Here is What Hedge Funds Think About Chart Industries, Inc. (GTLS)

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As industrywide interest jumped, key money managers were leading the bulls’ herd. Algert Coldiron Investors, led by Peter Algert and Kevin Coldiron, established the most valuable position in Chart Industries, Inc. (NASDAQ:GTLS). According to regulatory filings, the fund had $1.4 million invested in the company at the end of the quarter. Jim Simons’ Renaissance Technologies also made a $1.2 million investment in the stock during the quarter. The other funds with new positions in the stock are Ken Griffin’s Citadel Investment Group, George Hall’s Clinton Group, and Matthew Tewksbury’s Stevens Capital Management.

Let’s also examine hedge fund activity in other stocks similar to Chart Industries, Inc. (NASDAQ:GTLS). These stocks are Inter Parfums, Inc. (NASDAQ:IPAR), Green Plains Renewable Energy Inc. (NASDAQ:GPRE), Xencor Inc (NASDAQ:XNCR), and Greenbrier Companies Inc (NYSE:GBX). This group of stocks’ market valuations are closest to GTLS’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
IPAR 11 46142 4
GPRE 22 277446 4
XNCR 17 156849 2
GBX 18 58147 5

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $135 million. That figure was $106 million in GTLS’s case. Green Plains Renewable Energy Inc. (NASDAQ:GPRE) is the most popular stock in this table. On the other hand Inter Parfums, Inc. (NASDAQ:IPAR) is the least popular one with only 11 bullish hedge fund positions. Compared to these stocks Chart Industries, Inc. (NASDAQ:GTLS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: none.

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