NINE MASTS CAPITAL Ltd Acquires New Holdings in Chart Industries, Inc. $GTLS

NINE MASTS CAPITAL Ltd bought a new position in shares of Chart Industries, Inc. (NYSE:GTLS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,534 shares of the industrial products company’s stock, valued at approximately $6,380,000. Chart Industries accounts for about 0.6% of NINE MASTS CAPITAL Ltd’s portfolio, making the stock its 22nd largest position. NINE MASTS CAPITAL Ltd owned approximately 0.06% of Chart Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GTLS. Torren Management LLC bought a new position in Chart Industries in the 4th quarter valued at $30,000. Los Angeles Capital Management LLC bought a new position in shares of Chart Industries in the fourth quarter worth $40,000. MCF Advisors LLC purchased a new stake in shares of Chart Industries in the fourth quarter worth $41,000. Smartleaf Asset Management LLC raised its position in shares of Chart Industries by 44.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 223 shares of the industrial products company’s stock worth $46,000 after buying an additional 69 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in Chart Industries by 44.8% during the second quarter. Geneos Wealth Management Inc. now owns 323 shares of the industrial products company’s stock valued at $53,000 after buying an additional 100 shares during the period.

Chart Industries Stock Performance

Chart Industries stock opened at $209.90 on Tuesday. The firm’s fifty day moving average price is $209.11 and its 200-day moving average price is $207.99. 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 stock has a market cap of $10.05 billion, a P/E ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. Chart Industries, Inc. has a fifty-two week low of $163.23 and a fifty-two week high of $209.96.

Analysts Set New Price Targets

Several equities analysts recently commented on GTLS shares. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Chart Industries in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $210.00.

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.