AQR Capital Management LLC Reduces Position in Choice Hotels International, Inc. (CHH)

AQR Capital Management LLC lowered its position in Choice Hotels International, Inc. (NYSE:CHH) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,473 shares of the company’s stock after selling 2,456 shares during the period. AQR Capital Management LLC’s holdings in Choice Hotels International were worth $1,720,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Choice Hotels International by 5.2% in the first quarter. Wellington Management Group LLP now owns 2,675,223 shares of the company’s stock worth $167,469,000 after buying an additional 133,342 shares during the period. Vanguard Group Inc. increased its position in Choice Hotels International by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock worth $163,158,000 after buying an additional 108,427 shares during the period. BlackRock Inc. increased its position in Choice Hotels International by 2,026.0% in the first quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after buying an additional 2,233,299 shares during the period. Dimensional Fund Advisors LP increased its position in Choice Hotels International by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 926,823 shares of the company’s stock worth $58,020,000 after buying an additional 27,318 shares during the period. Finally, Victory Capital Management Inc. increased its position in Choice Hotels International by 32,123.6% in the first quarter. Victory Capital Management Inc. now owns 817,514 shares of the company’s stock worth $51,176,000 after buying an additional 814,977 shares during the period. Hedge funds and other institutional investors own 49.70% of the company’s stock.

Shares of Choice Hotels International, Inc. (NYSE CHH) traded up 1.92% during mid-day trading on Friday, hitting $61.20. The stock had a trading volume of 203,013 shares. The stock has a market cap of $3.43 billion, a P/E ratio of 22.61 and a beta of 1.11. Choice Hotels International, Inc. has a 52-week low of $43.70 and a 52-week high of $67.80. The company’s 50 day moving average is $63.78 and its 200-day moving average is $62.59.

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

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A number of research analysts have weighed in on CHH shares. Barclays PLC reiterated an “underweight” rating and set a $60.00 target price (down previously from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Deutsche Bank AG reduced their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, April 14th. Finally, Telsey Advisory Group boosted their price target on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $62.57.

In other Choice Hotels International news, CEO Stephen P. Joyce sold 17,024 shares of Choice Hotels International stock in a transaction on 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 transaction, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at $11,150,947.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of Choice Hotels International stock in a transaction on Monday, July 10th. The stock was sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the completion of the transaction, the chief executive officer now directly owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by insiders.

About Choice Hotels International

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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