Advantage Alpha Capital Partners LP Has $6.30 Million Stock Holdings in Chart Industries, Inc. $GTLS

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 cut its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,630 shares of the industrial products company's stock after selling 2,235 shares during the quarter. Chart Industries makes up 1.5% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 10th largest holding. Advantage Alpha Capital Partners LP owned about 0.10% of Chart Industries worth $6,298,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GTLS. Engaged Capital LLC acquired a new stake in Chart Industries in the fourth quarter worth about $42,900,000. Frontier Capital Management Co. LLC grew its position in shares of Chart Industries by 920.6% during the 4th quarter. Frontier Capital Management Co. LLC now owns 234,069 shares of the industrial products company's stock worth $44,670,000 after buying an additional 211,134 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Chart Industries in the 4th quarter valued at approximately $36,545,000. Van Berkom & Associates Inc. grew its position in shares of Chart Industries by 101.2% in the 1st quarter. Van Berkom & Associates Inc. now owns 374,722 shares of the industrial products company's stock valued at $54,095,000 after purchasing an additional 188,477 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Chart Industries by 31,455.4% in the 1st quarter. GAMMA Investing LLC now owns 183,337 shares of the industrial products company's stock valued at $26,467,000 after purchasing an additional 182,756 shares during the period.

Chart Industries Stock Performance

NYSE GTLS traded down $0.28 on Wednesday, reaching $198.12. The stock had a trading volume of 614,290 shares, compared to its average volume of 1,356,913. 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 fifty day moving average of $178.26 and a two-hundred day moving average of $162.46. Chart Industries, Inc. has a 1-year low of $101.60 and a 1-year high of $220.03. The company has a market cap of $8.90 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 1.14 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 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($0.03). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.11 billion. Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

GTLS has been the subject of several research analyst reports. BTIG Research lowered Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Hsbc Global Res upgraded Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. Lake Street Capital cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. Johnson Rice cut Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 target price on the stock. in a research note on Wednesday, July 30th. Finally, Seaport Res Ptn cut Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $202.00.

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.