Choice Hotels International, Inc. $CHH Shares Sold by Vident Advisory LLC

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 lowered its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 31.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHH. Captrust Financial Advisors lifted its stake in shares of Choice Hotels International by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 2,069 shares of the company's stock worth $294,000 after purchasing an additional 90 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of Choice Hotels International by 2.2% during the first quarter. Alliance Wealth Advisors LLC UT now owns 4,367 shares of the company's stock worth $580,000 after purchasing an additional 92 shares in the last quarter. Occudo Quantitative Strategies LP lifted its stake in shares of Choice Hotels International by 3.2% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company's stock worth $435,000 after purchasing an additional 95 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Choice Hotels International by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company's stock worth $837,000 after purchasing an additional 100 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Choice Hotels International by 66.2% during 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 in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.

Choice Hotels International Trading Up 2.4%

Choice Hotels International stock traded up $2.68 during midday trading on Thursday, hitting $115.17. The stock had a trading volume of 311,720 shares, compared to its average volume of 388,136. The stock has a market cap of $5.33 billion, a P/E ratio of 17.72, a P/E/G ratio of 2.12 and a beta of 0.90. Choice Hotels International, Inc. has a 12 month low of $111.42 and a 12 month high of $157.86. The business has a fifty day moving average price of $124.93 and a 200 day moving average price of $127.65.

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

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Wednesday, October 1st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Choice Hotels International's payout ratio is currently 17.69%.

Insider Buying and Selling

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total value of $642,700.00. Following the completion of the transaction, the executive vice president directly owned 70,881 shares in the company, valued at $9,111,043.74. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 12,500 shares of company stock valued at $1,647,400 in the last three months. Insiders own 23.78% of the company's stock.

Wall Street Analyst Weigh In

CHH has been the topic of a number of recent research reports. UBS Group reduced their price objective on 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. Robert W. Baird dropped their target price on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. JPMorgan Chase & Co. assumed coverage on Choice Hotels International in a research report on Monday, June 23rd. They set an "underweight" rating and a $124.00 target price on the stock. Morgan Stanley reaffirmed an "underweight" rating and set a $121.00 target price on shares of Choice Hotels International in a research report on Tuesday, July 15th. Finally, Susquehanna set a $140.00 target price on Choice Hotels International and gave the stock a "neutral" rating in a research report on Friday, May 16th. Three 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 stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $133.38.

Choice Hotels International Company 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.