Yakira Capital Management Inc. Purchases New Position in Chart Industries, Inc. $GTLS

Key Points

• Yakira Capital bought 54,175 shares of Chart Industries in Q3 (≈$10.84M), making GTLS the fund's 3rd-largest holding at 3.8% of its portfolio and representing 0.12% of Chart's shares outstanding.
• Several other institutions also added or increased exposure, notably TimesSquare Capital (~$22.06M new stake), Atlantic Investment Management (up to 274,699 shares, ≈$45.23M), and New York Life Investment Management (up 881.1% to 46,858 shares, ≈$9.38M).
• Chart missed quarterly expectations with EPS $2.51 vs. $3.48 and revenue $1.08B vs. $1.23B; the stock trades near its 52-week high (~$207) with a market cap of ≈$9.9B, an unusually high P/E (~797), and a MarketBeat consensus rating of "Hold" (PT $204.10).

Yakira Capital Management Inc. purchased a new stake in Chart Industries, Inc. (NYSE:GTLS - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 54,175 shares of the industrial products company's stock, valued at approximately $10,843,000. Chart Industries makes up 3.8% of Yakira Capital Management Inc.'s holdings, making the stock its 3rd largest holding. Yakira Capital Management Inc. owned 0.12% of Chart Industries as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. PACK Private Wealth LLC bought a new stake in Chart Industries during the 3rd quarter worth approximately $2,342,000. Atlantic Investment Management Inc. raised its position in Chart Industries by 33.7% in the 2nd quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company's stock valued at $45,229,000 after purchasing an additional 69,300 shares during the last quarter. New York Life Investment Management LLC boosted its stake in Chart Industries by 881.1% in the third quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company's stock worth $9,379,000 after purchasing an additional 42,082 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in Chart Industries in the third quarter worth $1,512,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Chart Industries during the second quarter worth $22,064,000.

Chart Industries Stock Down 0.0%

Shares of GTLS opened at $207.23 on Monday. The business's fifty day moving average price is $207.06 and its two-hundred day moving average price is $203.47. The firm has a market capitalization of $9.92 billion, a price-to-earnings ratio of 797.07, a PEG ratio of 0.79 and a beta of 1.73. Chart Industries, Inc. has a 52 week low of $104.60 and a 52 week high of $208.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.09 and a current ratio of 1.36.

Chart Industries (NYSE:GTLS - Get Free Report) last released its earnings results on Friday, February 27th. The industrial products company reported $2.51 earnings per share for the quarter, missing analysts' consensus estimates of $3.48 by ($0.97). Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $2.66 EPS. The company's revenue was down 2.5% compared to the same quarter last year. On average, analysts predict that Chart Industries, Inc. will post 9.02 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on GTLS shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Chart Industries in a report on Monday, December 29th. Zacks Research upgraded shares of Chart Industries from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chart Industries has a consensus rating of "Hold" and a consensus price target of $204.10.

About Chart Industries

Chart Industries, Inc NYSE: GTLS is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart's product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.

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