LPL Financial LLC Acquires 2,567 Shares of Choice Hotels International, Inc. (NYSE:CHH)

LPL Financial LLC boosted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 9.3% during the first quarter, Holdings Channel reports. The fund owned 30,205 shares of the company’s stock after purchasing an additional 2,567 shares during the period. LPL Financial LLC’s holdings in Choice Hotels International were worth $4,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Balyasny Asset Management L.P. lifted its position in Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company’s stock worth $41,577,000 after acquiring an additional 120,376 shares during the last quarter. Northern Trust Corp increased its stake in shares of Choice Hotels International by 10.3% during the fourth quarter. Northern Trust Corp now owns 267,256 shares of the company’s stock worth $37,945,000 after purchasing an additional 24,957 shares during the period. Bank of New York Mellon Corp lifted its holdings in Choice Hotels International by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company’s stock worth $31,077,000 after purchasing an additional 7,159 shares during the last quarter. Fenimore Asset Management Inc lifted its holdings in Choice Hotels International by 0.9% during the 1st quarter. Fenimore Asset Management Inc now owns 178,175 shares of the company’s stock worth $23,658,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in 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. Institutional investors own 65.57% of the company’s stock.

Insider Activity

In other news, EVP Dominic Dragisich sold 2,500 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 68,381 shares in the company, valued at approximately $9,330,587.45. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.56, for a total transaction of $259,120.00. Following the sale, the director directly owned 52,212 shares in the company, valued at $6,764,586.72. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,500 shares of company stock worth $1,906,520 over the last ninety days. 23.78% of the stock is currently owned by insiders.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $122.95 on Friday. Choice Hotels International, Inc. has a 1 year low of $116.20 and a 1 year high of $157.86. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 2.61 and a beta of 0.96. The company’s 50 day simple moving average is $128.26 and its 200 day simple moving average is $131.98.

Choice Hotels International (NYSE:CHH) last issued its earnings results 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. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%. The firm had revenue of $426.44 million for the quarter, compared to the consensus estimate of $430.13 million. During the same quarter last year, the business posted $1.84 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Susquehanna set a $140.00 price objective on Choice Hotels International and gave the stock a “neutral” rating in a research report on Friday, May 16th. UBS Group decreased their price target on shares of 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. JPMorgan Chase & Co. initiated coverage on shares of Choice Hotels International in a research note on Monday, June 23rd. They issued an “underweight” rating and a $124.00 price objective for the company. Robert W. Baird decreased their target price on shares of Choice Hotels International from $150.00 to $145.00 and set an “outperform” rating on the stock in a research report on Monday, May 19th. Finally, Truist Financial lowered their target price on shares of Choice Hotels International from $144.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, May 30th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $134.08.

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.