Erste Asset Management GmbH Cuts Holdings in Choice Hotels International, Inc. $CHH

Key Points

• Erste Asset Management GmbH reduced its stake in Choice Hotels International by 16.7%, now holding 125,000 shares valued at approximately $16.6 million.
• Insider selling has occurred with EVP Dominic Dragisich selling 2,500 shares at an average price of $136.45, resulting in a decrease in ownership to 68,381 shares.
• Choice Hotels reported an earnings per share (EPS) of $1.92 for the latest quarter, exceeding estimates of $1.90, while revenue showed a 2% decline year-over-year.

Erste Asset Management GmbH reduced its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,000 shares of the company's stock after selling 25,000 shares during the quarter. Erste Asset Management GmbH owned about 0.27% of Choice Hotels International worth $16,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHH. Barclays PLC lifted its stake in shares of Choice Hotels International by 56.9% during the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after buying an additional 6,493 shares during the period. Mariner LLC lifted its stake in shares of Choice Hotels International by 19.4% during the fourth quarter. Mariner LLC now owns 2,697 shares of the company's stock worth $383,000 after buying an additional 439 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Choice Hotels International during the fourth quarter worth $200,000. Guggenheim Capital LLC acquired a new stake in shares of Choice Hotels International during the fourth quarter worth $309,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Choice Hotels International during the fourth quarter worth $1,298,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of Choice Hotels International stock in a transaction 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 approximately $9,111,043.74. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 12,500 shares of company stock valued at $1,647,400 over the last three months. 23.78% of the stock is currently owned by insiders.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock traded up $1.7790 during trading on Friday, hitting $121.6990. 339,201 shares of the company's stock were exchanged, compared to its average volume of 452,907. Choice Hotels International, Inc. has a 52-week low of $116.20 and a 52-week high of $157.86. The business has a 50-day simple moving average of $127.43 and a 200-day simple moving average of $130.85. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.26 and a beta of 0.96.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 earnings per share for the quarter, beating analysts' consensus estimates 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 in the previous 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. On average, equities analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Choice Hotels International in a research note on Monday, June 23rd. They set an "underweight" rating and a $124.00 price objective 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 for the company in a research note on Friday. Morgan Stanley reiterated an "underweight" rating and set a $121.00 price objective on shares of Choice Hotels International in a research note on Tuesday, July 15th. UBS Group reduced their target price on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Truist Financial reduced 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 report on Friday, May 30th. Three 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. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $133.38.

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.