SummitTX Capital L.P. Boosts Holdings in Choice Hotels International, Inc. $CHH

SummitTX Capital L.P. raised its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 247.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 125,122 shares of the company’s stock after acquiring an additional 89,096 shares during the period. SummitTX Capital L.P.’s holdings in Choice Hotels International were worth $12,950,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ABS Direct Equity Fund LLC acquired a new position in shares of Choice Hotels International in the 1st quarter valued at about $2,605,000. Wealth Alliance LLC acquired a new stake in Choice Hotels International during the first quarter worth about $362,000. Sei Investments Co. grew its holdings in Choice Hotels International by 2.1% during the first quarter. Sei Investments Co. now owns 29,023 shares of the company’s stock worth $3,004,000 after acquiring an additional 606 shares during the period. NewEdge Wealth LLC raised its position in Choice Hotels International by 14.7% during the first quarter. NewEdge Wealth LLC now owns 24,512 shares of the company’s stock valued at $2,537,000 after acquiring an additional 3,140 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Choice Hotels International by 176.1% during the first quarter. First Trust Advisors LP now owns 27,159 shares of the company’s stock valued at $2,811,000 after acquiring an additional 17,323 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Choice Hotels International

In related news, CFO Scott E. Oaksmith sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $110.00, for a total value of $220,000.00. Following the transaction, the chief financial officer directly owned 35,172 shares of the company’s stock, valued at approximately $3,868,920. This trade represents a 5.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 23.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CHH has been the topic of several recent research reports. Barclays upped their price objective on Choice Hotels International from $100.00 to $101.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Truist Financial cut their target price on shares of Choice Hotels International from $129.00 to $128.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Morgan Stanley decreased their target price on shares of Choice Hotels International from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. JPMorgan Chase & Co. increased their price target on shares of Choice Hotels International from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of Choice Hotels International in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $111.00.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $110.55 on Monday. The firm has a market cap of $5.03 billion, a PE ratio of 14.90, a PEG ratio of 4.39 and a beta of 0.67. The firm has a fifty day moving average of $110.50 and a 200 day moving average of $108.01. The company has a debt-to-equity ratio of 14.58, a quick ratio of 0.95 and a current ratio of 0.95. Choice Hotels International, Inc. has a one year low of $84.04 and a one year high of $135.36.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.28). The company had revenue of $340.57 million for the quarter, compared to analyst estimates of $333.48 million. Choice Hotels International had a return on equity of 281.98% and a net margin of 21.55%.The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 earnings per share. Choice Hotels International has set its FY 2026 guidance at 6.920-7.140 EPS. As a group, research analysts predict that Choice Hotels International, Inc. will post 7.14 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Wednesday, July 1st. Choice Hotels International’s dividend payout ratio is 15.50%.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.