Choice Hotels International, Inc. $CHH Shares Purchased by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Choice Hotels International by 0.6% during Q1, now owning approximately 3,981,731 shares worth $528.7 million, which is 8.58% of the company's stock.
• Several institutional investors, including Jump Financial LLC and AlphaQuest LLC, have recently increased their positions in Choice Hotels International, with a total of 65.57% of the stock being held by institutional investors.
• Choice Hotels reported earnings of $1.92 per share for the last quarter, exceeding analyst expectations, although revenue fell by 2.0% year-over-year to $426.44 million.

Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 0.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,981,731 shares of the company's stock after purchasing an additional 25,487 shares during the period. Choice Hotels International accounts for 1.3% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 23rd biggest holding. Kayne Anderson Rudnick Investment Management LLC owned about 8.58% of Choice Hotels International worth $528,694,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHH. Barclays PLC boosted its stake in Choice Hotels International by 56.9% in the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock valued at $2,541,000 after acquiring an additional 6,493 shares in the last quarter. SG Americas Securities LLC grew its position in Choice Hotels International by 492.4% during the first quarter. SG Americas Securities LLC now owns 5,207 shares of the company's stock valued at $691,000 after buying an additional 4,328 shares during the period. XTX Topco Ltd grew its position in shares of Choice Hotels International by 155.0% in the first quarter. XTX Topco Ltd now owns 13,243 shares of the company's stock valued at $1,758,000 after purchasing an additional 8,049 shares during the period. Bank of New York Mellon Corp raised its stake in Choice Hotels International by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company's stock valued at $31,077,000 after purchasing an additional 7,159 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Choice Hotels International during the first quarter worth about $434,000. 65.57% of the stock is currently owned by institutional investors.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $136.45, for a total value of $341,125.00. Following the sale, the executive vice president directly owned 68,381 shares of the company's stock, valued at approximately $9,330,587.45. This represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders have sold 12,500 shares of company stock valued at $1,647,400. Corporate insiders own 23.78% of the company's stock.

Choice Hotels International Price Performance

Shares of CHH stock traded up $0.52 on Friday, hitting $119.61. The stock had a trading volume of 85,030 shares, compared to its average volume of 422,954. The firm has a market capitalization of $5.53 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.28 and a beta of 0.96. Choice Hotels International, Inc. has a 1 year low of $116.20 and a 1 year high of $157.86. The company's 50 day moving average price is $127.11 and its 200-day moving average price is $129.92.

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

Analyst Upgrades and Downgrades

CHH has been the topic of several recent research reports. Truist Financial lowered their target price on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Morgan Stanley restated an "underweight" rating and set a $121.00 target price on shares of Choice Hotels International in a report on Tuesday, July 15th. UBS Group lowered their target price on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. JPMorgan Chase & Co. initiated coverage on Choice Hotels International in a report on Monday, June 23rd. They set an "underweight" rating and a $124.00 target price on the stock. Finally, Susquehanna set a $140.00 target price on Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company 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.