Iridian Asset Management Trims Chart Industries Stake by 23,051 Shares

An SEC filing estimates the fourth-quarter sale at $4.67 million using average closing prices, leaving the fund with a much smaller year-end position.

Overview

Iridian disclosed on Jan. 23 that it sold 23,051 shares of Chart Industries (NYSE: GTLS) during the fourth quarter.
The filing values the shares sold at about $4.67 million based on the quarter’s average closing price.
The fund finished the quarter with 6,326 shares worth roughly $1.30 million, and the reported position fell by $4.58 million.
Chart Industries accounted for 0.48% of Iridian’s reportable AUM as of Dec. 31, down from 2.3% the prior quarter.
As context, GTLS closed at $207.49 on Jan. 22, down 4% over the past year versus a roughly 14% gain for the S&P 500.