Connable Office Inc. Has $437,000 Stake in Choice Hotels International, Inc. (NYSE:CHH)

Connable Office Inc. maintained its position in shares of Choice Hotels International, Inc. (NYSE:CHH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,800 shares of the company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Choice Hotels International were worth $437,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. KBC Group NV purchased a new position in shares of Choice Hotels International during the first quarter worth approximately $120,000. Russell Investments Group Ltd. purchased a new position in shares of Choice Hotels International during the fourth quarter worth approximately $130,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Choice Hotels International during the first quarter worth approximately $130,000. Huntington National Bank increased 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. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Choice Hotels International during the second quarter worth approximately $210,000. Hedge funds and other institutional investors own 49.70% of the company’s stock.

Choice Hotels International, Inc. (NYSE:CHH) opened at 60.05 on Friday. The firm has a market cap of $3.37 billion, a P/E ratio of 22.18 and a beta of 1.11. The firm has a 50-day moving average of $63.90 and a 200 day moving average of $62.55. Choice Hotels International, Inc. has a 1-year low of $43.70 and a 1-year high of $67.80.

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

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CHH has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Monday, April 17th. BidaskClub downgraded shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley downgraded shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price for the company. in a research note on Friday, May 5th. They noted that the move was a valuation call. Deutsche Bank AG decreased their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. Finally, Telsey Advisory Group upped their price objective on shares of Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $62.57.

In other news, CEO Stephen P. Joyce sold 44,116 shares of Choice Hotels International 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen P. Joyce sold 17,024 shares of Choice Hotels International 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 of the company’s stock, valued at $11,150,947.86. The disclosure for this sale can be found here. Insiders own 22.01% of the company’s stock.

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.

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

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