LPL Financial LLC Has $4.01 Million Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Key Points

• LPL Financial LLC increased its stake in Choice Hotels International by 9.3% in the first quarter, owning 30,205 shares valued at approximately $4.01 million.
• Choice Hotels reported a quarterly earnings per share of $1.92, surpassing analysts' expectations, but experienced a 2% decline in revenue year-over-year.
• Analysts have set an average price target of $134.08 for Choice Hotels stock, with mixed ratings that include four "sell" and three "buy" recommendations.

LPL Financial LLC increased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 9.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,205 shares of the company's stock after buying an additional 2,567 shares during the quarter. LPL Financial LLC owned 0.06% of Choice Hotels International worth $4,011,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Choice Hotels International by 12.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,844 shares of the company's stock worth $1,042,000 after buying an additional 843 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in Choice Hotels International by 133.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,026 shares of the company's stock worth $136,000 after buying an additional 586 shares during the period. Venturi Wealth Management LLC raised its stake in Choice Hotels International by 30.2% during the 1st quarter. Venturi Wealth Management LLC now owns 3,124 shares of the company's stock worth $415,000 after buying an additional 724 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Choice Hotels International during the 1st quarter worth $1,817,000. Finally, Savoir Faire Capital Management L.P. acquired a new stake in Choice Hotels International during the 1st quarter worth $795,000. Institutional investors and hedge funds own 65.57% of the company's stock.

Choice Hotels International Stock Performance

CHH opened at $122.95 on Friday. Choice Hotels International, Inc. has a 52-week low of $116.20 and a 52-week high of $157.86. The firm has a market capitalization of $5.69 billion, a PE ratio of 18.92, a PEG ratio of 2.61 and a beta of 0.96. The business's 50-day simple moving average is $128.26 and its 200 day simple moving average is $131.98.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data 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. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%. The company had revenue of $426.44 million for the quarter, compared to analysts' expectations of $430.13 million. During the same quarter in the prior year, the business posted $1.84 EPS. The business's revenue was down 2.0% compared to the same quarter last year. On average, research analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Insider Buying and Selling at Choice Hotels International

In other news, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.56, for a total value of $259,120.00. Following the completion of the transaction, the director owned 52,212 shares of the company's stock, valued at $6,764,586.72. This trade represents a 3.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dominic Dragisich sold 2,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total transaction of $341,125.00. Following the transaction, the executive vice president owned 68,381 shares in the company, valued at $9,330,587.45. This represents a 3.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,500 shares of company stock worth $1,906,520 over the last ninety days. Insiders own 23.78% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on CHH shares. Barclays dropped 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. Truist Financial cut their price objective on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research report on Friday, May 30th. Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the company a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird cut their price objective on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $121.00 price objective on shares of Choice Hotels International in a report on Tuesday, July 15th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $134.08.

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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