Oslo Asset Management ASA lowered its stake in Chart Industries Inc. (NASDAQ:GTLS) by 21.1% during the second quarter, Holdings Channel reports. The firm owned 774,321 shares of the company’s stock after selling 206,900 shares during the period. Chart Industries comprises about 15.1% of Oslo Asset Management ASA’s investment portfolio, making the stock its 3rd largest position. Oslo Asset Management ASA’s holdings in Chart Industries were worth $18,684,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in Chart Industries during the first quarter valued at $3,137,000. Bayesian Capital Management LP bought a new stake in Chart Industries during the first quarter valued at $226,000. HBK Investments L P bought a new stake in Chart Industries during the first quarter valued at $426,000. Kempen Capital Management N.V. increased its stake in Chart Industries by 39.5% in the first quarter. Kempen Capital Management N.V. now owns 17,067 shares of the company’s stock valued at $371,000 after buying an additional 4,831 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Chart Industries by 86.1% in the first quarter. Canada Pension Plan Investment Board now owns 161,200 shares of the company’s stock valued at $3,501,000 after buying an additional 74,600 shares during the last quarter. 88.30% of the stock is currently owned by hedge funds and other institutional investors.
Chart Industries Inc. (NASDAQ:GTLS) traded up 0.12% on Tuesday, reaching $32.53. 242,321 shares of the company’s stock were exchanged. Chart Industries Inc. has a 12 month low of $13.27 and a 12 month high of $33.06. The firm has a 50-day moving average of $30.98 and a 200-day moving average of $26.50. The firm’s market capitalization is $995.19 million.
Chart Industries (NASDAQ:GTLS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.60. The business earned $247.10 million during the quarter, compared to the consensus estimate of $222.95 million. Chart Industries had a negative net margin of 21.63% and a positive return on equity of 4.55%. Chart Industries’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts expect that Chart Industries Inc. will post $0.84 earnings per share for the current year.
Several research firms have recently weighed in on GTLS. Evercore ISI downgraded shares of Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research report on Thursday, August 4th. Zacks Investment Research downgraded shares of Chart Industries from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Chart Industries presently has a consensus rating of “Hold” and a consensus target price of $27.86.
About Chart Industries
Chart Industries, Inc (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical.
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