Choice Hotels International, Inc. $CHH Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Choice Hotels International by 58.4% during Q1, ending with 5,504 shares valued at approximately $731,000.
• Choice Hotels reported earnings of $1.92 per share, surpassing analysts' expectations, but experienced a 2% decline in quarterly revenue year-over-year.
• Insider trading activity saw EVP Dominic Dragisich selling 5,000 shares for $642,700, indicating a 6.59% reduction in his ownership of the stock.

American Century Companies Inc. lessened its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 58.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,504 shares of the company's stock after selling 7,724 shares during the period. American Century Companies Inc.'s holdings in Choice Hotels International were worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Choice Hotels International by 66.2% in the first quarter. UMB Bank n.a. now owns 256 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the last quarter. HM Payson & Co. purchased a new position in Choice Hotels International in the first quarter valued at about $35,000. Signaturefd LLC grew its stake in Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after purchasing an additional 108 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Choice Hotels International by 1,694.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 664 shares of the company's stock valued at $88,000 after purchasing an additional 627 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Choice Hotels International by 133.2% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,026 shares of the company's stock valued at $136,000 after purchasing an additional 586 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CHH. UBS Group cut their target price on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Robert W. Baird lowered their price target on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a report on Friday, August 22nd. Truist Financial lowered their price target on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a report on Friday, May 30th. JPMorgan Chase & Co. assumed coverage on Choice Hotels International in a report on Monday, June 23rd. They issued an "underweight" rating and a $124.00 price target for the company. Finally, Morgan Stanley reissued an "underweight" rating and issued a $121.00 price target on shares of Choice Hotels International in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $133.38.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total value of $642,700.00. Following the completion of the transaction, the executive vice president directly owned 70,881 shares of the company's stock, valued at approximately $9,111,043.74. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 12,500 shares of company stock valued at $1,647,400 over the last three months. Insiders own 24.02% of the company's stock.

Choice Hotels International Price Performance

NYSE:CHH traded down $1.90 during trading hours on Monday, reaching $114.93. The company had a trading volume of 666,586 shares, compared to its average volume of 423,091. Choice Hotels International, Inc. has a 1-year low of $112.31 and a 1-year high of $157.86. The firm has a market cap of $5.32 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. The business's 50 day moving average price is $126.18 and its 200-day moving average price is $128.35.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.02. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The company had revenue of $426.44 million during the quarter, compared to the consensus estimate of $430.13 million. During the same period in the previous year, the company posted $1.84 earnings per share. Choice Hotels International's revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.