Pacer Advisors Inc. lifted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 18.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,485 shares of the company’s stock after buying an additional 1,156 shares during the period. Pacer Advisors Inc.’s holdings in Choice Hotels International were worth $481,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHH. KBC Group NV acquired a new stake in shares of Choice Hotels International in the first quarter worth about $120,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Choice Hotels International in the first quarter worth about $130,000. Huntington National Bank lifted its position in shares of Choice Hotels International by 4.7% in the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock worth $174,000 after buying an additional 121 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Choice Hotels International by 43.0% in the first quarter. Russell Investments Group Ltd. now owns 3,281 shares of the company’s stock worth $205,000 after buying an additional 986 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Choice Hotels International in the second quarter worth about $210,000. 50.27% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently commented on CHH. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, July 5th. BidaskClub lowered Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG dropped their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Finally, Barclays PLC reiterated an “underweight” rating and issued a $60.00 price objective (down from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Choice Hotels International currently has an average rating of “Hold” and an average target price of $62.57.
Shares of Choice Hotels International, Inc. (NYSE:CHH) opened at 62.00 on Friday. Choice Hotels International, Inc. has a 1-year low of $43.70 and a 1-year high of $67.80. The stock has a 50 day moving average price of $61.64 and a 200 day moving average price of $63.17. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 22.90 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.71 EPS. Analysts forecast that Choice Hotels International, Inc. will post $2.85 earnings per share for the current year.
In other news, CEO Stephen P. Joyce sold 17,024 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total value of $1,072,852.48. Following the completion of the sale, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Bruce Bainum sold 7,977 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $62.15, for a total transaction of $495,770.55. The disclosure for this sale can be found here. Insiders have sold a total of 80,690 shares of company stock valued at $5,049,413 in the last three months. 22.01% of the stock is currently owned by corporate insiders.
Choice Hotels International Profile
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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