Monashee Investment Management LLC Reduces Holdings in Chart Industries, Inc. (NYSE:GTLS)

Monashee Investment Management LLC reduced its position in Chart Industries, Inc. (NYSE:GTLS) by 26.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,000 shares of the industrial products company’s stock after selling 9,468 shares during the period. Chart Industries makes up about 1.0% of Monashee Investment Management LLC’s holdings, making the stock its 19th biggest holding. Monashee Investment Management LLC owned approximately 0.06% of Chart Industries worth $4,314,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Belpointe Asset Management LLC raised its stake in shares of Chart Industries by 164.6% in the 1st quarter. Belpointe Asset Management LLC now owns 217 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 135 shares in the last quarter. KB Financial Partners LLC bought a new position in Chart Industries during the 1st quarter worth approximately $28,000. Harbor Investment Advisory LLC raised its position in shares of Chart Industries by 59.0% during the 2nd quarter. Harbor Investment Advisory LLC now owns 248 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 92 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Chart Industries by 31.5% during the second quarter. Quadrant Capital Group LLC now owns 417 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 100 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in Chart Industries by 2,076.9% in the first quarter. Manchester Capital Management LLC now owns 566 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 540 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their target price on shares of Chart Industries from $224.00 to $226.00 and gave the stock an “overweight” rating in a report on Tuesday, October 3rd. Piper Sandler increased their target price on Chart Industries from $131.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, July 31st. HSBC began coverage on shares of Chart Industries in a report on Monday, September 25th. They set a “buy” rating and a $212.00 price target for the company. The Goldman Sachs Group cut their price objective on shares of Chart Industries from $167.00 to $149.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 14th. Finally, Citigroup upped their target price on shares of Chart Industries from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Chart Industries Stock Up 1.3 %

Shares of GTLS traded up $1.60 during mid-day trading on Monday, reaching $127.29. The company’s stock had a trading volume of 92,342 shares, compared to its average volume of 615,142. The company has a market cap of $5.44 billion, a price-to-earnings ratio of -84.89, a price-to-earnings-growth ratio of 0.44 and a beta of 1.60. The business has a fifty day moving average of $148.34 and a 200 day moving average of $149.40. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 1.38. Chart Industries, Inc. has a 1 year low of $101.44 and a 1 year high of $184.65.

Chart Industries (NYSE:GTLS) last announced its quarterly earnings data on Friday, October 27th. The industrial products company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.33). Chart Industries had a positive return on equity of 7.94% and a negative net margin of 1.83%. The business had revenue of $897.60 million during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the company posted $1.32 earnings per share. The firm’s revenue was up 117.8% on a year-over-year basis. As a group, analysts forecast that Chart Industries, Inc. will post 6 earnings per share for the current fiscal year.

Chart Industries Company Profile

Chart Industries, Inc manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.