It looks like activist investor Bill Ackman is putting the proceeds from his Canadian Pacific (NYSE:CP) sale to work in a completely different space. Ackman's Pershing Square Capital now has a 9.9% stake in Chipotle (NYSE:CMG). Ackman is now its second largest shareholder.
The writing was on the wall as well, where Ackman has gone out of his way to mention his love of CMG. Recall that Ackman told a story about a meeting with Valeant (NYSE:VRX) and Mike Pearson, where instead of eating the catered VRX food, he had Mike's assistant fetch him a Chipotle burrito.
As we noted last month, CMG is a prime activist investor target, it was just a matter of time. However, much of the media and small research shops are taking Ackman to task, where it looks as if peak Bill Ackman is upon us. Much of the articles showing up on Seeking Alpha are negative. Ackman's run in with Valeant and his battle with Carl Icahn over Herbalife (NYSE:HLF) has created a lot negativity around the Pershing Square name.
Hot Canadian Stocks To Watch Right Now: Chipotle Mexican Grill Inc.(CMG)
Advisors' Opinion:- [By Adam Levine-Weinberg]
Chipotle Mexican Grill's (NYSE:CMG) new chief executive, Brian Niccol, took the helm of the fast-casual pioneer in early March. While he hinted at some of his plans for the brand on the company's first-quarter earnings call in late April, Niccol unveiled his complete strategic plan during an analyst call on Wednesday afternoon.
- [By Daniel B. Kline]
A number of companies -- McDonald's, most notably -- have been working to improve that experience by pushing ordering and payment options into their apps. Chipotle (NYSE:CMG) recently joined the fray, expanding a test of a new type of drive-thru at some of its stores.
- [By Steve Symington]
But shares of some individual companies fell nonetheless. Read on to learn why Zillow Group (NASDAQ:Z) (NASDAQ:ZG), Pier 1 Imports (NYSE:PIR) and Chipotle Mexican Grill (NYSE:CMG) underperformed the market today.
- [By ]
The first stock is Chipotle Mexican Grill (Nasdaq: CMG). This Denver-based fast casual food chain has certainly seen its share of volatility. A well-publicized food safety issue in 2015 caused investors to flee the stock in droves. And before the dust settled, the stock got crushed -- declining more than 63% from its 2015 high.
Hot Canadian Stocks To Watch Right Now: Airgas Inc.(ARG)
Advisors' Opinion:- [By Stephan Byrd]
Argentum (CURRENCY:ARG) traded 3.6% lower against the US dollar during the one day period ending at 19:00 PM ET on May 27th. In the last week, Argentum has traded 2.8% lower against the US dollar. Argentum has a total market capitalization of $1.66 million and approximately $610.00 worth of Argentum was traded on exchanges in the last day. One Argentum coin can currently be purchased for about $0.17 or 0.00002374 BTC on popular cryptocurrency exchanges including Cryptopia and CoinExchange.
Hot Canadian Stocks To Watch Right Now: PPL Corporation(PPL)
Advisors' Opinion:- [By Logan Wallace]
Investors bought shares of PPL Co. (NYSE:PPL) on weakness during trading on Tuesday. $85.45 million flowed into the stock on the tick-up and $30.50 million flowed out of the stock on the tick-down, for a money net flow of $54.95 million into the stock. Of all companies tracked, PPL had the 26th highest net in-flow for the day. PPL traded down ($0.42) for the day and closed at $27.23
- [By Stephan Byrd]
Great West Life Assurance Co. Can grew its stake in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 1.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 3,645,448 shares of the pipeline company’s stock after buying an additional 62,411 shares during the period. Great West Life Assurance Co. Can’s holdings in Pembina Pipeline were worth $126,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- [By Paul Ausick]
PPL Corp. (NYSE: PPL) posted a 52-week low of $31.11 after closing Wednesday at $31.59. The 52-week high is $40.20. Volume was about 9.6 million, more than double the daily average of around 4.2 million shares. The electric utility company had no specific news.
- [By Ethan Ryder]
PPL (NYSE:PPL) last issued its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.88 billion. PPL had a return on equity of 15.23% and a net margin of 19.17%. PPL’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. As a group, research analysts forecast that PPL Corp will post 2.36 EPS for the current year.
