CW Advisors LLC Increases Position in Choice Hotels International, Inc. $CHH

Key Points

• CW Advisors LLC increased its stake in Choice Hotels International by 17.3%, acquiring an additional 3,277 shares, bringing its total holdings to 22,208 shares valued at approximately $2.94 million.
• Analysts have reduced their price targets for Choice Hotels International's stock, with a consensus target now set at $133.38, indicating mixed ratings with three "Buy," six "Hold," and four "Sell" ratings.
• Shares of Choice Hotels are trading at approximately $121.70 with a market cap of $5.63 billion, showing a year-to-date performance with a low of $116.20 and a high of $157.86.

CW Advisors LLC increased its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 17.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,208 shares of the company's stock after acquiring an additional 3,277 shares during the period. CW Advisors LLC's holdings in Choice Hotels International were worth $2,949,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in 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 acquiring an additional 102 shares in the last quarter. HM Payson & Co. purchased a new position in Choice Hotels International in the first quarter worth $35,000. Signaturefd LLC grew its position in Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 108 shares in the last quarter. Quarry LP grew its position in Choice Hotels International by 25.6% in the fourth quarter. Quarry LP now owns 604 shares of the company's stock worth $86,000 after acquiring an additional 123 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position in 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 worth $88,000 after acquiring an additional 627 shares in the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHH has been the subject of several research reports. 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 research report on Friday, May 30th. Susquehanna set a $140.00 price target on shares of Choice Hotels International and gave the company a "neutral" rating in a research report on Friday, May 16th. UBS Group cut their price target on shares of 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. Robert W. Baird cut their price target 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. Finally, Morgan Stanley restated an "underweight" rating and set a $121.00 price target on shares of Choice Hotels International in a research report on Tuesday, July 15th. 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $133.38.

Choice Hotels International Trading Up 1.5%

Shares of NYSE:CHH opened at $121.6990 on Friday. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96. The company has a 50-day moving average price of $127.43 and a 200-day moving average price of $130.71. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86.

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

Insider Activity at Choice Hotels International

In other news, EVP Dominic Dragisich sold 5,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the completion of the transaction, the executive vice president directly owned 70,881 shares of the company's stock, valued at approximately $9,111,043.74. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 12,500 shares of company stock worth $1,647,400 over the last ninety days. Corporate insiders own 23.78% of the company's stock.

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.

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