UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,914 shares of the company’s stock after buying an additional 5,766 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.21% of Choice Hotels International worth $10,466,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Bamco Inc. NY grew its holdings in shares of Choice Hotels International by 37.8% in the 4th quarter. Bamco Inc. NY now owns 7,386,575 shares of the company’s stock worth $703,645,000 after purchasing an additional 2,026,679 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Choice Hotels International by 151.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 512,628 shares of the company’s stock worth $48,833,000 after acquiring an additional 308,771 shares in the last quarter. Norges Bank acquired a new position in Choice Hotels International in the fourth quarter worth $28,910,000. Wellington Management Group LLP lifted its position in Choice Hotels International by 55.1% during the 4th quarter. Wellington Management Group LLP now owns 574,630 shares of the company’s stock worth $54,739,000 after buying an additional 204,146 shares in the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in shares of Choice Hotels International by 208.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 280,513 shares of the company’s stock worth $26,722,000 after purchasing an additional 189,464 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.
Choice Hotels International Stock Performance
Shares of CHH stock opened at $100.48 on Monday. Choice Hotels International, Inc. has a one year low of $84.04 and a one year high of $123.82. The stock has a market cap of $4.52 billion, a P/E ratio of 14.19, a P/E/G ratio of 2.54 and a beta of 0.66. The company has a fifty day moving average price of $108.39 and a two-hundred day moving average price of $108.25. The company has a debt-to-equity ratio of 14.08, a current ratio of 0.93 and a quick ratio of 0.93.
Insider Activity
In other Choice Hotels International news, CFO Scott Oaksmith sold 2,000 shares of the 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 $3,868,920. This represents a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Jews sold 5,057 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $106.98, for a total value of $540,997.86. Following the completion of the transaction, the director directly owned 23,987 shares in the company, valued at $2,566,129.26. The trade was a 17.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 23.87% of the company’s stock.
Analyst Upgrades and Downgrades
CHH has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Choice Hotels International in a report on Tuesday, July 7th. JPMorgan Chase & Co. upped their price objective on shares of Choice Hotels International from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Truist Financial dropped their target price on shares of Choice Hotels International from $129.00 to $128.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Robert W. Baird set a $128.00 price target on Choice Hotels International in a research note on Monday, May 11th. Finally, UBS Group raised their price target on shares of Choice Hotels International from $119.00 to $120.00 and gave the stock a “neutral” rating in a research note on Friday, August 28th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of “Reduce” and a consensus target price of $112.38.
Read Our Latest Analysis on Choice Hotels International
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.
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