Marshall Wace North America L.P. boosted its position in Choice Hotels International, Inc. (NYSE:CHH) by 35.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 101,987 shares of the company’s stock after buying an additional 26,436 shares during the period. Marshall Wace North America L.P. owned approximately 0.18% of Choice Hotels International worth $6,527,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Nomura Holdings Inc. purchased a new stake in Choice Hotels International during the first quarter worth $446,000. Vanguard Group Inc. raised its stake in Choice Hotels International by 4.3% in the first quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock worth $163,158,000 after buying an additional 108,427 shares in the last quarter. Alliancebernstein L.P. raised its stake in Choice Hotels International by 24.0% in the first quarter. Alliancebernstein L.P. now owns 19,663 shares of the company’s stock worth $1,231,000 after buying an additional 3,800 shares in the last quarter. Swiss National Bank raised its stake in Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock worth $3,760,000 after buying an additional 600 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Choice Hotels International by 14.6% in the first quarter. Pacer Advisors Inc. now owns 6,329 shares of the company’s stock worth $396,000 after buying an additional 806 shares in the last quarter. Institutional investors own 50.27% of the company’s stock.

Shares of Choice Hotels International, Inc. (NYSE:CHH) opened at 60.65 on Tuesday. The firm has a 50-day moving average of $62.71 and a 200 day moving average of $62.97. Choice Hotels International, Inc. has a one year low of $43.70 and a one year high of $67.80. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 22.40 and a beta of 1.11.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating the 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 revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, equities research analysts predict that Choice Hotels International, Inc. will post $2.85 EPS for the current year.

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A number of analysts have recently weighed in on CHH shares. BidaskClub upgraded shares of Choice Hotels International from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Telsey Advisory Group raised their price objective on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. Morgan Stanley lowered shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective for the company. in a report on Friday, May 5th. They noted that the move was a valuation call. Finally, Deutsche Bank AG lowered their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.57.

In other Choice Hotels International news, CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction on 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen P. Joyce sold 44,116 shares of the business’s stock in a transaction on 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 transaction, 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. Insiders sold a total of 62,211 shares of company stock worth $3,912,294 over the last three months. 22.01% of the stock is currently owned by corporate insiders.

About Choice Hotels International

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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