Jump Financial LLC Buys Shares of 27,100 Choice Hotels International, Inc. $CHH

Key Points

• Jump Financial LLC has acquired 27,100 shares of Choice Hotels International, valued at approximately $3,598,000, increasing its ownership to about 0.06% of the company.
• Choice Hotels reported a 2.0% decline in quarterly revenue year-over-year, posting $426.44 million, although it exceeded earnings per share estimates by $0.02.
• Insights from analysts indicate a mixed response to the stock, with several firms lowering their price targets; Barclays now has an "underweight" rating with a target of $117.00.

Jump Financial LLC purchased a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,100 shares of the company's stock, valued at approximately $3,598,000. Jump Financial LLC owned approximately 0.06% of Choice Hotels International at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors boosted its stake in Choice Hotels International by 4.5% in the fourth quarter. Captrust Financial Advisors now owns 2,069 shares of the company's stock worth $294,000 after purchasing an additional 90 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in Choice Hotels International by 2.2% in the first quarter. Alliance Wealth Advisors LLC UT now owns 4,367 shares of the company's stock worth $580,000 after purchasing an additional 92 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in Choice Hotels International by 3.2% in the fourth quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company's stock worth $435,000 after purchasing an additional 95 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Choice Hotels International by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company's stock worth $837,000 after purchasing an additional 100 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake 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 purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.

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 dated Tuesday, July 1st. The stock was 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 directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 12,500 shares of company stock valued at $1,647,400 over the last ninety days. 23.78% of the stock is currently owned by insiders.

Choice Hotels International Price Performance

Shares of CHH stock traded up $0.53 on Friday, reaching $119.62. 293,457 shares of the stock were exchanged, compared to its average volume of 431,415. The stock has a market cap of $5.53 billion, a PE ratio of 18.40, a P/E/G ratio of 2.25 and a beta of 0.96. Choice Hotels International, Inc. has a one year low of $116.20 and a one year high of $157.86. The stock has a 50 day moving average price of $127.04 and a 200 day moving average price of $129.71.

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

Wall Street Analysts Forecast Growth

CHH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Choice Hotels International in a research note on Monday, June 23rd. They issued an "underweight" rating and a $124.00 price objective on the stock. UBS Group reduced their price objective on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Barclays reduced their price objective on Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating on the stock in a research note on Thursday, August 7th. Robert W. Baird reduced their price objective on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. Finally, Susquehanna set a $140.00 price objective on Choice Hotels International and gave the stock a "neutral" rating in a research note on Friday, May 16th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $133.38.

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.