Liontrust Investment Partners LLP Takes $662,000 Position in Choice Hotels International, Inc. (NYSE:CHH)

Liontrust Investment Partners LLP acquired a new stake in Choice Hotels International, Inc. (NYSE:CHH) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,993 shares of the company’s stock, valued at approximately $662,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Choice Hotels International by 2.5% during the 4th quarter. Bank of Montreal Can now owns 6,221 shares of the company’s stock worth $883,000 after purchasing an additional 149 shares during the period. Invesco Ltd. boosted its position in shares of Choice Hotels International by 85.5% in the 4th quarter. Invesco Ltd. now owns 134,188 shares of the company’s stock valued at $19,052,000 after purchasing an additional 61,849 shares during the period. Barclays PLC raised its stake in Choice Hotels International by 56.9% during the 4th quarter. Barclays PLC now owns 17,902 shares of the company’s stock valued at $2,541,000 after acquiring an additional 6,493 shares during the last quarter. Mariner LLC raised its stake in Choice Hotels International by 19.4% during the 4th quarter. Mariner LLC now owns 2,697 shares of the company’s stock valued at $383,000 after acquiring an additional 439 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in Choice Hotels International during the 4th quarter valued at approximately $200,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

NYSE:CHH opened at $122.17 on Friday. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86. The firm has a market capitalization of $5.65 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.58 and a beta of 0.96. The business’s 50-day moving average is $128.14 and its two-hundred day moving average is $131.79.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.02. The business 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%. The company’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 company earned $1.84 earnings per share. Equities analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.56, for a total value of $259,120.00. Following the completion of the transaction, the director directly owned 52,212 shares in the company, valued at $6,764,586.72. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dominic Dragisich sold 5,000 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total value of $642,700.00. Following the completion of the transaction, the executive vice president owned 70,881 shares of the company’s stock, valued at approximately $9,111,043.74. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,500 shares of company stock valued at $1,906,520 over the last quarter. Insiders own 23.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. 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. Truist Financial dropped their price objective on Choice Hotels International from $144.00 to $128.00 and set a “hold” rating for the company in a research note on Friday, May 30th. Susquehanna set a $140.00 target price on Choice Hotels International and gave the company a “neutral” rating in a report on Friday, May 16th. Robert W. Baird lowered their target price on Choice Hotels International from $150.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, May 19th. Finally, Barclays decreased their price objective on Choice Hotels International from $121.00 to $117.00 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $134.08.

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.