AQR Capital Management LLC lowered its position in shares of 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 fund 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 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of CHH. Principal Financial Group Inc. increased its stake in Choice Hotels International by 0.7% in the first quarter. Principal Financial Group Inc. now owns 21,196 shares of the company’s stock valued at $1,327,000 after buying an additional 143 shares in the last quarter. Trexquant Investment LP increased its stake in Choice Hotels International by 7.9% in the first quarter. Trexquant Investment LP now owns 4,472 shares of the company’s stock valued at $280,000 after buying an additional 328 shares in the last quarter. Swiss National Bank boosted its position in Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock valued at $3,760,000 after buying an additional 600 shares during the last quarter. Pacer Advisors Inc. boosted its position in Choice Hotels International by 14.6% in the first quarter. Pacer Advisors Inc. now owns 6,329 shares of the company’s stock valued at $396,000 after buying an additional 806 shares during the last quarter. Finally, Crawford Investment Counsel Inc. boosted its position in Choice Hotels International by 1.5% in the first quarter. Crawford Investment Counsel Inc. now owns 56,350 shares of the company’s stock valued at $3,528,000 after buying an additional 860 shares during the last quarter. 50.23% of the stock is owned by institutional investors.
Shares of Choice Hotels International, Inc. (CHH) opened at 60.40 on Friday. Choice Hotels International, Inc. has a one year low of $43.70 and a one year high of $67.80. The firm’s 50-day moving average is $63.15 and its 200 day moving average is $62.78. The firm has a market capitalization of $3.39 billion, a P/E ratio of 22.31 and a beta of 1.11.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the 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 the consensus estimate of $254.68 million. During the same period in the prior year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities research analysts predict that Choice Hotels International, Inc. will post $2.85 earnings per share for the current year.
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CHH has been the subject of a number of recent research reports. BidaskClub upgraded shares of Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Deutsche Bank AG dropped their target price on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. 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 research report on Friday, August 4th. Finally, Telsey Advisory Group increased their price objective on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.57.
In other news, CEO Stephen P. Joyce sold 17,024 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total value of $1,072,852.48. Following the sale, the chief executive officer now directly owns 176,943 shares in the company, valued at $11,150,947.86. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stephen P. Joyce sold 44,116 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was 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 owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. Corporate insiders own 22.01% of the company’s stock.
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.
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