Coatue Management Llc Lowered Chipotle Mexican Grill Inc (NYSE:CMG) Position by $27.24 Million as Price Rose

May 17, 2018 - By Catherine Diaz

Chipotle Mexican Grill, Inc. (NYSE:CMG) Corporate LogoBig Money Sentiment decreased to 0.68 in Q4 2017. It has change of 0.01, from 2017Q3’s 0.69. The ratio dropped due to CMG positioning: 75 sold and 157 reduced. 65 funds amassed positions and 92 increased positions. Investors holded 24.58 million in 2017Q3 but now own 22.67 million shares or 7.77% less. 13D Mgmt Lc invested in 17,060 shs. United Kingdom-based Hsbc Public Ltd Com has invested 0.1% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Comerica Bancshares owns 6,686 shs for 0.01% of their capital. Edge Wealth Mngmt Ltd Limited Liability Company has invested 0% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG). Pitcairn Comm owns 0.03% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 1,090 shs. 340 were accumulated by First Manhattan. Pictet Asset Mgmt has invested 0.01% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Mercer Capital Advisers invested 0.12% of its capital in Chipotle Mexican Grill, Inc. (NYSE:CMG). 3,700 are owned by First Quadrant Lp Ca. New York-based Sg Americas Securities Limited Liability has invested 0.03% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Anson Funds Mgmt Ltd Partnership accumulated 4,500 shs or 0.88% of the stock. Janney Montgomery Scott Ltd Liability owns 0.01% invested in Chipotle Mexican Grill, Inc. (NYSE:CMG) for 4,786 shs. Contrarius Mgmt Ltd invested 2.05% in Chipotle Mexican Grill, Inc. (NYSE:CMG). Aviva Plc stated it has 14,860 shs. Texas Permanent School Fund holds 0.02% or 6,784 shs.

CMG registered $1.10 million net activity with 2 insider buys and 0 insider sales since February 15, 2018. The insider Namvar Ali bought $953,100.

In Chipotle Mexican Grill Inc (NYSE:CMG) was reduced the stake owned by Philippe Laffont. The decrease is 99.29% according to 2018Q1 SEC filling. The company’s stock Popped Up 9.39% while Coatue Management Llc sold 84,599 shares. The consumer services company at the end of 2018Q1 was priced at $194,000. It’s down from 85,200 at the end of the previous reported quarter. Now it had 601 shares held by the hedge fund run by Philippe Laffont. Coatue Management Llc has risen its stake in and also increased its holding in Twitter Inc (NYSE:TWTR) by 10.72M shares in the quarter, for a total of 35.07 million shares.

Philippe Laffont graduated with his M.S. in Computer Science from MIT in 1989. Laffont worked with Julian Robertson’s Tiger Management before founding Coatue Management in 1999. Coatue is a tech-focused hedge fund specializing in long/short equity. Coatue Management Llc is a New York-based hedge fund that was founded by Philippe Laffont. It had more than $14.38 billion assets under management in June, 2014. Taken from Coatue Management latest Adv, the fund reported to have 73 full and part-time employees. Among which 27 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Ratings Coverage

In total 27 analysts cover Chipotle (NYSE:CMG). “Buy” rating has 6, “Sell” are 3, while 18 are “Hold”. 22% are bullish. 63 are the (NYSE:CMG)’s analyst reports since November 29, 2017 according to StockzIntelligence Inc. On Thursday, December 21 the firm has “Hold” rating by RBC Capital Markets given. On Friday, April 27 Maxim Group downgraded the shares of CMG in report to “Hold” rating. On Wednesday, February 7 the rating was maintained by UBS with “Sell”. On Wednesday, April 25 the firm has “Hold” rating by RBC Capital Markets given. In Thursday, April 26 report Cowen & Co upgraded the stock to “Market Perform” rating. On Thursday, February 1 the company was downgraded by UBS. On Thursday, April 26 the firm has “Neutral” rating given by JP Morgan. On Thursday, April 26 the rating was maintained by Piper Jaffray with “Buy”. On Tuesday, January 2 the company was maintained by Robert W. Baird. On Wednesday, February 7 the firm earned “Equal-Weight” rating by Barclays Capital.

Chipotle Mexican Grill, Inc., together with its subsidiaries, develops and operates Chipotle Mexican Grill restaurants.The firm is valued at $12.36 billion. As of December 31, 2016, the firm operated 2,198 Chipotle restaurants throughout the United States, as well as 29 international Chipotle restaurants; and 23 restaurants with non-Chipotle concepts.72.07 is the P/E ratio.

Chipotle Mexican Grill, Inc. (NYSE:CMG) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: