Vestmark Advisory Solutions Inc. boosted its holdings in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 104.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,570 shares of the company’s stock after buying an additional 31,527 shares during the period. Vestmark Advisory Solutions Inc. owned 0.13% of Choice Hotels International worth $8,175,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in CHH. Bank of Montreal Can lifted its stake in shares of Choice Hotels International by 2.5% in the 4th quarter. Bank of Montreal Can now owns 6,221 shares of the company’s stock valued at $883,000 after purchasing an additional 149 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Choice Hotels International by 85.5% in the 4th quarter. Invesco Ltd. now owns 134,188 shares of the company’s stock valued at $19,052,000 after purchasing an additional 61,849 shares in the last quarter. Barclays PLC lifted its stake in shares of Choice Hotels International by 56.9% in the 4th quarter. Barclays PLC now owns 17,902 shares of the company’s stock valued at $2,541,000 after purchasing an additional 6,493 shares in the last quarter. Mariner LLC lifted its stake in shares of Choice Hotels International by 19.4% in the 4th quarter. Mariner LLC now owns 2,697 shares of the company’s stock valued at $383,000 after purchasing an additional 439 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Choice Hotels International in the 4th quarter valued at about $200,000. 65.57% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Choice Hotels International
In other Choice Hotels International news, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.56, for a total transaction of $259,120.00. Following the sale, the director directly owned 52,212 shares in the company, valued at $6,764,586.72. The trade was a 3.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dominic Dragisich sold 2,500 shares of Choice Hotels International stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total value of $341,125.00. Following the sale, the executive vice president owned 68,381 shares in the company, valued at $9,330,587.45. This represents a 3.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,500 shares of company stock worth $1,906,520 over the last 90 days. 23.78% of the stock is owned by company insiders.
Choice Hotels International Stock Down 1.0%
Choice Hotels International (NYSE:CHH – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.02. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%. The company had revenue of $426.44 million for the quarter, compared to the consensus estimate of $430.13 million. During the same period in the previous year, the business earned $1.84 EPS. Choice Hotels International’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current year.
Analyst Upgrades and Downgrades
CHH has been the topic of several research analyst reports. UBS Group reduced their price objective on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Robert W. Baird reduced their price objective on Choice Hotels International from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, May 19th. Susquehanna set a $140.00 price objective on Choice Hotels International and gave the company a “neutral” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. began coverage on Choice Hotels International in a research note on Monday, June 23rd. They issued an “underweight” rating and a $124.00 price objective on the stock. Finally, Barclays dropped their target price on Choice Hotels International from $121.00 to $117.00 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Choice Hotels International presently has an average rating of “Hold” and a consensus target price of $134.08.
View Our Latest Research Report on Choice Hotels International
Choice Hotels International Company Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.
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