Chart Industries, Inc. (GTLS): Are Hedge Funds Right About This Stock? – Allegheny Technologies Incorporated (ATI), Sims Metal Management Ltd (ADR) (SMS)

Chart Industries, Inc. (NASDAQ:GTLS) investors should be aware of a decrease in hedge fund interest of late.

Chart Industries, Inc. (NASDAQ:GTLS)

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Keeping this in mind, it’s important to take a peek at the recent action encompassing Chart Industries, Inc. (NASDAQ:GTLS).

Hedge fund activity in Chart Industries, Inc. (NASDAQ:GTLS)

At year’s end, a total of 9 of the hedge funds we track held long positions in this stock, a change of -40% from the third quarter. With the smart money’s capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were upping their stakes meaningfully.

When looking at the hedgies we track, Drew Cupps’s Cupps Capital Management had the biggest position in Chart Industries, Inc. (NASDAQ:GTLS), worth close to $12.7 million, accounting for 1.4% of its total 13F portfolio. Sitting at the No. 2 spot is Driehaus Capital, managed by Richard Driehaus, which held a $9.4 million position; the fund has 0.4% of its 13F portfolio invested in the stock. Other hedgies that are bullish include Charles Clough’s Clough Capital Partners, Chuck Royce’s Royce & Associates and Brian Taylor’s Pine River Capital Management.

Seeing as Chart Industries, Inc. (NASDAQ:GTLS) has witnessed a declination in interest from the aggregate hedge fund industry, logic holds that there were a few fund managers that decided to sell off their entire stakes in Q4. Interestingly, Donald Chiboucis’s Columbus Circle Investors sold off the largest investment of the 450+ funds we monitor, comprising close to $30.9 million in stock.. Andrew Sandler’s fund, Sandler Capital Management, also said goodbye to its stock, about $7.5 million worth. These moves are important to note, as total hedge fund interest fell by 6 funds in Q4.

How are insiders trading Chart Industries, Inc. (NASDAQ:GTLS)?

Insider trading activity, especially when it’s bullish, is most useful when the company in focus has seen transactions within the past six months. Over the last six-month time period, Chart Industries, Inc. (NASDAQ:GTLS) has seen zero unique insiders buying, and 6 insider sales (see the details of insider trades here).

Let’s check out hedge fund and insider activity in other stocks similar to Chart Industries, Inc. (NASDAQ:GTLS). These stocks are Mueller Industries, Inc. (NYSE:MLI), Allegheny Technologies Incorporated (NYSE:ATI), Sims Metal Management Ltd (ADR) (NYSE:SMS), Worthington Industries, Inc. (NYSE:WOR), and Carpenter Technology Corporation (NYSE:CRS). All of these stocks are in the metal fabrication industry and their market caps are similar to GTLS’s market cap.