Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its position in Choice Hotels International, Inc. (NYSE:CHH) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,125 shares of the company’s stock after buying an additional 2,711 shares during the quarter. Rhumbline Advisers owned 0.18% of Choice Hotels International worth $10,796,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its position in Choice Hotels International by 2.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,043 shares of the company’s stock worth $343,000 after purchasing an additional 82 shares in the last quarter. Neuberger Berman Group LLC increased its position in Choice Hotels International by 4.1% during the 4th quarter. Neuberger Berman Group LLC now owns 2,796 shares of the company’s stock worth $315,000 after purchasing an additional 109 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Choice Hotels International by 1.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,522 shares of the company’s stock worth $882,000 after purchasing an additional 112 shares in the last quarter. US Bancorp DE increased its position in Choice Hotels International by 4.3% during the 1st quarter. US Bancorp DE now owns 2,716 shares of the company’s stock worth $385,000 after purchasing an additional 112 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Choice Hotels International by 0.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 13,319 shares of the company’s stock worth $1,458,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 68.78% of the company’s stock.

Choice Hotels International Stock Performance

Shares of NYSE CHH opened at $127.91 on Monday. The company has a debt-to-equity ratio of 25.31, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 1.60 and a beta of 1.27. The business’s 50-day simple moving average is $125.03 and its 200-day simple moving average is $121.58. Choice Hotels International, Inc. has a 52 week low of $104.15 and a 52 week high of $136.02.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.05. Choice Hotels International had a return on equity of 223.30% and a net margin of 19.27%. The business had revenue of $427.40 million for the quarter, compared to analyst estimates of $422.69 million. During the same quarter in the prior year, the firm posted $1.43 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. As a group, equities research analysts expect that Choice Hotels International, Inc. will post 5.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CHH. Barclays lowered their price target on Choice Hotels International from $122.00 to $121.00 and set an “underweight” rating for the company in a report on Wednesday, August 9th. TheStreet lowered Choice Hotels International from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. Morgan Stanley upped their target price on Choice Hotels International from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, August 25th. Deutsche Bank Aktiengesellschaft boosted their price target on Choice Hotels International from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, August 9th. Finally, StockNews.com started coverage on Choice Hotels International in a research note on Thursday, August 17th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $128.00.

Insider Buying and Selling at Choice Hotels International

In related news, CFO Dominic Dragisich sold 15,877 shares of Choice Hotels International stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $124.55, for a total transaction of $1,977,480.35. Following the completion of the sale, the chief financial officer now directly owns 83,739 shares of the company’s stock, valued at $10,429,692.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 23.07% of the company’s stock.

Choice Hotels International Profile

Choice Hotels International, Inc together with its subsidiaries, operates as a hotel franchisor. The company operates through Hotel Franchising & Management and 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, Ascend Hotel Collection, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites, Radisson Inn & Suites , Park Inn by Radisson, Radisson Individuals, and Radisson Collection.