Quantbot Technologies LP Purchases 52,049 Shares of Choice Hotels International, Inc. $CHH

Key Points

• Quantbot Technologies LP significantly raised its position in Choice Hotels International, Inc. by 126.7%, acquiring an additional 52,049 shares, bringing its total to 93,127 shares valued at $12.37 million.
• In the first quarter, hedge funds collectively increased their stake in Choice Hotels International, with SG Americas Securities LLC showing a notable 492.4% increase in shares.
• Choice Hotels reported a quarterly EPS of $1.92, surpassing analyst expectations, although its revenue of $426.44 million fell short of forecasts, leading to a 2.0% year-over-year decline.

Quantbot Technologies LP lifted its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 126.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,127 shares of the company's stock after purchasing an additional 52,049 shares during the period. Quantbot Technologies LP owned 0.20% of Choice Hotels International worth $12,365,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alliance Wealth Advisors LLC UT increased its holdings in shares of 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 valued at $580,000 after purchasing an additional 92 shares in the last quarter. Ethic Inc. acquired a new stake in shares of Choice Hotels International in the first quarter valued at approximately $659,000. Liontrust Investment Partners LLP acquired a new stake in shares of Choice Hotels International in the first quarter valued at approximately $662,000. Vestmark Advisory Solutions Inc. increased its holdings in shares of Choice Hotels International by 104.9% in the first quarter. Vestmark Advisory Solutions Inc. now owns 61,570 shares of the company's stock valued at $8,175,000 after purchasing an additional 31,527 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in shares of Choice Hotels International in the first quarter valued at approximately $398,000. Institutional investors and hedge funds own 65.57% of the company's stock.

Insider Activity

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the transaction, the executive vice president owned 70,881 shares in the company, valued at $9,111,043.74. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 12,500 shares of company stock worth $1,647,400. Corporate insiders own 23.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHH. Robert W. Baird lowered their target price on shares of Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a report on Friday. Morgan Stanley reaffirmed an "underweight" rating and set a $121.00 target price on shares of Choice Hotels International in a report on Tuesday, July 15th. Susquehanna set a $140.00 target price on shares of Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays decreased their price target on shares of Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating for the company in a report on Thursday, August 7th. Finally, Truist Financial decreased their price target on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a report on Friday, May 30th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Choice Hotels International has a consensus rating of "Reduce" and an average target price of $133.38.

Choice Hotels International Trading Up 1.5%

Shares of Choice Hotels International stock traded up $1.7790 during trading on Friday, hitting $121.6990. 339,201 shares of the stock were exchanged, compared to its average volume of 452,907. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a fifty day moving average price of $127.43 and a 200-day moving average price of $130.85. Choice Hotels International, Inc. has a 1-year low of $116.20 and a 1-year high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate 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%. Choice Hotels International's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 EPS. Equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

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.