Wellington Management Group LLP Reduces Stake in 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 lessened its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 444,952 shares of the company's stock after selling 39,549 shares during the period. Wellington Management Group LLP owned approximately 0.95% of Choice Hotels International worth $59,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Captrust Financial Advisors lifted its stake in shares of Choice Hotels International by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 2,069 shares of the company's stock valued at $294,000 after purchasing an additional 90 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its stake in shares of Choice Hotels International by 2.2% in the 1st 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 during the last quarter. Occudo Quantitative Strategies LP lifted its stake in shares of Choice Hotels International by 3.2% in the 4th quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company's stock valued at $435,000 after purchasing an additional 95 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Choice Hotels International by 1.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company's stock valued at $837,000 after purchasing an additional 100 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Choice Hotels International by 66.2% in 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 last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 2,500 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total value of $341,125.00. Following the sale, the executive vice president owned 68,381 shares of the company's stock, valued at $9,330,587.45. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 12,500 shares of company stock valued at $1,647,400. 23.78% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays decreased their target price 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. Robert W. Baird decreased their target price on Choice Hotels International from $144.00 to $136.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. 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. Susquehanna set a $140.00 target price on Choice Hotels International and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, UBS Group decreased their target price on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Three 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 company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $133.38.

Choice Hotels International Stock Performance

CHH stock traded down $1.20 during mid-day trading on Thursday, reaching $119.39. The company had a trading volume of 49,594 shares, compared to its average volume of 423,720. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.25 and a beta of 0.96. The firm has a fifty day simple moving average of $127.19 and a 200 day simple moving average of $130.15. Choice Hotels International, Inc. has a fifty-two week low of $116.20 and a fifty-two week high of $157.86.

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