Long Focus Capital Management LLC Sells 51,274 Shares of Chart Industries, Inc. $GTLS

Key Points

• Long Focus Capital Management LLC has drastically reduced its stake in Chart Industries, Inc. by 93.2%, selling over 51,000 shares during the first quarter.
• Chart Industries reported earnings per share of $2.59 for the last quarter, which was below the consensus estimate of $2.62, alongside a revenue of $1.08 billion against the expected $1.11 billion.
• Several analysts have downgraded Chart Industries from "strong-buy" to "hold," with a consensus rating of "Hold" and a target price of $202.00.

Long Focus Capital Management LLC reduced its stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) by 93.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,726 shares of the industrial products company's stock after selling 51,274 shares during the quarter. Long Focus Capital Management LLC's holdings in Chart Industries were worth $538,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Chart Industries during the 1st quarter valued at $25,000. Global X Japan Co. Ltd. raised its stake in Chart Industries by 142.9% during 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 during the last quarter. Brooklyn Investment Group raised its stake in Chart Industries by 19,900.0% during 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 during the last quarter. SVB Wealth LLC acquired a new position in Chart Industries during the 1st quarter valued at $30,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Chart Industries in the 1st quarter valued at $44,000.

Chart Industries Price Performance

Shares of GTLS traded down $0.17 during trading hours on Wednesday, hitting $198.92. The stock had a trading volume of 1,661,076 shares, compared to its average volume of 1,365,940. The company's fifty day moving average is $183.67 and its two-hundred day moving average is $162.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.55 and a quick ratio of 1.27. Chart Industries, Inc. has a 52 week low of $101.60 and a 52 week high of $220.03. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 36.97, a P/E/G ratio of 1.15 and a beta of 1.67.

Chart Industries (NYSE:GTLS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a return on equity of 13.71% and a net margin of 6.29%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GTLS shares. Seaport Res Ptn cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 30th. Hsbc Global Res upgraded shares of Chart Industries to a "hold" rating in a research note on Wednesday, July 30th. TD Cowen cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 31st. The Goldman Sachs Group set a $180.00 price objective on shares of Chart Industries and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Finally, Lake Street Capital cut shares of Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price objective for the company. in a research note on Wednesday, July 30th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.