Vestmark Advisory Solutions Inc. Acquires 31,527 Shares of Choice Hotels International, Inc. $CHH

Key Points

• Vestmark Advisory Solutions Inc. has increased its holdings in Choice Hotels International by 104.9%, now owning 61,570 shares valued at approximately $8.18 million.
• Insider transactions have occurred, with Director Ervin R. Shames selling 2,000 shares and EVP Dominic Dragisich selling 2,500 shares, resulting in a decrease in their positions.
• Choice Hotels reported an EPS of $1.92 for the last quarter, slightly surpassing estimates, though its revenue declined by 2% year-over-year.

Vestmark Advisory Solutions Inc. boosted its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 104.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,570 shares of the company's stock after purchasing an additional 31,527 shares during the quarter. Vestmark Advisory Solutions Inc. owned approximately 0.13% of Choice Hotels International worth $8,175,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CHH. UMB Bank n.a. lifted its holdings 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 buying an additional 102 shares in the last quarter. HM Payson & Co. bought a new stake in Choice Hotels International in the 1st quarter valued at $35,000. Signaturefd LLC lifted its stake in Choice Hotels International by 64.7% in the 1st quarter. Signaturefd LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 108 shares in the last quarter. Quarry LP boosted its holdings in shares of Choice Hotels International by 25.6% during the 4th quarter. Quarry LP now owns 604 shares of the company's stock valued at $86,000 after purchasing an additional 123 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Choice Hotels International by 1,694.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 664 shares of the company's stock valued at $88,000 after purchasing an additional 627 shares during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHH has been the topic of several research reports. Robert W. Baird reduced their target price on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a report on Monday, May 19th. Morgan Stanley restated an "underweight" rating and set a $121.00 price target on shares of Choice Hotels International in a report on Tuesday, July 15th. Barclays decreased their price objective on Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating on the stock in a report on Thursday, August 7th. Truist Financial cut their target price 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. Finally, JPMorgan Chase & Co. assumed coverage on shares of Choice Hotels International in a research report on Monday, June 23rd. They issued an "underweight" rating and a $124.00 price target on the stock. 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 stock. Based on data from MarketBeat.com, Choice Hotels International has an average rating of "Reduce" and an average price target of $134.08.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 2,500 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $136.45, for a total value of $341,125.00. Following the sale, the executive vice president owned 68,381 shares of the company's stock, valued at approximately $9,330,587.45. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 12,500 shares of company stock valued at $1,647,400 over the last quarter. Corporate insiders own 23.78% of the company's stock.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock traded down $2.4190 on Wednesday, reaching $119.1210. The company had a trading volume of 368,860 shares, compared to its average volume of 440,396. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 2.29 and a beta of 0.96. The firm's 50-day moving average price is $127.64 and its two-hundred day moving average price is $131.24. Choice Hotels International, Inc. has a 1 year low of $116.20 and a 1 year high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results 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 company had revenue of $426.44 million for 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.84 EPS. As a group, analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

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.