TRADEMARK VIOLATION WARNING: “Commerzbank Aktiengesellschaft FI Has $6.02 Million Holdings in PPL Corp (PPL)” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://www.tickerreport.com/banking-finance/4153395/commerzbank-aktiengesellschaft-fi-has-6-02-million-holdings-in-ppl-corp-ppl.html.PPL Profile
- [By Joseph Griffin]
ValuEngine cut shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a hold rating to a sell rating in a research note released on Monday.
Separately, Zacks Investment Research lowered Pembina Pipeline from a strong-buy rating to a hold rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $37.00.
Hot Canadian Stocks To Watch Right Now: PennyMac Mortgage Investment Trust(PMT)
Advisors' Opinion:- [By Stephan Byrd]
Pennymac Mortgage Investment (NYSE:PMT) – Equities researchers at Wedbush lifted their Q1 2019 earnings per share estimates for shares of Pennymac Mortgage Investment in a research note issued to investors on Thursday, May 10th. Wedbush analyst J. Weaver now anticipates that the real estate investment trust will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.34. Wedbush also issued estimates for Pennymac Mortgage Investment’s Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.74 EPS.
- [By Stephan Byrd]
Pennymac Mortgage Investment (NYSE:PMT) shares reached a new 52-week high and low on Monday . The company traded as low as $18.60 and last traded at $18.62, with a volume of 19306 shares changing hands. The stock had previously closed at $18.50.
Hot Canadian Stocks To Watch Right Now: Prestige Brand Holdings Inc.(PBH)
Advisors' Opinion:- [By Lisa Levin]
On Thursday, the health care shares rose 1.02 percent. Meanwhile, top gainers in the sector included ARMO BioSciences, Inc. (NASDAQ: ARMO), up 67 percent, and Prestige Brands Holdings, Inc. (NYSE: PBH) up 28 percent.
- [By Ethan Ryder]
Premium Brands (TSE:PBH) will be announcing its earnings results before the market opens on Tuesday, May 15th. Analysts expect the company to announce earnings of C$0.71 per share for the quarter.
- [By Stephan Byrd]
SG Americas Securities LLC increased its position in Prestige Brands (NYSE:PBH) by 103.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,597 shares of the company’s stock after acquiring an additional 8,431 shares during the period. SG Americas Securities LLC’s holdings in Prestige Brands were worth $560,000 at the end of the most recent reporting period.
- [By Motley Fool Transcribers]
Prestige Brands Holdings Inc (NYSE:PBH)Q3 2019 Earnings Conference CallFeb. 07, 2019, 8:30 a.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Stephan Byrd]
Premium Brands (TSE:PBH) had its target price increased by TD Securities from C$140.00 to C$145.00 in a research note published on Thursday. The firm currently has an action list buy rating on the stock.
Hot Canadian Stocks To Watch Right Now: Nu Skin Enterprises Inc.(NUS)
Advisors' Opinion:- [By Logan Wallace]
BlackRock Inc. boosted its stake in Nu Skin Enterprises, Inc. (NYSE:NUS) by 11.5% during the second quarter, HoldingsChannel.com reports. The firm owned 6,143,407 shares of the company’s stock after buying an additional 635,246 shares during the period. BlackRock Inc. owned 0.11% of Nu Skin Enterprises worth $480,352,000 at the end of the most recent quarter.
- [By Shane Hupp]
Pivotal Research reaffirmed their buy rating on shares of Nu Skin Enterprises (NYSE:NUS) in a research report sent to investors on Wednesday morning. They currently have a $85.00 target price on the stock.
- [By Motley Fool Transcribers]
Nu Skin Enterprises Inc (NYSE:NUS)Q4 2018 Earnings Conference CallFeb. 13, 2019, 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Nu Skin Enterprises (NUS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By ]
Nu Skin Enterprises (NYSE: NUS) is benefiting from two key trends: its strong presence in Asia where it books 79% of its revenue and leading brand awareness with millennials. The company has increased its dividend every year since 2001, now paying a 2% yield, and maintains a share repurchase program that returns excess cash to shareholders.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Nu Skin Enterprises (NUS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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