Bank of America Corp DE Decreases Stock Position in Choice Hotels International, Inc. $CHH

Key Points

• Bank of America reduced its Choice Hotels position by 11.1%, selling 25,821 shares and retaining 206,000 shares valued at approximately $21.3 million. Institutional investors collectively own 65.57% of CHH.
• Analyst sentiment remains cautious, with two Buy, eight Hold, and four Sell ratings producing an average rating of “Reduce” and an average price target of $112.75.
• Choice Hotels beat quarterly expectations, reporting $2.02 in earnings per share versus a $1.97 consensus estimate and $440.76 million in revenue. Shares opened at $107.06, while the company issued fiscal 2026 EPS guidance of $6.86 to $7.10.

Bank of America Corp DE trimmed its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,000 shares of the company's stock after selling 25,821 shares during the period. Bank of America Corp DE owned approximately 0.45% of Choice Hotels International worth $21,321,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHH. Jacobs Levy Equity Management Inc. purchased a new position in shares of Choice Hotels International during the first quarter valued at approximately $324,000. Goldman Sachs Group Inc. grew its position in Choice Hotels International by 13.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 110,031 shares of the company's stock worth $14,610,000 after purchasing an additional 12,904 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Choice Hotels International by 8.9% in 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 purchasing an additional 8,887 shares during the period. Jane Street Group LLC raised its stake in Choice Hotels International by 89.8% during the 1st quarter. Jane Street Group LLC now owns 50,138 shares of the company's stock valued at $6,657,000 after buying an additional 23,726 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Choice Hotels International by 35.2% during the 2nd quarter. Prudential Financial Inc. now owns 2,139 shares of the company's stock valued at $299,000 after buying an additional 557 shares during the last quarter. Institutional investors own 65.57% of the company's stock.

Insider Buying and Selling at Choice Hotels International

In related news, CFO Scott E. Oaksmith sold 2,000 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the completion of the transaction, the chief financial officer directly owned 35,172 shares in the company, valued at approximately $3,868,920. The trade was a 5.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Choice Hotels International from $98.00 to $99.00 and gave the company an "underweight" rating in a report on Thursday, July 16th. Truist Financial reduced their price objective on Choice Hotels International from $129.00 to $128.00 and set a "buy" rating for the company in a research report on Tuesday, May 26th. Susquehanna increased their target price on Choice Hotels International from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Robert W. Baird set a $128.00 target price on Choice Hotels International in a research report on Monday, May 11th. Finally, JPMorgan Chase & Co. raised their target price on Choice Hotels International from $116.00 to $118.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Choice Hotels International currently has an average rating of "Reduce" and an average target price of $112.75.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock opened at $107.06 on Wednesday. Choice Hotels International, Inc. has a one year low of $84.04 and a one year high of $124.24. The stock's fifty day moving average is $109.85 and its 200 day moving average is $108.30. The stock has a market cap of $4.82 billion, a P/E ratio of 15.12, a P/E/G ratio of 4.23 and a beta of 0.67. The company has a debt-to-equity ratio of 14.08, a quick ratio of 0.93 and a current ratio of 0.93.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.05. The company had revenue of $440.76 million for the quarter, compared to the consensus estimate of $436.48 million. Choice Hotels International had a return on equity of 205.69% and a net margin of 20.28%.Choice Hotels International's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 earnings per share. Choice Hotels International has set its FY 2026 guidance at 6.860-7.100 EPS. Sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.01 earnings per share for the current year.

Choice Hotels International Profile

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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