Choice Hotels International, Inc. $CHH Shares Bought by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly increased its holdings in Choice Hotels International by 268.8% during the first quarter, now owning shares worth approximately $1.84 million.
• Insider sales included a transaction by EVP Dominic Dragisich, who sold 5,000 shares valued at $642,700, reducing his ownership by 6.59%.
• Choice Hotels International's stock is currently trading at $121.70, having experienced a 1.5% increase, and recently reported earnings of $1.92 per share, beating estimates.

AlphaQuest LLC raised its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 268.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,888 shares of the company's stock after buying an additional 10,122 shares during the period. AlphaQuest LLC's holdings in Choice Hotels International were worth $1,844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHH. UMB Bank n.a. increased its stake in shares of 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 in the last quarter. HM Payson & Co. bought a new position in Choice Hotels International during the first quarter valued at $35,000. Signaturefd LLC raised its stake in shares of Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after acquiring an additional 108 shares during the period. Quarry LP raised 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 valued at $86,000 after acquiring an additional 123 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of 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 valued at $88,000 after acquiring an additional 627 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total value of $642,700.00. Following the transaction, the executive vice president directly owned 70,881 shares of the company's stock, valued at approximately $9,111,043.74. The trade was a 6.59% decrease in their position. The sale was disclosed in a filing with the SEC, 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 Trading Down 1.1%

NYSE:CHH traded down $1.36 during mid-day trading on Thursday, hitting $119.23. The stock had a trading volume of 72,782 shares, compared to its average volume of 423,838. Choice Hotels International, Inc. has a twelve month low of $116.20 and a twelve month high of $157.86. The stock has a 50-day simple moving average of $127.19 and a two-hundred day simple moving average of $130.15. The company has a market capitalization of $5.52 billion, a PE ratio of 18.33, a PEG ratio of 2.25 and a beta of 0.96.

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 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 firm's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. Sell-side analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CHH has been the subject of a number of research analyst reports. Truist Financial decreased 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. Barclays dropped their price objective on shares of Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating on the stock in a report on Thursday, August 7th. 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 target on the stock. Morgan Stanley restated an "underweight" rating and set a $121.00 price objective on shares of Choice Hotels International in a research report on Tuesday, July 15th. Finally, Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the company a "neutral" rating in a research note on Friday, May 16th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average 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.