First Mercantile Trust Co. lowered its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,569 shares of the company’s stock after selling 606 shares during the period. First Mercantile Trust Co.’s holdings in Choice Hotels International were worth $358,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in CHH. Swiss National Bank raised its stake in Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock valued at $3,760,000 after buying an additional 600 shares during the last quarter. Crawford Investment Counsel Inc. raised its stake in Choice Hotels International by 1.5% in the first quarter. Crawford Investment Counsel Inc. now owns 56,350 shares of the company’s stock valued at $3,528,000 after buying an additional 860 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Choice Hotels International by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 213,282 shares of the company’s stock valued at $13,351,000 after buying an additional 9,400 shares during the last quarter. First Trust Advisors LP raised its stake in Choice Hotels International by 198.7% in the first quarter. First Trust Advisors LP now owns 107,201 shares of the company’s stock valued at $6,711,000 after buying an additional 71,317 shares during the last quarter. Finally, 361 Capital LLC purchased a new stake in Choice Hotels International during the first quarter valued at approximately $1,665,000. 50.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Choice Hotels International, Inc. (NYSE CHH) opened at 60.60 on Friday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 22.39 and a beta of 1.11. Choice Hotels International, Inc. has a 12 month low of $43.70 and a 12 month high of $67.80. The firm has a 50-day moving average price of $63.26 and a 200-day moving average price of $62.75.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The company 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%. Choice Hotels International’s revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 earnings per share. Equities analysts expect that Choice Hotels International, Inc. will post $2.85 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “First Mercantile Trust Co. Has $358,000 Position in Choice Hotels International, Inc. (CHH)” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/18/first-mercantile-trust-co-has-358000-position-in-choice-hotels-international-inc-chh.html.

Several analysts have recently commented on the stock. Morgan Stanley lowered shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 price target on the stock. in a research report on Friday, May 5th. They noted that the move was a valuation call. Telsey Advisory Group boosted their target price on Choice Hotels International from $59.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, May 5th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Wednesday, July 5th. BidaskClub lowered Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Barclays PLC reissued an “underweight” rating and issued a $60.00 target price (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.57.

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

About Choice Hotels International

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.

Want to see what other hedge funds are holding CHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Choice Hotels International, Inc. (NYSE:CHH).

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

Receive News & Ratings for Choice Hotels International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.