Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by BlackRock Inc.

BlackRock Inc. raised its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 2,026.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,343,529 shares of the company’s stock after buying an additional 2,233,299 shares during the period. BlackRock Inc. owned 4.16% of Choice Hotels International worth $146,706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHH. KBC Group NV acquired a new position in Choice Hotels International during the first quarter worth $120,000. Russell Investments Group Ltd. acquired a new position in Choice Hotels International during the fourth quarter worth $130,000. O Shaughnessy Asset Management LLC acquired a new position in Choice Hotels International during the first quarter worth $130,000. Parametrica Management Ltd acquired a new position in Choice Hotels International during the first quarter worth $222,000. Finally, Trexquant Investment LP raised its position in Choice Hotels International by 7.9% in the first quarter. Trexquant Investment LP now owns 4,472 shares of the company’s stock worth $280,000 after buying an additional 328 shares during the period. 50.23% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International, Inc. (CHH) traded down 0.33% on Friday, hitting $60.40. 74,549 shares of the company were exchanged. Choice Hotels International, Inc. has a 52 week low of $43.70 and a 52 week high of $67.80. The company has a 50 day moving average price of $63.15 and a 200-day moving average price of $62.78. The stock 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 announced its quarterly earnings data 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 company 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 firm posted $0.71 EPS. Choice Hotels International’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities analysts expect that Choice Hotels International, Inc. will post $2.85 earnings per share for the current fiscal year.

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CHH has been the topic of a number of recent research reports. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of 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. Morgan Stanley lowered shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research note on Friday, May 5th. They noted that the move was a valuation call. Deutsche Bank AG dropped their price objective on shares of 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, Telsey Advisory Group raised 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 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 assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $62.57.

In related news, CEO Stephen P. Joyce sold 17,024 shares of the 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 sale, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the sale, 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. Corporate 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.

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

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