70,422 Shares in Choice Hotels International, Inc. $CHH Purchased by Nuveen LLC

Key Points

• Nuveen LLC has invested approximately $9.35 million in Choice Hotels International, acquiring 70,422 shares as part of its new position in the company.
• Choice Hotels recently reported earnings of $1.92 per share, exceeding analysts' estimates of $1.90 but showing a 2% decline in revenue year-over-year.
• Several institutions, including Barclays and SG Americas Securities, have increased their stakes in Choice Hotels, highlighting a trend of growing interest from institutional investors within the sector.

Nuveen LLC purchased a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,422 shares of the company's stock, valued at approximately $9,351,000. Nuveen LLC owned approximately 0.15% of Choice Hotels International as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CHH. UMB Bank n.a. increased its holdings in Choice Hotels International by 66.2% during the 1st quarter. UMB Bank n.a. now owns 256 shares of the company's stock valued at $34,000 after purchasing an additional 102 shares during the period. HM Payson & Co. purchased a new position in Choice Hotels International in the 1st quarter worth approximately $35,000. Signaturefd LLC raised its stake in Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company's stock valued at $37,000 after buying an additional 108 shares during the last quarter. Quarry LP raised its stake in Choice Hotels International by 25.6% during the 4th quarter. Quarry LP now owns 604 shares of the company's stock valued at $86,000 after buying an additional 123 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Choice Hotels International by 133.2% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,026 shares of the company's stock worth $136,000 after purchasing an additional 586 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.

Insider Activity

In related news, EVP Dominic Dragisich sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total value of $642,700.00. Following the sale, the executive vice president owned 70,881 shares of the company's stock, valued at $9,111,043.74. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 12,500 shares of company stock valued at $1,647,400. Company insiders own 23.78% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHH. Robert W. Baird cut their price target on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a research note on Friday, August 22nd. UBS Group decreased their price target on shares of 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. Susquehanna set a $140.00 price target on Choice Hotels International and gave the stock a "neutral" rating in a research report on Friday, May 16th. Truist Financial dropped 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 report on Friday, May 30th. Finally, Morgan Stanley reissued an "underweight" rating and set a $121.00 target price on shares of Choice Hotels International in a research note on Tuesday, July 15th. Three research 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. According to MarketBeat, the company has an average rating of "Reduce" and an average price target of $133.38.

Choice Hotels International Trading Up 0.4%

Shares of NYSE:CHH traded up $0.53 during midday trading on Friday, hitting $119.62. The stock had a trading volume of 293,457 shares, compared to its average volume of 431,415. The company has a market capitalization 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 1 year low of $116.20 and a 1 year high of $157.86. The stock has a 50 day moving average price of $127.04 and a two-hundred day moving average price of $129.71.

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

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.