Charles Schwab Investment Management Inc. lessened its holdings in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,687 shares of the company’s stock after selling 3,462 shares during the period. Charles Schwab Investment Management Inc. owned about 0.59% of Choice Hotels International worth $36,606,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Barclays PLC raised 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 acquiring an additional 6,493 shares during the period. SG Americas Securities LLC raised its stake in shares of Choice Hotels International by 492.4% in the 1st quarter. SG Americas Securities LLC now owns 5,207 shares of the company’s stock valued at $691,000 after acquiring an additional 4,328 shares during the period. XTX Topco Ltd increased its stake in Choice Hotels International by 155.0% during the 1st quarter. XTX Topco Ltd now owns 13,243 shares of the company’s stock worth $1,758,000 after buying an additional 8,049 shares during the period. Bank of New York Mellon Corp increased its stake in Choice Hotels International by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company’s stock worth $31,077,000 after buying an additional 7,159 shares during the period. Finally, MQS Management LLC purchased a new stake in Choice Hotels International during the 1st quarter worth $434,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.
Insider Activity at Choice Hotels International
In other news, EVP Dominic Dragisich sold 5,000 shares of Choice Hotels International stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total value of $642,700.00. Following the completion of the transaction, the executive vice president directly owned 70,881 shares of the company’s stock, valued at approximately $9,111,043.74. The trade was a 6.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 12,500 shares of company stock valued at $1,647,400. Insiders own 24.02% of the company’s stock.
Choice Hotels International Stock Performance
Choice Hotels International (NYSE:CHH – Get Free Report) last released its 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 company had revenue of $426.44 million during the quarter, compared to the consensus estimate of $430.13 million. During the same quarter in the previous year, the firm earned $1.84 EPS. The company’s revenue was down 2.0% on a year-over-year basis. As a group, sell-side analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on CHH. Morgan Stanley reaffirmed an “underweight” rating and set a $121.00 price target on shares of Choice Hotels International in a research note on Tuesday, July 15th. JPMorgan Chase & Co. began coverage on shares of Choice Hotels International in a research note on Monday, June 23rd. They set an “underweight” rating and a $124.00 price target on the stock. Barclays dropped their price target on shares of Choice Hotels International from $121.00 to $117.00 and set an “underweight” rating on the stock in a research note on Thursday, August 7th. Susquehanna set a $140.00 price target on shares of Choice Hotels International and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, UBS Group dropped their price target on shares of 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. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $134.08.
View Our Latest Research Report on CHH
Choice Hotels International 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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