Mitsubishi UFJ Asset Management UK Ltd. Buys Shares of 3,000 Choice Hotels International, Inc. $CHH

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. has invested approximately $398,000 in Choice Hotels International, acquiring 3,000 shares in the company during the first quarter.
• Several institutional investors, including Bank of Montreal and Invesco Ltd., have increased their holdings in Choice Hotels, indicating growing institutional interest in the stock.
• Choice Hotels recently announced its quarterly earnings, reporting an EPS of $1.92, which exceeded expectations, but also a 2.0% decline in revenue compared to the previous year.

Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,000 shares of the company's stock, valued at approximately $398,000.

A number of other hedge funds have also made changes to their positions in CHH. UMB Bank n.a. increased its stake in Choice Hotels International by 66.2% during the 1st quarter. UMB Bank n.a. now owns 256 shares of the company's stock worth $34,000 after buying an additional 102 shares during the period. HM Payson & Co. purchased a new stake in Choice Hotels International during the 1st quarter worth $35,000. Signaturefd LLC increased its stake in Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 108 shares during the period. Quarry LP increased its stake in Choice Hotels International by 25.6% during the 4th quarter. Quarry LP now owns 604 shares of the company's stock worth $86,000 after buying an additional 123 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its stake in Choice Hotels International by 1,694.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 664 shares of the company's stock worth $88,000 after buying an additional 627 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

Choice Hotels International Price Performance

Shares of NYSE:CHH traded down $0.00 during trading on Monday, reaching $121.98. 547,564 shares of the company's stock traded hands, compared to its average volume of 426,552. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86. The company has a 50 day moving average of $128.14 and a 200-day moving average of $131.57. The stock has a market capitalization of $5.64 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 2.30 and a beta of 0.96.

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 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 business had revenue of $426.44 million during the quarter, compared to the consensus estimate of $430.13 million. During the same quarter in the prior year, the firm earned $1.84 EPS. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. Equities research analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. 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 research note on Thursday, July 10th. Morgan Stanley reiterated an "underweight" rating and set a $121.00 target price on shares of Choice Hotels International in a research note on Tuesday, July 15th. JPMorgan Chase & Co. began coverage on Choice Hotels International in a research note on Monday, June 23rd. They set an "underweight" rating and a $124.00 target price for the company. Finally, Truist Financial dropped 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 research report on Friday, May 30th. Four equities research 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 data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $134.08.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 2,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $136.45, for a total transaction of $341,125.00. Following the completion of the transaction, the executive vice president directly owned 68,381 shares of the company's stock, valued at $9,330,587.45. The trade was a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 12,500 shares of company stock worth $1,647,400. 24.02% of the stock is owned by corporate insiders.

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.