Choice Hotels International Inc (CHH) Holdings Boosted by Keybank National Association OH

Keybank National Association OH boosted its position in Choice Hotels International Inc (NYSE:CHH) by 17.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,075 shares of the company’s stock after acquiring an additional 3,100 shares during the quarter. Keybank National Association OH’s holdings in Choice Hotels International were worth $1,756,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CHH. Brown Advisory Inc. lifted its holdings in Choice Hotels International by 204.6% in the 2nd quarter. Brown Advisory Inc. now owns 632,068 shares of the company’s stock worth $47,783,000 after buying an additional 424,539 shares in the last quarter. BlackRock Inc. increased its position in shares of Choice Hotels International by 13.1% in the 2nd quarter. BlackRock Inc. now owns 1,587,731 shares of the company’s stock worth $120,032,000 after purchasing an additional 183,553 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Choice Hotels International by 16.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,065,468 shares of the company’s stock worth $88,754,000 after purchasing an additional 153,573 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Choice Hotels International by 5.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,553,200 shares of the company’s stock worth $117,422,000 after purchasing an additional 86,700 shares during the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Choice Hotels International by 3,668.8% in the 2nd quarter. Federated Investors Inc. PA now owns 78,542 shares of the company’s stock worth $5,938,000 after purchasing an additional 76,458 shares during the last quarter. Hedge funds and other institutional investors own 57.19% of the company’s stock.

CHH opened at $77.45 on Friday. The stock has a market capitalization of $4.31 billion, a PE ratio of 26.89, a P/E/G ratio of 2.35 and a beta of 1.06. Choice Hotels International Inc has a 1-year low of $69.06 and a 1-year high of $85.35.

Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.08. Choice Hotels International had a net margin of 17.26% and a negative return on equity of 98.61%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $321.69 million. During the same quarter in the previous year, the firm earned $0.95 EPS. The company’s revenue was down 1.8% on a year-over-year basis. On average, equities research analysts forecast that Choice Hotels International Inc will post 3.85 earnings per share for the current fiscal year.

In related news, insider Patrick Cimerola sold 5,180 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $83.05, for a total transaction of $430,199.00. Following the completion of the sale, the insider now owns 26,009 shares of the company’s stock, valued at approximately $2,160,047.45. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick Pacious sold 35,350 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $82.33, for a total transaction of $2,910,365.50. Following the sale, the chief executive officer now directly owns 139,498 shares of the company’s stock, valued at approximately $11,484,870.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,323 shares of company stock valued at $4,553,317. Insiders own 22.01% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Longbow Research assumed coverage on shares of Choice Hotels International in a research report on Friday, September 7th. They issued a “buy” rating and a $95.00 target price for the company. Wells Fargo & Co reissued a “hold” rating on shares of Choice Hotels International in a research report on Thursday, August 9th. Zacks Investment Research downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b-” rating in a research report on Friday, September 28th. Finally, Jefferies Financial Group set a $83.00 target price on shares of Choice Hotels International and gave the stock a “hold” rating in a research report on Friday, November 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.00.

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About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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