Wellington Management Group LLP Sells 39,549 Shares of Choice Hotels International, Inc. $CHH

Key Points

• Wellington Management Group LLP has reduced its holdings in Choice Hotels International by 8.2%, selling 39,549 shares, and now owns approximately 0.95% of the company, valued at $59.1 million.
• Notable increases in holdings were seen from several institutional investors, including Barclays PLC, which raised its stake by 56.9%, and SG Americas Securities LLC, which increased its holdings by 492.4%.
• Choice Hotels recently reported earnings of $1.92 per share, beating estimates, although revenue was slightly down 2.0% year-over-year, highlighting mixed performance trends.

Wellington Management Group LLP trimmed its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 8.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 444,952 shares of the company's stock after selling 39,549 shares during the quarter. Wellington Management Group LLP owned about 0.95% of Choice Hotels International worth $59,081,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in Choice Hotels International by 56.9% in the 4th quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after buying an additional 6,493 shares in the last quarter. SG Americas Securities LLC increased its holdings in Choice Hotels International by 492.4% in the 1st quarter. SG Americas Securities LLC now owns 5,207 shares of the company's stock worth $691,000 after buying an additional 4,328 shares in the last quarter. XTX Topco Ltd increased its holdings in Choice Hotels International by 155.0% in the 1st quarter. XTX Topco Ltd now owns 13,243 shares of the company's stock worth $1,758,000 after buying an additional 8,049 shares in the last quarter. Bank of New York Mellon Corp increased its holdings 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 worth $31,077,000 after buying an additional 7,159 shares in the last quarter. Finally, MQS Management LLC bought a new stake in Choice Hotels International in the 1st quarter worth about $434,000. 65.57% of the stock is currently owned by institutional investors.

Insider Transactions at Choice Hotels International

In related news, EVP Dominic Dragisich sold 2,500 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 68,381 shares of the company's stock, valued at approximately $9,330,587.45. This trade represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 12,500 shares of company stock worth $1,647,400. 23.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on CHH. Susquehanna set a $140.00 price objective on Choice Hotels International and gave the stock a "neutral" rating in a report on Friday, May 16th. Robert W. Baird reduced their price objective on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating for the company in a report on Friday. JPMorgan Chase & Co. initiated coverage on Choice Hotels International in a research report on Monday, June 23rd. They issued an "underweight" rating and a $124.00 target price on the stock. Morgan Stanley reissued an "underweight" rating and issued a $121.00 target price on shares of Choice Hotels International in a research report on Tuesday, July 15th. Finally, Barclays dropped their target price on Choice Hotels International from $121.00 to $117.00 and set an "underweight" rating on the stock in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $133.38.

Choice Hotels International Stock Up 1.5%

CHH stock opened at $121.6990 on Friday. Choice Hotels International, Inc. has a twelve month low of $116.20 and a twelve month high of $157.86. The stock has a market cap of $5.63 billion, a P/E ratio of 18.72, a PEG ratio of 2.26 and a beta of 0.96. The business's 50-day moving average price is $127.43 and its 200-day moving average price is $130.85.

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

Choice Hotels International 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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