Cubist Systematic Strategies LLC Purchases New Position in Choice Hotels International, Inc. $CHH

Key Points

• Cubist Systematic Strategies LLC invested approximately $25.67 million in Choice Hotels International, acquiring 193,352 shares which represents around 0.42% of the company's total stock.
• Analysts have mixed opinions on Choice Hotels, with price targets ranging from $117.00 to $140.00 and most ratings classified as "underweight" or "neutral".
• Choice Hotels reported earnings of $1.92 per share for the last quarter, slightly surpassing expectations, although revenue declined compared to the previous year.

Cubist Systematic Strategies LLC acquired a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 193,352 shares of the company's stock, valued at approximately $25,673,000. Cubist Systematic Strategies LLC owned about 0.42% of Choice Hotels International at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings 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 valued at $34,000 after buying an additional 102 shares during the last quarter. HM Payson & Co. purchased a new stake in shares of Choice Hotels International during the first quarter valued at $35,000. Signaturefd LLC grew its holdings in shares of Choice Hotels International by 64.7% during the first quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 108 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Choice Hotels International by 1,694.6% during the first 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 period. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Choice Hotels International by 133.2% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,026 shares of the company's stock valued at $136,000 after purchasing an additional 586 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CHH. Robert W. Baird decreased their price objective on shares of Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the stock a "neutral" rating in a research report on Friday, May 16th. Barclays decreased their price objective on shares of Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating for the company in a research report on Thursday, August 7th. Morgan Stanley reaffirmed an "underweight" rating and issued a $121.00 price target on shares of Choice Hotels International in a research note on Tuesday, July 15th. Finally, Truist Financial decreased their price target on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat, Choice Hotels International has an average rating of "Reduce" and a consensus target price of $133.38.

Insider Buying and Selling

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 70,881 shares of the company's stock, valued at $9,111,043.74. This trade represents a 6.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 12,500 shares of company stock valued at $1,647,400. Company insiders own 23.78% of the company's stock.

Choice Hotels International Trading Down 0.0%

Choice Hotels International stock traded down $0.03 during trading on Thursday, hitting $117.14. The company had a trading volume of 278,531 shares, compared to its average volume of 422,509. Choice Hotels International, Inc. has a 1-year low of $116.15 and a 1-year high of $157.86. The company's 50 day simple moving average is $126.60 and its 200-day simple moving average is $129.07. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.90 by $0.02. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The company had revenue of $426.44 million during the quarter, compared to analysts' expectations of $430.13 million. During the same quarter last year, the company posted $1.84 EPS. The firm's revenue was down 2.0% compared to the same quarter last year. As a group, analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal 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.