Choice Hotels International, Inc. (CHH) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 1,934.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,609 shares of the company’s stock after buying an additional 19,596 shares during the period. JPMorgan Chase & Co.’s holdings in Choice Hotels International were worth $1,290,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Choice Hotels International during the fourth quarter worth $130,000. Norges Bank purchased a new stake in Choice Hotels International during the fourth quarter valued at approximately $13,300,000. Quadrature Capital Ltd increased its stake in Choice Hotels International by 177.9% in the fourth quarter. Quadrature Capital Ltd now owns 16,964 shares of the company’s stock valued at $952,000 after buying an additional 10,859 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Choice Hotels International during the fourth quarter valued at approximately $27,308,000. Finally, Fenimore Asset Management Inc. increased its stake in Choice Hotels International by 12.2% in the first quarter. Fenimore Asset Management Inc. now owns 175,375 shares of the company’s stock valued at $10,978,000 after buying an additional 19,015 shares in the last quarter. 50.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Choice Hotels International, Inc. (CHH) traded up 0.50% during trading on Wednesday, reaching $61.75. The company’s stock had a trading volume of 113,792 shares. The company has a market cap of $3.46 billion, a PE ratio of 22.81 and a beta of 1.11. The company has a 50 day moving average of $63.50 and a 200 day moving average of $62.77. Choice Hotels International, Inc. has a 12-month low of $43.70 and a 12-month high of $67.80.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The firm had revenue of $276.80 million for the quarter, compared to analysts’ expectations of $254.68 million. During the same period last year, the firm earned $0.71 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts anticipate that Choice Hotels International, Inc. will post $2.85 EPS for the current fiscal year.

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Several brokerages recently issued reports on CHH. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a report on Wednesday, July 5th. Barclays PLC reissued an “underweight” rating and issued a $60.00 price objective (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Deutsche Bank AG cut their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Morgan Stanley cut Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research report on Friday, May 5th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $62.57.

In related news, CEO Stephen P. Joyce sold 44,116 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total value of $2,774,014.08. Following the transaction, the chief executive officer now directly owns 201,922 shares of the company’s stock, valued at approximately $12,696,855.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,072,852.48. Following the completion of the transaction, the chief executive officer now directly owns 176,943 shares in the company, valued at $11,150,947.86. The disclosure for this sale can be found here. 22.01% of the stock is owned by company insiders.

Choice Hotels International Company 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.

Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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