Cannell Capital buys $10,468,810 stake in Chart Industries (GTLS)

Chart Industries (GTLS) : Cannell Capital scooped up 68,679 additional shares in Chart Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 360,869 shares of Chart Industries which is valued at $10,468,810.Chart Industries makes up approximately 4.00% of Cannell Capital’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De boosted its stake in GTLS in the latest quarter, The investment management firm added 59,571 additional shares and now holds a total of 151,271 shares of Chart Industries which is valued at $4,388,372. Chart Industries makes up approx 0.27% of Bogle Investment Management L P De’s portfolio.Credit Suisse Ag reduced its stake in GTLS by selling 52,781 shares or 37.59% in the most recent quarter. The Hedge Fund company now holds 87,644 shares of GTLS which is valued at $2,542,552.Teachers Advisors Inc boosted its stake in GTLS in the latest quarter, The investment management firm added 4,313 additional shares and now holds a total of 49,193 shares of Chart Industries which is valued at $1,427,089. Bourgeon Capital Management sold out all of its stake in GTLS during the most recent quarter. The investment firm sold 16,220 shares of GTLS which is valued $470,867.Capstone Asset Management Co reduced its stake in GTLS by selling 1,820 shares or 8.54% in the most recent quarter. The Hedge Fund company now holds 19,480 shares of GTLS which is valued at $502,974. Chart Industries makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

Chart Industries opened for trading at $30.76 and hit $31.06 on the upside on Monday, eventually ending the session at $30.89, with a gain of 0.39% or 0.12 points. The heightened volatility saw the trading volume jump to 2,66,510 shares. Company has a market cap of $945 M.

On the company’s financial health, Chart Industries reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.57 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $247.10 million for the quarter, compared to analysts expectations of $221.87 million. The company’s revenue was down -8.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.

Chart Industries Inc. (Chart) is a diversified manufacturer of engineered equipment 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: Energy & Chemicals (E&C) Distribution & Storage (D&S) and BioMedical. Its products include vacuum insulated containment vessels heat exchangers cold boxes and other cryogenic components. Its E&C and D&S segments manufacture products used in energy-related and industrial applications such as the separation liquefaction distribution and storage of hydrocarbon and industrial gases. Through its BioMedical segment it supplies cryogenic and other equipment used in the medical biological research and animal breeding industries. The Company through Thermax Inc. provides cryogenic fluid vaporizers utilized in industrial gas petro-chemical and liquefied natural gas applications.

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