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PNC Financial reduces Chipotle holdings as the company reports strong earnings growth.
PNC Financial Services sold shares of Chipotle Mexican Grill, reducing its holdings to 385,538 shares worth $22.2 million.
Several other institutional investors have also adjusted their stakes, with some buying and others selling.
Insiders have sold 33,290 shares, decreasing their ownership by 1.02%.
Chipotle reported better-than-expected earnings, with EPS of $0.27, and revenue up 13% year-over-year.
Analysts rate the company a "Moderate Buy" with a price target of $65.27.
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PNC Financial reduce las tenencias de Chipotle a medida que la compañía reporta un fuerte crecimiento de las ganancias.