Invesco Ltd. Increases Stake in Choice Hotels International, Inc. $CHH

Key Points

• Invesco Ltd. increased its ownership of Choice Hotels International shares by 45.9% in the first quarter, acquiring an additional 61,562 shares, bringing its total to 195,750 shares valued at approximately $25.99 million.
• Executive VP Dominic Dragisich sold 5,000 shares of Choice Hotels stock for about $642,700, resulting in a 6.59% decrease in his holding, while insiders have sold 12,500 shares over the past 90 days.
• Analysts have mixed views on Choice Hotels, with UBS Group lowering its price target from $160 to $149 and Morgan Stanley setting a target price at $121, indicating a cautious outlook for the stock.

Invesco Ltd. raised its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 45.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 195,750 shares of the company's stock after acquiring an additional 61,562 shares during the quarter. Invesco Ltd. owned approximately 0.42% of Choice Hotels International worth $25,992,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CHH. Vanguard Group Inc. lifted its stake in Choice Hotels International by 5.5% in the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company's stock worth $339,464,000 after acquiring an additional 133,216 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in Choice Hotels International by 69.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock worth $41,577,000 after acquiring an additional 120,376 shares during the last quarter. Sophron Capital Management L.P. purchased a new position in Choice Hotels International in the fourth quarter worth approximately $7,736,000. D. E. Shaw & Co. Inc. raised its holdings in Choice Hotels International by 65.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 103,064 shares of the company's stock worth $14,633,000 after purchasing an additional 40,729 shares in the last quarter. Finally, Hudson Bay Capital Management LP acquired a new stake in Choice Hotels International during the fourth quarter worth approximately $5,499,000. Hedge funds and other institutional investors own 65.57% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on CHH. Morgan Stanley reissued an "underweight" rating and set a $121.00 price objective on shares of Choice Hotels International in a report on Tuesday, July 15th. 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. JPMorgan Chase & Co. began coverage on shares of Choice Hotels International in a report on Monday, June 23rd. They set an "underweight" rating and a $124.00 price objective on the stock. Truist Financial cut their price objective on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Finally, UBS Group cut their price objective on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Three 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. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $133.38.

Choice Hotels International Trading Down 2.0%

Shares of Choice Hotels International stock traded down $2.48 during trading on Monday, reaching $119.37. The company's stock had a trading volume of 254,786 shares, compared to its average volume of 455,929. The company has a 50-day moving average price of $127.35 and a two-hundred day moving average price of $130.29. The firm has a market cap of $5.52 billion, a PE ratio of 18.36, a P/E/G ratio of 2.30 and a beta of 0.96. Choice Hotels International, Inc. has a fifty-two week low of $116.20 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its 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. The business had revenue of $426.44 million for the quarter, compared to analysts' expectations of $430.13 million. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The company's quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 EPS. On average, analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the completion of the transaction, the executive vice president owned 70,881 shares in the company, valued at approximately $9,111,043.74. This represents a 6.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 12,500 shares of company stock valued at $1,647,400. 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.