Choice Hotels International (NYSE:CHH) Raised to Neutral at Redburn Atlantic

Choice Hotels International (NYSE:CHH) was upgraded by research analysts at Redburn Atlantic from a “sell” rating to a “neutral” rating in a report issued on Monday, MarketBeat.com reports. The firm presently has a $132.00 target price on the stock. Redburn Atlantic’s price objective indicates a potential downside of 0.47% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. StockNews.com cut Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Wells Fargo & Company reduced their price objective on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating for the company in a research report on Tuesday, March 4th. Jefferies Financial Group boosted their target price on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Bank of America increased their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Susquehanna boosted their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $140.62.

Choice Hotels International Stock Up 0.9 %

Shares of CHH stock opened at $132.62 on Monday. Choice Hotels International has a 12 month low of $109.22 and a 12 month high of $157.86. The company has a market cap of $6.20 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. The business’s 50 day moving average is $143.54 and its two-hundred day moving average is $140.70.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. As a group, equities analysts expect that Choice Hotels International will post 7.07 EPS for the current fiscal year.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 24.02% of the company’s stock.

Institutional Investors Weigh In On Choice Hotels International

A number of hedge funds have recently made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new position in Choice Hotels International in the fourth quarter valued at about $1,109,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Choice Hotels International by 10.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,625 shares of the company’s stock valued at $14,145,000 after acquiring an additional 9,474 shares during the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Choice Hotels International by 36.0% in the 4th quarter. Voloridge Investment Management LLC now owns 60,740 shares of the company’s stock worth $8,624,000 after acquiring an additional 16,067 shares in the last quarter. Sophron Capital Management L.P. bought a new stake in Choice Hotels International during the 4th quarter worth approximately $7,736,000. Finally, Redwood Investment Management LLC acquired a new stake in Choice Hotels International during the 4th quarter valued at $5,123,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.