Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Choice Hotels International, Inc. (NYSE:CHH) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,196 shares of the company’s stock after buying an additional 143 shares during the period. Principal Financial Group Inc.’s holdings in Choice Hotels International were worth $1,327,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in Choice Hotels International by 32,123.6% in the first quarter. Victory Capital Management Inc. now owns 817,514 shares of the company’s stock worth $51,176,000 after buying an additional 814,977 shares during the period. Macquarie Group Ltd. bought a new position in Choice Hotels International during the fourth quarter worth about $27,308,000. Norges Bank bought a new position in Choice Hotels International during the fourth quarter worth about $13,300,000. Columbus Circle Investors bought a new position in Choice Hotels International during the first quarter worth about $13,311,000. Finally, British Airways Pensions Investment Management Ltd bought a new position in Choice Hotels International during the first quarter worth about $7,994,000. Hedge funds and other institutional investors own 50.23% of the company’s stock.

Shares of Choice Hotels International, Inc. (NYSE:CHH) traded down 0.33% during trading on Friday, reaching $60.40. 74,549 shares of the company traded hands. The firm’s 50 day moving average is $63.15 and its 200-day moving average is $62.78. Choice Hotels International, Inc. has a 12-month low of $43.70 and a 12-month high of $67.80. The stock has a market capitalization of $3.39 billion, a P/E ratio of 22.31 and a beta of 1.11.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. The firm had revenue of $276.80 million for the quarter, compared to the consensus estimate of $254.68 million. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The business’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, equities research analysts anticipate that Choice Hotels International, Inc. will post $2.85 earnings per share for the current fiscal year.

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CHH has been the topic of a number of research analyst reports. Telsey Advisory Group increased their price objective on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, May 5th. Morgan Stanley cut shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price objective on the stock. in a research report on Friday, May 5th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Wednesday, July 5th. BidaskClub cut shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Deutsche Bank AG dropped their price target on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $62.57.

In other news, CEO Stephen P. Joyce sold 44,116 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $62.88, for a total value of $2,774,014.08. Following the transaction, the chief executive officer now owns 201,922 shares in the company, valued at $12,696,855.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen P. Joyce sold 17,024 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $63.02, for a total transaction of $1,072,852.48. Following the completion of the transaction, the chief executive officer now owns 176,943 shares in the company, valued at approximately $11,150,947.86. The disclosure for this sale can be found here. Corporate insiders own 22.01% of the company’s stock.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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.

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

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