Schwab Charles Investment Management Inc. Acquires 16,414 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Schwab Charles Investment Management Inc. increased its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 11.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,888 shares of the company’s stock after buying an additional 16,414 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.28% of Choice Hotels International worth $9,759,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CHH. Vanguard Group Inc. increased its position in shares of 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. Swiss National Bank increased its position in shares of Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock worth $3,760,000 after buying an additional 600 shares during the period. Pacer Advisors Inc. increased its position in shares of Choice Hotels International by 14.6% in the first quarter. Pacer Advisors Inc. now owns 6,329 shares of the company’s stock worth $396,000 after buying an additional 806 shares during the period. Piermont Capital Management Inc. acquired a new position in shares of Choice Hotels International during the first quarter worth about $586,000. Finally, Trexquant Investment LP increased its position in shares of 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 owned by hedge funds and other institutional investors.

Choice Hotels International, Inc. (NYSE CHH) traded down 0.33% during midday trading on Friday, hitting $60.40. The company had a trading volume of 74,549 shares. The company’s 50 day moving average is $63.15 and its 200 day moving average is $62.78. Choice Hotels International, Inc. has a 12-month low of $43.70 and a 12-month high of $67.80. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 22.31 and a beta of 1.11.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the previous year, the company earned $0.71 earnings per share. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities analysts anticipate that Choice Hotels International, Inc. will post $2.85 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on CHH shares. Morgan Stanley downgraded 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. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Wednesday, July 5th. Telsey Advisory Group increased their target price on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research note on Friday, May 5th. Barclays PLC reissued an “underweight” rating and set a $60.00 target price (down from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. Finally, BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.57.

In related news, CEO Stephen P. Joyce sold 44,116 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 201,922 shares of the company’s stock, valued at $12,696,855.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen P. Joyce sold 17,024 shares of the business’s 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 approximately $11,150,947.86. The disclosure for this sale can be found here. 22.01% of the stock is 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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