Alyeska Investment Group L.P. purchased a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 75,998 shares of the company's stock, valued at approximately $8,380,000. Alyeska Investment Group L.P. owned 0.17% of Choice Hotels International at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new stake in Choice Hotels International in the first quarter valued at $324,000. Goldman Sachs Group Inc. raised its stake in shares of Choice Hotels International by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 110,031 shares of the company's stock worth $14,610,000 after buying an additional 12,904 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Choice Hotels International by 8.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 108,512 shares of the company's stock worth $14,408,000 after buying an additional 8,887 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Choice Hotels International by 89.8% in the 1st quarter. Jane Street Group LLC now owns 50,138 shares of the company's stock worth $6,657,000 after buying an additional 23,726 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Choice Hotels International by 35.2% in the 2nd quarter. Prudential Financial Inc. now owns 2,139 shares of the company's stock valued at $299,000 after acquiring an additional 557 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.
Choice Hotels International Stock Performance
Shares of CHH opened at $103.37 on Tuesday. The company has a debt-to-equity ratio of 14.08, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 2.75 and a beta of 0.67. The company's 50 day simple moving average is $109.38 and its 200 day simple moving average is $108.53. Choice Hotels International, Inc. has a 1 year low of $84.04 and a 1 year high of $123.82.
Choice Hotels International (NYSE:CHH - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.97 by $0.05. Choice Hotels International had a net margin of 20.28% and a return on equity of 205.69%. The firm had revenue of $440.76 million for the quarter, compared to analyst estimates of $436.48 million. During the same quarter last year, the business earned $1.92 earnings per share. Choice Hotels International's revenue was up 3.4% compared to the same quarter last year. Choice Hotels International has set its FY 2026 guidance at 6.860-7.100 EPS. On average, sell-side analysts predict that Choice Hotels International, Inc. will post 6.97 EPS for the current year.
Insider Activity
In other Choice Hotels International news, CFO Scott E. Oaksmith sold 2,000 shares of Choice Hotels International stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the sale, the chief financial officer owned 35,172 shares in the company, valued at $3,868,920. The trade was a 5.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William L. Jews sold 5,057 shares of Choice Hotels International stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $106.98, for a total value of $540,997.86. Following the completion of the sale, the director owned 23,987 shares of the company's stock, valued at $2,566,129.26. This trade represents a 17.41% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 23.87% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $124.00 target price on shares of Choice Hotels International in a research report on Thursday, August 6th. Robert W. Baird set a $128.00 price objective on shares of Choice Hotels International in a research note on Monday, May 11th. Wells Fargo & Company lifted their price objective on Choice Hotels International from $98.00 to $99.00 and gave the stock an "underweight" rating in a research report on Thursday, July 16th. Truist Financial reduced their target price on Choice Hotels International from $129.00 to $128.00 and set a "buy" rating on the stock in a research note on Tuesday, May 26th. Finally, Mizuho assumed coverage on Choice Hotels International in a report on Thursday. They set a "neutral" rating and a $106.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Choice Hotels International presently has an average rating of "Reduce" and an average price target of $112.38.
Check Out Our Latest Report on CHH
Choice Hotels International Company Profile
(
Free Report)
Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company's core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.
Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.
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