Charles Schwab Investment Management Inc. Trims Stock Position in Choice Hotels International, Inc. $CHH

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Choice Hotels International by 1.2%, owning approximately 0.59% of the company with holdings valued at $36.6 million.
• Other hedge funds adjusted their positions, with Barclays PLC increasing its stake by 56.9% and SG Americas Securities LLC boosting theirs by 492.4% during the same period.
• Choice Hotels International reported Q2 earnings of $1.92 per share, slightly exceeding estimates, but noted a 2.0% year-over-year decline in revenue.

Charles Schwab Investment Management Inc. cut its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 275,687 shares of the company's stock after selling 3,462 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Choice Hotels International worth $36,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Choice Hotels International by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company's stock valued at $339,464,000 after purchasing an additional 133,216 shares during the last quarter. R Squared Ltd bought a new stake in Choice Hotels International during the first quarter valued at approximately $287,000. Jefferies Financial Group Inc. bought a new stake in Choice Hotels International during the first quarter valued at approximately $635,000. Vestcor Inc lifted its position in Choice Hotels International by 4.6% during the first quarter. Vestcor Inc now owns 3,594 shares of the company's stock valued at $477,000 after purchasing an additional 158 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in Choice Hotels International by 155.0% during the first quarter. XTX Topco Ltd now owns 13,243 shares of the company's stock valued at $1,758,000 after purchasing an additional 8,049 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Stock Performance

NYSE:CHH traded up $1.7790 during midday trading on Friday, reaching $121.6990. 339,201 shares of the stock traded hands, compared to its average volume of 452,907. The company has a fifty day moving average of $127.43 and a 200 day moving average of $130.71. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86. The stock has a market capitalization of $5.63 billion, a P/E ratio of 18.72, a PEG ratio of 2.30 and a beta of 0.96.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CHH shares. Truist Financial lowered their price objective on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a report on Friday, May 30th. Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. UBS Group lowered their price objective on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Morgan Stanley restated an "underweight" rating and issued a $121.00 price objective on shares of Choice Hotels International in a report on Tuesday, July 15th. Finally, Barclays lowered their price objective on shares of Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating for the company in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Choice Hotels International currently has an average rating of "Reduce" and a consensus target price of $133.38.

Insider Buying and Selling

In related news, EVP Dominic Dragisich sold 2,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $136.45, for a total transaction of $341,125.00. Following the completion of the sale, the executive vice president directly owned 68,381 shares in the company, valued at $9,330,587.45. This represents a 3.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 12,500 shares of company stock worth $1,647,400. Corporate insiders own 23.78% of the company's stock.

Choice Hotels International Profile

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.