Hsbc Holdings PLC Has $1.41 Million Holdings in Choice Hotels International, Inc. $CHH

Key Points

• Hsbc Holdings PLC significantly reduced its stake in Choice Hotels International by 49.3% in the first quarter, after selling over 10,000 shares, leaving them with a holding valued at approximately $1.4 million.
• Choice Hotels reported a quarterly earnings per share (EPS) of $1.92, exceeding estimates, but faced a 2.0% decline in revenue year-over-year, totaling $426.44 million.
• Wall Street analysts have mixed views on the stock, with an average target price of $133.38, where three analysts rated it as a Buy, while others have issued Hold and Sell ratings.

Hsbc Holdings PLC lessened its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 49.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,590 shares of the company's stock after selling 10,286 shares during the quarter. Hsbc Holdings PLC's holdings in Choice Hotels International were worth $1,405,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Choice Hotels International by 56.9% in the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after purchasing an additional 6,493 shares during the last quarter. Mariner LLC grew its stake in shares of Choice Hotels International by 19.4% in the fourth quarter. Mariner LLC now owns 2,697 shares of the company's stock worth $383,000 after purchasing an additional 439 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Choice Hotels International in the fourth quarter worth $923,000. Boothbay Fund Management LLC bought a new stake in shares of Choice Hotels International in the fourth quarter worth $236,000. Finally, Quarry LP grew its stake in shares of Choice Hotels International by 25.6% in the fourth quarter. Quarry LP now owns 604 shares of the company's stock worth $86,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 65.57% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CHH shares. Morgan Stanley reissued an "underweight" rating and issued a $121.00 price objective on shares of Choice Hotels International in a research note on Tuesday, July 15th. JPMorgan Chase & Co. started coverage on shares of Choice Hotels International in a research note on Monday, June 23rd. They issued an "underweight" rating and a $124.00 price objective on the stock. UBS Group reduced 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 research note on Thursday, July 10th. Susquehanna set a $140.00 price target on shares of Choice Hotels International and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Truist Financial cut their price target on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $133.38.

Choice Hotels International Price Performance

Shares of CHH stock traded up $0.53 on Monday, reaching $119.62. 293,457 shares of the company were exchanged, compared to its average volume of 426,419. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 2.26 and a beta of 0.90. The company has a 50-day moving average of $127.04 and a 200-day moving average of $129.42. Choice Hotels International, Inc. has a one year low of $116.20 and a one year high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.02. The company 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 business's revenue was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.84 EPS. As a group, sell-side analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Insider Activity

In other news, EVP Dominic Dragisich sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the transaction, the executive vice president owned 70,881 shares of the company's stock, valued at $9,111,043.74. This represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 12,500 shares of company stock worth $1,647,400. 23.78% of the stock is owned by corporate insiders.

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.