Oppenheimer Asset Management Inc. boosted its stake in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,522 shares of the company’s stock after purchasing an additional 112 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Choice Hotels International were worth $882,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Choice Hotels International by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,221,517 shares of the company’s stock worth $456,682,000 after buying an additional 9,932 shares during the period. Morgan Stanley increased its position in shares of Choice Hotels International by 973.9% in the fourth quarter. Morgan Stanley now owns 2,942,590 shares of the company’s stock valued at $331,453,000 after acquiring an additional 2,668,582 shares during the period. BlackRock Inc. raised its stake in shares of Choice Hotels International by 1.7% during the first quarter. BlackRock Inc. now owns 2,860,476 shares of the company’s stock valued at $405,500,000 after acquiring an additional 46,819 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Choice Hotels International by 51.6% during the first quarter. Invesco Ltd. now owns 1,740,428 shares of the company’s stock worth $246,722,000 after purchasing an additional 592,654 shares during the period. Finally, State Street Corp increased its holdings in Choice Hotels International by 5.8% during the 1st quarter. State Street Corp now owns 894,468 shares of the company’s stock valued at $127,007,000 after purchasing an additional 49,022 shares during the period. Institutional investors own 60.62% of the company’s stock.
Analyst Ratings Changes
CHH has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on Choice Hotels International from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, August 9th. Morgan Stanley boosted their price objective on shares of Choice Hotels International from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday. Barclays dropped their target price on shares of Choice Hotels International from $122.00 to $121.00 and set an “underweight” rating for the company in a research report on Wednesday, August 9th. Robert W. Baird boosted their price target on shares of Choice Hotels International from $135.00 to $142.00 in a research report on Wednesday, August 9th. Finally, Wells Fargo & Company lowered their target price on Choice Hotels International from $122.00 to $113.00 and set an “underweight” rating for the company in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $128.00.
Choice Hotels International Stock Down 0.3 %
CHH stock opened at $125.57 on Friday. The business has a 50 day moving average of $123.58 and a 200 day moving average of $121.44. The firm has a market cap of $6.33 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.59 and a beta of 1.27. Choice Hotels International, Inc. has a twelve month low of $104.15 and a twelve month high of $136.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 25.31.
Choice Hotels International (NYSE:CHH – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.05. The firm had revenue of $427.40 million during the quarter, compared to the consensus estimate of $422.69 million. Choice Hotels International had a return on equity of 223.30% and a net margin of 19.27%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share. On average, research analysts forecast that Choice Hotels International, Inc. will post 5.98 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CFO Dominic Dragisich sold 15,877 shares of the stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $124.55, for a total transaction of $1,977,480.35. Following the sale, the chief financial officer now owns 83,739 shares in the company, valued at $10,429,692.45. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.07% of the company’s stock.
Choice Hotels International Profile
Choice Hotels International, Inc together with its subsidiaries, operates as a hotel franchisor. The company operates through Hotel Franchising & Management and Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, Ascend Hotel Collection, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites, Radisson Inn & Suites , Park Inn by Radisson, Radisson Individuals, and Radisson Collection.
Featured Stories
- Five stocks we like better than Choice Hotels International
- The How and Why of Investing in Gold Stocks
- 2 Stocks to Get You Ready for the Holiday Season
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
- What Are Defense Contractor Stocks? How to Invest in Defense
- MarketBeat Week in Review – 8/21 – 8/25
Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.
