NINE MASTS CAPITAL Ltd Makes New Investment in Chart Industries, Inc. $GTLS

NINE MASTS CAPITAL Ltd acquired a new position in Chart Industries, Inc. (NYSE:GTLS) in the second quarter, HoldingsChannel reports. The firm acquired 30,534 shares of the industrial products company’s stock, valued at approximately $6,380,000. Chart Industries comprises about 0.6% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 22nd largest position.

A number of other institutional investors also recently made changes to their positions in GTLS. BlackRock Inc. bought a new position in shares of Chart Industries during the 2nd quarter valued at $1,272,134,000. Deutsche Bank AG purchased a new position in Chart Industries in the 2nd quarter worth $3,138,000. Rice Hall James & Associates LLC bought a new stake in Chart Industries in the second quarter worth $7,857,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Chart Industries in the second quarter worth $2,809,000. Finally, Global Retirement Partners LLC purchased a new stake in Chart Industries during the second quarter valued at about $189,000.

Chart Industries Price Performance

Shares of Chart Industries stock opened at $209.90 on Tuesday. The company’s fifty day simple moving average is $209.11 and its two-hundred day simple moving average is $207.99. Chart Industries, Inc. has a 12-month low of $163.23 and a 12-month high of $209.96. The firm has a market cap of $10.05 billion, a PE ratio of -201.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.53. The company has a quick ratio of 1.21, a current ratio of 1.53 and a debt-to-equity ratio of 1.15.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GTLS. Zacks Research cut Chart Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Wall Street Zen raised Chart Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target 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.