Choice Hotels International, Inc. (CHH) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. raised its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 879,613 shares of the company’s stock after purchasing an additional 60,156 shares during the period. Macquarie Group Ltd. owned about 1.56% of Choice Hotels International worth $56,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Choice Hotels International by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after acquiring an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Choice Hotels International by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after acquiring an additional 106 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Choice Hotels International in the 2nd quarter worth $108,000. Huntington National Bank raised its position in shares of Choice Hotels International by 4.7% in the 2nd quarter. Huntington National Bank now owns 2,709 shares of the company’s stock worth $174,000 after acquiring an additional 121 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Choice Hotels International in the 3rd quarter worth $192,000. 50.45% of the stock is owned by institutional investors and hedge funds.

CHH has been the subject of several recent research reports. Barclays PLC reissued an “underweight” rating and issued a $60.00 price target (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Deutsche Bank AG dropped their target price on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. SunTrust Banks, Inc. restated a “hold” rating and set a $71.00 target price on shares of Choice Hotels International in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $65.00.

In other news, insider David A. Pepper sold 10,217 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $61.07, for a total value of $623,952.19. Following the sale, the insider now owns 79,010 shares in the company, valued at $4,825,140.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Pepper sold 1,071 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $61.09, for a total value of $65,427.39. Following the completion of the sale, the insider now owns 69,864 shares in the company, valued at approximately $4,267,991.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 290,320 shares of company stock worth $21,002,787. Company insiders own 22.01% of the company’s stock.

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Choice Hotels International, Inc. (NYSE:CHH) traded up $0.30 during trading on Monday, reaching $75.90. The company’s stock had a trading volume of 194,000 shares, compared to its average volume of 201,083. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99. The stock has a market cap of $4,295.47, a P/E ratio of 27.01, a PEG ratio of 3.12 and a beta of 1.13. Choice Hotels International, Inc. has a twelve month low of $49.95 and a twelve month high of $76.41.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The business had revenue of $295.09 million for the quarter, compared to the consensus estimate of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. analysts expect that Choice Hotels International, Inc. will post 2.89 EPS for the current fiscal year.

Choice Hotels International 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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