HighTower Advisors LLC Trims Stock Holdings in Choice Hotels International, Inc. $CHH

HighTower Advisors LLC trimmed its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,176 shares of the company’s stock after selling 279 shares during the quarter. HighTower Advisors LLC’s holdings in Choice Hotels International were worth $1,351,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHH. Vanguard Group Inc. raised its holdings in shares of Choice Hotels International by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company’s stock worth $339,464,000 after buying an additional 133,216 shares during the period. Balyasny Asset Management L.P. raised its position in Choice Hotels International by 69.8% during the 4th 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. Nuveen LLC bought a new stake in Choice Hotels International during the 1st quarter valued at $9,351,000. Invesco Ltd. raised its position in Choice Hotels International by 45.9% during the 1st quarter. Invesco Ltd. now owns 195,750 shares of the company’s stock valued at $25,992,000 after purchasing an additional 61,562 shares in the last quarter. Finally, Sophron Capital Management L.P. bought a new stake in Choice Hotels International during the 4th quarter valued at $7,736,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Trading Down 2.0%

Shares of NYSE:CHH opened at $119.37 on Tuesday. Choice Hotels International, Inc. has a 12-month low of $116.20 and a 12-month high of $157.86. The business’s fifty day simple moving average is $127.35 and its 200-day simple moving average is $130.29. The company has a market capitalization of $5.52 billion, a PE ratio of 18.36, a P/E/G ratio of 2.30 and a beta of 0.96.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $426.44 million for the quarter, compared to the consensus estimate of $430.13 million. During the same period last year, the business posted $1.84 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. Research analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CHH. Barclays decreased their target price on 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. Susquehanna set a $140.00 target price on Choice Hotels International and gave the company a “neutral” rating in a research report on Friday, May 16th. Morgan Stanley reaffirmed an “underweight” rating and set a $121.00 target price on shares of Choice Hotels International in a research report on Tuesday, July 15th. UBS Group decreased their target price on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Finally, Robert W. Baird decreased their target price on Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Choice Hotels International currently has a consensus rating of “Reduce” and an average price target of $133.38.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 2,500 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 68,381 shares of the company’s stock, valued at $9,330,587.45. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 12,500 shares of company stock valued at $1,647,400. 23.78% of the stock is owned by company insiders.

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.