Edgestream Partners L.P. Sells 11,614 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Edgestream Partners L.P. reduced its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 41.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,502 shares of the company's stock after selling 11,614 shares during the quarter. Edgestream Partners L.P.'s holdings in Choice Hotels International were worth $2,191,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CHH. Barclays PLC grew its stake in shares of Choice Hotels International by 56.9% in the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after purchasing an additional 6,493 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Choice Hotels International by 492.4% in the first quarter. SG Americas Securities LLC now owns 5,207 shares of the company's stock worth $691,000 after purchasing an additional 4,328 shares in the last quarter. MQS Management LLC bought a new position in shares of Choice Hotels International in the first quarter worth $434,000. Essex Financial Services Inc. bought a new position in shares of Choice Hotels International in the first quarter worth $278,000. Finally, Invesco Ltd. grew its stake in shares of Choice Hotels International by 85.5% in the fourth quarter. Invesco Ltd. now owns 134,188 shares of the company's stock worth $19,052,000 after purchasing an additional 61,849 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Stock Up 0.1%

Shares of CHH stock traded up $0.15 during mid-day trading on Friday, reaching $131.28. The stock had a trading volume of 301,106 shares, compared to its average volume of 383,611. The firm's 50 day simple moving average is $128.51 and its 200 day simple moving average is $133.96. Choice Hotels International, Inc. has a one year low of $116.20 and a one year high of $157.86. The firm has a market cap of $6.09 billion, a PE ratio of 20.04, a P/E/G ratio of 2.22 and a beta of 0.96.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.04). The business had revenue of $332.86 million for the quarter, compared to the consensus estimate of $348.52 million. Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. Choice Hotels International's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 EPS. Sell-side analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st were paid a $0.2875 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. Choice Hotels International's payout ratio is 17.56%.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, Director Ervin R. Shames sold 2,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.56, for a total value of $259,120.00. Following the sale, the director owned 52,212 shares in the company, valued at $6,764,586.72. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dominic Dragisich sold 5,000 shares of the company'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 sale, the executive vice president owned 70,881 shares in the company, valued at $9,111,043.74. This represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,000 shares of company stock valued at $1,565,395. Insiders own 23.78% of the company's stock.

Wall Street Analyst Weigh In

CHH has been the subject of several analyst reports. Redburn Atlantic raised Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 target price for the company in a report on Monday, March 24th. The Goldman Sachs Group raised Choice Hotels International from a "sell" rating to a "buy" rating and reduced their target price for the company from $141.00 to $138.00 in a report on Monday, April 14th. Susquehanna set a $140.00 target price on Choice Hotels International and gave the company a "neutral" rating in a report on Friday, May 16th. Robert W. Baird reduced their target price on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, UBS Group reduced their target price on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $134.38.

Choice Hotels International 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.