Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Choice Hotels International, Inc. (NYSE:CHHGet Rating) by 8.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,106 shares of the company’s stock after selling 5,350 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.10% of Choice Hotels International worth $8,237,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Choice Hotels International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,221,517 shares of the company’s stock worth $456,682,000 after purchasing an additional 9,932 shares during the last quarter. BlackRock Inc. lifted its position in shares of Choice Hotels International by 1.7% during the first quarter. BlackRock Inc. now owns 2,860,476 shares of the company’s stock worth $405,500,000 after purchasing an additional 46,819 shares during the last quarter. Invesco Ltd. lifted its position in shares of Choice Hotels International by 51.6% during the first quarter. Invesco Ltd. now owns 1,740,428 shares of the company’s stock worth $246,722,000 after purchasing an additional 592,654 shares during the last quarter. Rock Creek Group LP lifted its position in shares of Choice Hotels International by 241.5% during the first quarter. Rock Creek Group LP now owns 906,979 shares of the company’s stock worth $128,573,000 after purchasing an additional 641,379 shares during the last quarter. Finally, State Street Corp lifted its holdings in Choice Hotels International by 5.8% in the first quarter. State Street Corp now owns 894,468 shares of the company’s stock worth $127,007,000 after acquiring an additional 49,022 shares during the last quarter. 61.37% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Trading Down 4.1 %

Shares of NYSE:CHH opened at $112.75 on Friday. Choice Hotels International, Inc. has a 12-month low of $106.84 and a 12-month high of $157.46. The stock has a market cap of $6.29 billion, a PE ratio of 17.87, a P/E/G ratio of 1.74 and a beta of 1.32. The business has a 50 day moving average of $116.03 and a 200-day moving average of $125.84. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.03.

Choice Hotels International (NYSE:CHHGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.43 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.04). The firm had revenue of $367.80 million for the quarter, compared to analyst estimates of $322.24 million. Choice Hotels International had a net margin of 28.72% and a return on equity of 92.23%. The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.22 earnings per share. As a group, equities research analysts forecast that Choice Hotels International, Inc. will post 5.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CHH shares. UBS Group cut shares of Choice Hotels International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $167.00 to $124.00 in a report on Tuesday, August 2nd. Wells Fargo & Company lowered shares of Choice Hotels International from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $130.00 to $123.00 in a research note on Monday, August 29th. JPMorgan Chase & Co. decreased their price target on shares of Choice Hotels International from $126.00 to $110.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 9th. Barclays raised their price objective on shares of Choice Hotels International from $107.00 to $108.00 and gave the stock an “underweight” rating in a research note on Friday, August 5th. Finally, StockNews.com lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Monday, May 23rd. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Choice Hotels International has a consensus rating of “Hold” and an average price target of $126.10.

Choice Hotels International Profile

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Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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