GSA Capital Partners LLP Invests $1.38 Million in Choice Hotels International Inc (CHH)

GSA Capital Partners LLP bought a new stake in Choice Hotels International Inc (NYSE:CHH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,574 shares of the company’s stock, valued at approximately $1,381,000.

Several other institutional investors have also recently bought and sold shares of CHH. Atlanta Capital Management Co. L L C lifted its holdings in shares of Choice Hotels International by 124.6% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 1,819,385 shares of the company’s stock valued at $151,555,000 after purchasing an additional 1,009,194 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Choice Hotels International by 204.6% in the 2nd quarter. Brown Advisory Inc. now owns 632,068 shares of the company’s stock valued at $47,783,000 after purchasing an additional 424,539 shares during the last quarter. FMR LLC purchased a new stake in shares of Choice Hotels International in the 3rd quarter valued at about $16,356,000. BlackRock Inc. lifted its holdings in shares of Choice Hotels International by 13.1% in the 2nd quarter. BlackRock Inc. now owns 1,587,731 shares of the company’s stock valued at $120,032,000 after purchasing an additional 183,553 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Choice Hotels International by 16.8% in the 3rd quarter. Victory Capital Management Inc. now owns 1,065,468 shares of the company’s stock valued at $88,754,000 after purchasing an additional 153,573 shares during the last quarter. 56.29% of the stock is owned by institutional investors and hedge funds.

Shares of CHH stock opened at $74.87 on Friday. The stock has a market capitalization of $4.26 billion, a P/E ratio of 20.86, a P/E/G ratio of 2.32 and a beta of 1.08. Choice Hotels International Inc has a 52-week low of $69.06 and a 52-week high of $85.35.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, November 8th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.08. The firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $321.69 million. Choice Hotels International had a negative return on equity of 98.61% and a net margin of 17.26%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 EPS. Equities analysts expect that Choice Hotels International Inc will post 3.85 earnings per share for the current fiscal year.

In other Choice Hotels International news, CEO Patrick Pacious sold 9,613 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $82.02, for a total transaction of $788,458.26. Following the transaction, the chief executive officer now owns 132,599 shares in the company, valued at approximately $10,875,769.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Patrick Cimerola sold 5,180 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $83.05, for a total value of $430,199.00. Following the transaction, the insider now owns 26,009 shares in the company, valued at approximately $2,160,047.45. The disclosure for this sale can be found here. Insiders have sold a total of 55,323 shares of company stock worth $4,553,317 in the last quarter. 22.01% of the stock is currently owned by insiders.

Several research firms have recently weighed in on CHH. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Tuesday. Wells Fargo & Co dropped their price target on Choice Hotels International from $86.00 to $82.00 and set a “market perform” rating on the stock in a research report on Thursday, November 15th. SunTrust Banks dropped their price target on Choice Hotels International to $80.00 and set a “hold” rating on the stock in a research report on Thursday, November 15th. Jefferies Financial Group set a $83.00 price target on Choice Hotels International and gave the company a “hold” rating in a research report on Friday, November 9th. Finally, JPMorgan Chase & Co. dropped their price target on Choice Hotels International to $71.00 and set an “underweight” rating on the stock in a research report on Friday, November 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $82.33.

WARNING: “GSA Capital Partners LLP Invests $1.38 Million in Choice Hotels International Inc (CHH)” was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/12/08/gsa-capital-partners-llp-invests-1-38-million-in-choice-hotels-international-inc-chh.html.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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.

Read More: Earnings Per Share

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

Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply