Choice Hotels International Inc (NYSE:CHH) Shares Bought by Panagora Asset Management Inc.

Panagora Asset Management Inc. grew its holdings in shares of Choice Hotels International Inc (NYSE:CHH) by 1,551.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,214 shares of the company’s stock after purchasing an additional 12,414 shares during the period. Panagora Asset Management Inc.’s holdings in Choice Hotels International were worth $1,150,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in shares of Choice Hotels International by 266.4% during the second quarter. Russell Investments Group Ltd. now owns 45,033 shares of the company’s stock worth $3,916,000 after purchasing an additional 32,741 shares during the period. Schroder Investment Management Group raised its holdings in shares of Choice Hotels International by 27.8% during the second quarter. Schroder Investment Management Group now owns 437,234 shares of the company’s stock worth $38,044,000 after purchasing an additional 95,101 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Choice Hotels International during the second quarter worth $3,395,000. Janus Henderson Group PLC raised its holdings in shares of Choice Hotels International by 168.1% during the second quarter. Janus Henderson Group PLC now owns 7,073 shares of the company’s stock worth $615,000 after purchasing an additional 4,435 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Choice Hotels International by 93.0% during the second quarter. JPMorgan Chase & Co. now owns 21,958 shares of the company’s stock worth $1,891,000 after purchasing an additional 10,578 shares during the period. 60.32% of the stock is currently owned by institutional investors.

CHH has been the topic of a number of research reports. Barclays increased their target price on shares of Choice Hotels International from $81.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on shares of Choice Hotels International from $73.00 to $81.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Thursday, September 5th. Bank of America cut shares of Choice Hotels International from a “buy” rating to a “neutral” rating and set a $86.07 price objective on the stock. in a report on Wednesday, June 12th. They noted that the move was a valuation call. Finally, Wells Fargo & Co increased their price objective on shares of Choice Hotels International from $89.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $86.31.

Shares of CHH stock traded down $0.36 during trading hours on Thursday, reaching $93.90. The stock had a trading volume of 109,956 shares, compared to its average volume of 309,095. Choice Hotels International Inc has a twelve month low of $66.71 and a twelve month high of $94.58. The firm has a 50-day simple moving average of $89.00 and a 200-day simple moving average of $84.55. The firm has a market capitalization of $5.16 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.24 and a beta of 0.95.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. Choice Hotels International had a net margin of 20.13% and a negative return on equity of 141.56%. The business had revenue of $317.68 million for the quarter, compared to analysts’ expectations of $304.70 million. During the same quarter last year, the company earned $1.11 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts predict that Choice Hotels International Inc will post 4.24 EPS for the current year.

In related news, insider Robert J. Mcdowell sold 11,585 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $88.37, for a total value of $1,023,766.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 24.90% of the company’s stock.

Choice Hotels International Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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

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