Chevy Chase Trust Holdings Inc. continued to hold its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,900 shares of the company’s stock at the end of the second quarter. Chevy Chase Trust Holdings Inc.’s holdings in Choice Hotels International were worth $636,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV purchased a new stake in shares of Choice Hotels International during the first quarter valued at about $120,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of Choice Hotels International during the first quarter valued at about $130,000. Russell Investments Group Ltd. purchased a new stake in shares of Choice Hotels International during the fourth quarter valued at about $130,000. United Capital Financial Advisers LLC purchased a new stake in shares of Choice Hotels International during the first quarter valued at about $212,000. Finally, Parametrica Management Ltd bought a new position in Choice Hotels International during the first quarter valued at $222,000. Institutional investors and hedge funds own 50.23% of the company’s stock.

Shares of Choice Hotels International, Inc. (NYSE CHH) traded down 0.33% during midday trading on Friday, hitting $60.40. The stock had a trading volume of 74,549 shares. The company’s 50 day moving average price is $63.15 and its 200-day moving average price is $62.78. Choice Hotels International, Inc. has a 1-year low of $43.70 and a 1-year high of $67.80. The firm has a market capitalization of $3.39 billion, a PE ratio of 22.31 and a beta of 1.11.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. The company had revenue of $276.80 million for the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. Choice Hotels International’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. Equities analysts predict that Choice Hotels International, Inc. will post $2.85 earnings per share for the current year.

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Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Wednesday, July 5th. Barclays PLC restated an “underweight” rating and set a $60.00 target price (down from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Deutsche Bank AG cut their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. BidaskClub upgraded Choice Hotels International from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Morgan Stanley lowered Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Friday, May 5th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $62.57.

In other news, CEO Stephen P. Joyce sold 17,024 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total value of $1,072,852.48. Following the sale, the chief executive officer now directly owns 176,943 shares of the company’s stock, valued at approximately $11,150,947.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the completion of the sale, the chief executive officer now directly owns 201,922 shares in the company, valued at $12,696,855.36. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by corporate insiders.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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