Nomura Holdings Inc. purchased a new position in Chart Industries Inc. (NASDAQ:GTLS) during the second quarter, Holdings Channel reports. The fund purchased 10,509 shares of the company’s stock, valued at approximately $256,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of GTLS. Acrospire Investment Management LLC boosted its position in Chart Industries by 162.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $101,000 after buying an additional 2,600 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Chart Industries by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,249 shares of the company’s stock worth $103,000 after buying an additional 523 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Chart Industries during the second quarter worth approximately $113,000. Independent Portfolio Consultants Inc. acquired a new position in Chart Industries during the second quarter worth approximately $135,000. Finally, Mason Street Advisors LLC acquired a new position in Chart Industries during the second quarter worth approximately $144,000. 88.30% of the stock is currently owned by institutional investors.
Shares of Chart Industries Inc. (NASDAQ:GTLS) opened at 32.09 on Friday. The company’s 50-day moving average price is $30.77 and its 200 day moving average price is $26.22. The stock’s market cap is $981.73 million. Chart Industries Inc. has a 12-month low of $13.27 and a 12-month high of $33.06.
Chart Industries (NASDAQ:GTLS) last posted its earnings results on Thursday, July 28th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.12 by $0.60. The firm had revenue of $247.10 million for the quarter, compared to analyst estimates of $222.95 million. Chart Industries had a positive return on equity of 4.55% and a negative net margin of 21.63%. Chart Industries’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. On average, equities analysts predict that Chart Industries Inc. will post $0.84 earnings per share for the current year.
A number of research analysts recently commented on the company. Zacks Investment Research raised Chart Industries from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Evercore ISI cut Chart Industries from a “buy” rating to a “hold” rating and set a $29.00 price target on the stock. in a report on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.86.
Chart Industries Company Profile
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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