objective (down previously from $225.00) on shares of Chart Industries in a report on Wednesday, July 30th. The Goldman Sachs Group set a $180.00 price target on shares of Chart Industries and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a research report on Wednesday, July 30th. Finally, BTIG Research downgraded shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Chart Industries has a consensus rating of "Hold" and an average price target of $202.00.

Chart Industries Trading Down 0.3%

Shares of GTLS opened at $197.5860 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $175.06 and a 200-day simple moving average of $162.92. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.15 and a beta of 1.59.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.11 billion. Equities analysts forecast that Chart Industries, Inc. will post 9.02 EPS for the current fiscal year.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.

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