Fort L.P. lessened its position in Choice Hotels International Inc (NYSE:CHH) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,467 shares of the company’s stock after selling 1,709 shares during the period. Fort L.P. owned approximately 0.05% of Choice Hotels International worth $1,744,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CHH. California Public Employees Retirement System boosted its position in shares of Choice Hotels International by 1.0% during the 4th quarter. California Public Employees Retirement System now owns 74,736 shares of the company’s stock valued at $7,730,000 after purchasing an additional 767 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Choice Hotels International by 22.5% in the fourth quarter. Russell Investments Group Ltd. now owns 58,814 shares of the company’s stock valued at $6,084,000 after purchasing an additional 10,811 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $309,000. State of New Jersey Common Pension Fund D acquired a new stake in Choice Hotels International during the fourth quarter worth $3,587,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Choice Hotels International by 22.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 57,891 shares of the company’s stock worth $5,988,000 after acquiring an additional 10,580 shares during the last quarter. 59.79% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CHH stock traded down $5.06 during trading hours on Thursday, hitting $82.85. The stock had a trading volume of 9,514 shares, compared to its average volume of 534,248. Choice Hotels International Inc has a one year low of $46.25 and a one year high of $109.26. The stock’s 50-day moving average price is $76.86 and its two-hundred day moving average price is $87.27. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 18.62 and a beta of 1.37.
Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, May 11th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. Choice Hotels International had a negative return on equity of 385.30% and a net margin of 22.27%. The firm had revenue of $218.20 million for the quarter, compared to analysts’ expectations of $202.87 million. During the same period in the previous year, the firm posted $0.84 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that Choice Hotels International Inc will post 2.6 EPS for the current year.
CHH has been the topic of a number of research analyst reports. UBS Group upgraded Choice Hotels International from a “neutral” rating to a “buy” rating and dropped their price target for the company from $100.00 to $89.00 in a research note on Monday, May 4th. Wolfe Research upgraded Choice Hotels International from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 9th. Morgan Stanley increased their target price on Choice Hotels International from $67.00 to $71.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Deutsche Bank lowered their price objective on Choice Hotels International from $95.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, May 12th. They noted that the move was a valuation call. Finally, Bank of America raised Choice Hotels International from an “underperform” rating to a “neutral” rating and set a $70.00 price objective for the company in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $77.08.
Choice Hotels International Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.
Further Reading: The limitations of an equal weight rating
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