Cetera Investment Advisers Sells 153 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Cetera Investment Advisers lessened its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 2.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,465 shares of the company’s stock after selling 153 shares during the period. Cetera Investment Advisers’ holdings in Choice Hotels International were worth $858,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. increased its stake in Choice Hotels International by 69.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock valued at $41,577,000 after purchasing an additional 120,376 shares in the last quarter. Northern Trust Corp increased its stake in Choice Hotels International by 10.3% in the fourth quarter. Northern Trust Corp now owns 267,256 shares of the company’s stock valued at $37,945,000 after purchasing an additional 24,957 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Choice Hotels International by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company’s stock valued at $31,077,000 after purchasing an additional 7,159 shares in the last quarter. Fenimore Asset Management Inc increased its stake in Choice Hotels International by 0.9% in the first quarter. Fenimore Asset Management Inc now owns 178,175 shares of the company’s stock valued at $23,658,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Choice Hotels International by 85.5% in the fourth 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. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

Choice Hotels International stock opened at $124.13 on Thursday. Choice Hotels International, Inc. has a fifty-two week low of $116.20 and a fifty-two week high of $157.86. The stock has a market cap of $5.74 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 2.56 and a beta of 0.96. The firm’s 50-day simple moving average is $128.32 and its 200 day simple moving average is $132.15.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.02. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The business had revenue of $426.44 million for the quarter, compared to analysts’ expectations of $430.13 million. During the same period in the previous year, the company earned $1.84 earnings per share. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHH. UBS Group decreased their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Robert W. Baird decreased their target price on shares of Choice Hotels International from $150.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, May 19th. JPMorgan Chase & Co. started coverage on shares of Choice Hotels International in a research report on Monday, June 23rd. They set an “underweight” rating and a $124.00 target price for the company. Barclays decreased their target price on shares of Choice Hotels International from $121.00 to $117.00 and set an “underweight” rating for the company in a research report on Thursday, August 7th. Finally, Truist Financial decreased their target price on shares of Choice Hotels International from $144.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, May 30th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $134.08.

Insider Activity

In other Choice Hotels International news, Director Ervin R. Shames sold 2,000 shares of the business’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.56, for a total value of $259,120.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dominic Dragisich sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the completion of the transaction, the executive vice president owned 70,881 shares in the company, valued at approximately $9,111,043.74. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,500 shares of company stock worth $1,906,520. 23.78% of the stock is owned by corporate insiders.

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.