Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,139 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 43.6% during the 2nd quarter, Holdings Channel reports. The fund owned 7,049 shares of the company’s stock after acquiring an additional 2,139 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Choice Hotels International were worth $839,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in Choice Hotels International by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 265,929 shares of the company’s stock valued at $30,130,000 after purchasing an additional 6,658 shares during the last quarter. Everpar Advisors LLC acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at $387,000. Savoir Faire Capital Management L.P. raised its holdings in shares of Choice Hotels International by 3.5% in the fourth quarter. Savoir Faire Capital Management L.P. now owns 40,939 shares of the company’s stock valued at $4,638,000 after buying an additional 1,367 shares during the last quarter. Principal Securities Inc. acquired a new position in Choice Hotels International during the 4th quarter worth about $48,000. Finally, Teacher Retirement System of Texas grew its holdings in Choice Hotels International by 42.1% during the 4th quarter. Teacher Retirement System of Texas now owns 7,458 shares of the company’s stock worth $845,000 after acquiring an additional 2,210 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CHH. Truist Financial dropped their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday. Robert W. Baird reduced their price objective on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Barclays lowered their target price on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. Susquehanna assumed coverage on Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $129.27.

Insider Buying and Selling

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the transaction, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the transaction, the executive vice president now directly owns 69,171 shares in the company, valued at approximately $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $125.08, for a total value of $1,658,435.72. Following the sale, the insider now directly owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by company insiders.

Choice Hotels International Price Performance

Choice Hotels International stock opened at $125.85 on Thursday. The firm has a market capitalization of $5.94 billion, a P/E ratio of 27.01, a PEG ratio of 2.12 and a beta of 1.23. The business has a 50-day moving average of $124.27 and a 200-day moving average of $120.75. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $134.44.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.86 by ($0.02). The firm had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 EPS. On average, equities analysts anticipate that Choice Hotels International, Inc. will post 6.38 EPS for the current year.

Choice Hotels International 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.