2,968 Shares in Choice Hotels International, Inc. $CHH Purchased by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Choice Hotels International by purchasing 2,968 shares valued at approximately $394,000.
• Institutional investors collectively own 65.57% of Choice Hotels' stock, with notable increases in ownership from firms like Barclays PLC and SG Americas Securities LLC.
• Choice Hotels reported $1.92 EPS, exceeding analyst expectations, but experienced a 2.0% decline in quarterly revenue compared to the previous year.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,968 shares of the company's stock, valued at approximately $394,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHH. Vanguard Group Inc. raised its holdings in Choice Hotels International by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company's stock worth $339,464,000 after purchasing an additional 133,216 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock worth $41,577,000 after acquiring an additional 120,376 shares during the last quarter. Sophron Capital Management L.P. purchased a new position in Choice Hotels International in the 4th quarter valued at $7,736,000. D. E. Shaw & Co. Inc. grew its position in Choice Hotels International by 65.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 103,064 shares of the company's stock valued at $14,633,000 after buying an additional 40,729 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Choice Hotels International during the 4th quarter worth $5,499,000. Institutional investors and hedge funds own 65.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CHH. UBS Group decreased their target price on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Robert W. Baird cut their price target on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a research note on Friday. Barclays cut their price target on Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating for the company in a research note on Thursday, August 7th. Susquehanna set a $140.00 price target on Choice Hotels International and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $121.00 target price on shares of Choice Hotels International in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $133.38.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 2,500 shares of the business's stock in a transaction dated 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 directly owned 68,381 shares in the company, valued at approximately $9,330,587.45. The trade was a 3.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 12,500 shares of company stock worth $1,647,400 in the last quarter. 24.02% of the stock is owned by insiders.

Choice Hotels International Price Performance

CHH traded down $1.3930 during trading hours on Monday, hitting $120.4570. 5,808 shares of the stock were exchanged, compared to its average volume of 426,652. The stock has a 50-day simple moving average of $127.43 and a 200-day simple moving average of $130.53. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96.

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

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.