Vident Advisory LLC Reduces Holdings in Choice Hotels International, Inc. $CHH

Key Points

• Vident Advisory LLC sold 2,143 shares of Choice Hotels International, reducing its holdings by 31.8%, now valuing its stake at approximately $609,000.
• Choice Hotels reported an EPS of $1.92 for the last quarter, slightly beating analysts' estimates, but its revenue fell 2.0% year-over-year.
• Analysts have mixed ratings for Choice Hotels, with an average target price of $133.38, which reflects a cautious outlook for the stock.

Vident Advisory LLC trimmed its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 31.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,587 shares of the company's stock after selling 2,143 shares during the quarter. Vident Advisory LLC's holdings in Choice Hotels International were worth $609,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. grew its holdings in Choice Hotels International by 66.2% in the first quarter. UMB Bank n.a. now owns 256 shares of the company's stock worth $34,000 after purchasing an additional 102 shares during the period. HM Payson & Co. acquired a new stake in Choice Hotels International in the first quarter worth $35,000. Signaturefd LLC grew its holdings in Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 108 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $88,000 after purchasing an additional 627 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings 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 worth $136,000 after purchasing an additional 586 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Choice Hotels International

In other news, EVP Dominic Dragisich sold 5,000 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 12,500 shares of company stock worth $1,647,400. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Price Performance

Shares of NYSE CHH traded down $1.90 during mid-day trading on Monday, reaching $114.93. 666,586 shares of the company's stock were exchanged, compared to its average volume of 372,760. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. Choice Hotels International, Inc. has a 52 week low of $112.31 and a 52 week high of $157.86. The firm has a 50-day moving average price of $125.95 and a two-hundred day moving average price of $128.10.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.92 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 negative return on equity of 575.73% and a net margin of 19.52%.The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.84 EPS. As a group, sell-side analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays reduced their price target 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. Robert W. Baird lowered their price objective on shares of Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. initiated 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. Morgan Stanley restated an "underweight" rating and set a $121.00 price objective on shares of Choice Hotels International in a report on Tuesday, July 15th. Finally, UBS Group lowered 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 equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $133.38.

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.