Alpine Global Management LLC Acquires 11,000 Shares of Chart Industries, Inc. $GTLS

Alpine Global Management LLC boosted its holdings in shares of Chart Industries, Inc. (NYSE:GTLS) by 78.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the industrial products company’s stock after buying an additional 11,000 shares during the period. Chart Industries makes up about 0.9% of Alpine Global Management LLC’s portfolio, making the stock its 22nd largest position. Alpine Global Management LLC’s holdings in Chart Industries were worth $5,156,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Angelo Gordon & CO. L.P. acquired a new stake in shares of Chart Industries in the 3rd quarter worth about $2,602,000. Magnetar Financial LLC boosted its stake in Chart Industries by 23.3% during the 3rd quarter. Magnetar Financial LLC now owns 382,078 shares of the industrial products company’s stock valued at $76,473,000 after purchasing an additional 72,078 shares during the last quarter. M&T Bank Corp boosted its stake in Chart Industries by 2,212.5% during the 4th quarter. M&T Bank Corp now owns 52,911 shares of the industrial products company’s stock valued at $10,912,000 after purchasing an additional 50,623 shares during the last quarter. Centiva Capital LP bought a new stake in Chart Industries during the 3rd quarter worth approximately $12,009,000. Finally, Hudson Bay Capital Management LP increased its holdings in Chart Industries by 4,646.6% during the 3rd quarter. Hudson Bay Capital Management LP now owns 330,360 shares of the industrial products company’s stock worth $66,122,000 after purchasing an additional 323,400 shares in the last quarter.

Chart Industries Trading Up 0.4%

Shares of GTLS stock opened at $207.75 on Friday. Chart Industries, Inc. has a 52-week low of $140.50 and a 52-week high of $208.76. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.21 and a current ratio of 1.53. The company has a 50-day simple moving average of $207.57 and a two-hundred day simple moving average of $207.01. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 799.09, a PEG ratio of 1.22 and a beta of 1.53.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on GTLS shares. Wall Street Zen lowered Chart Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research downgraded Chart Industries from a “hold” rating to a “strong sell” rating in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a report on Friday, March 27th. Eleven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $201.80.

Chart Industries Profile

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.