Norges Bank Makes New $3.72 Million Investment in Choice Hotels International, Inc. $CHH

Norges Bank purchased a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 29,321 shares of the company’s stock, valued at approximately $3,720,000. Norges Bank owned approximately 0.06% of Choice Hotels International at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC grew its stake in Choice Hotels International by 9.3% during the 1st quarter. LPL Financial LLC now owns 30,205 shares of the company’s stock worth $4,011,000 after buying an additional 2,567 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Choice Hotels International by 5.5% during the first quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company’s stock worth $339,464,000 after acquiring an additional 133,216 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Choice Hotels International by 34.4% during the first quarter. Deutsche Bank AG now owns 8,024 shares of the company’s stock valued at $1,065,000 after acquiring an additional 2,054 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Choice Hotels International by 1.7% during the first quarter. Townsquare Capital LLC now owns 19,657 shares of the company’s stock valued at $2,610,000 after acquiring an additional 322 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Choice Hotels International in the 1st quarter valued at approximately $394,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Trading Down 0.4%

Shares of Choice Hotels International stock opened at $84.49 on Wednesday. The stock has a market cap of $3.91 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 6.95 and a beta of 0.79. The firm has a fifty day moving average price of $95.50 and a 200 day moving average price of $113.60. Choice Hotels International, Inc. has a 1 year low of $84.12 and a 1 year high of $157.86. The company has a debt-to-equity ratio of 12.81, a current ratio of 0.96 and a quick ratio of 0.96.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.08). The company had revenue of $278.00 million for the quarter, compared to analyst estimates of $419.75 million. Choice Hotels International had a return on equity of 9,081.29% and a net margin of 23.93%.Choice Hotels International’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.23 earnings per share. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. Equities research analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Bank of America downgraded shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 target price on the stock. in a research report on Monday, September 29th. Wells Fargo & Company assumed coverage on shares of Choice Hotels International in a report on Tuesday, November 18th. They set an “underweight” rating and a $84.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Choice Hotels International in a research report on Thursday, October 30th. Truist Financial reduced their target price on Choice Hotels International from $128.00 to $111.00 and set a “hold” rating for the company in a research note on Thursday, December 4th. Finally, Barclays dropped their price target on Choice Hotels International from $101.00 to $99.00 and set an “underweight” rating on the stock in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $114.54.

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.