193,352 Shares in Choice Hotels International, Inc. $CHH Acquired by Cubist Systematic Strategies LLC

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 bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mariner LLC boosted its holdings in shares of Choice Hotels International by 19.4% in the fourth quarter. Mariner LLC now owns 2,697 shares of the company's stock valued at $383,000 after acquiring an additional 439 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Choice Hotels International during the 4th quarter valued at $923,000. Boothbay Fund Management LLC bought a new position in Choice Hotels International in the 4th quarter worth $236,000. Northern Trust Corp raised its stake in Choice Hotels International by 10.3% during the 4th quarter. Northern Trust Corp now owns 267,256 shares of the company's stock valued at $37,945,000 after purchasing an additional 24,957 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in shares of Choice Hotels International by 503.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 33,638 shares of the company's stock valued at $4,776,000 after buying an additional 28,067 shares during the period. Institutional investors own 65.57% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on CHH shares. UBS Group lowered their price objective on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Truist Financial dropped 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 research report on Friday, May 30th. JPMorgan Chase & Co. began 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 for the company. Robert W. Baird lowered their price objective on shares of Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating on the stock in a report on Friday, August 22nd. Finally, Morgan Stanley reiterated 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 investment analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Choice Hotels International currently has an average rating of "Reduce" and an average target price of $133.38.

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 that occurred on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the sale, the executive vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 12,500 shares of company stock worth $1,647,400. 23.78% of the stock is owned by corporate insiders.

Choice Hotels International Price Performance

CHH stock traded down $0.89 during trading on Friday, hitting $116.24. 102,337 shares of the stock traded hands, compared to its average volume of 420,596. Choice Hotels International, Inc. has a 1 year low of $115.82 and a 1 year high of $157.86. The firm's 50 day moving average is $126.40 and its two-hundred day moving average is $128.87. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data 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 net margin of 19.52% and a negative return on equity of 575.73%. The firm had revenue of $426.44 million for the quarter, compared to analysts' expectations of $430.13 million. During the same quarter in the prior year, the business earned $1.84 EPS. The business's quarterly revenue was down 2.0% on a year-over-year basis. As a group, analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS 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.