Filing Worth Mentioning: Price T Rowe Associates Inc Just Opened Huge Choice Hotels International Inc De Position

Filing Worth Mentioning: Price T Rowe Associates Inc  Just Opened Huge Choice Hotels International Inc De Position

The New Price T Rowe Associates Inc Holding in Choice Hotels International Inc De

Price T Rowe Associates Inc filed with the SEC SC 13G/A form for Choice Hotels International Inc De. The form can be accessed here: 000008025516001326. As reported in Price T Rowe Associates Inc ’s form, the filler as of late owns 10.3% or 5,825,987 shares of the Consumer Discretionary–company.

Choice Hotels International Inc De stake is a new one for the for this institutional investor and it was filed because of activity on September 30, 2016. We feel this shows Price T Rowe Associates Inc ’s positive view for the stock. For a institutional investor managing $689.00 billion in assets and having 2216+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

Choice Hotels International Inc De Institutional Sentiment

Latest Security and Exchange filings show 120 investors own Choice Hotels International Inc De. The institutional ownership in Q3 2015 is high, at 64.43% of the outstanding shares. This is increased by 7572440 the total institutional shares. 36149535 were the shares owned by these institutional investors. In total 10 funds opened new Choice Hotels International Inc De stakes, 52 increased stakes. There were 19 that closed positions and 38 reduced them.

Jensen Investment Management Inc is an institutional investor bullish on Choice Hotels International Inc De, owning 8940 shares as of Q3 2015 for 0.01% of its portfolio. Pinnacle Advisory Group Inc owns 7063 shares or 0.04% of its portfolio. NY Echo Street Capital Management Llc have 0.78% of their stock portfolio for 442673 shares. Further, Zebra Capital Management Llc reported stake worth 0.54% of its US stock portfolio. The NY Bamco Inc owns 5199056 shares. Choice Hotels International Inc De is 1.12% of the manager’s US portfolio.

Business Profile

Choice Hotels International, Inc. (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States. It franchises lodging properties under the brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Cambria hotels & suites and Ascend Hotel Collection (collectively, the Choice brands). SkyTouch division develops and markets cloud-based technology products, including inventory management, pricing and connectivity to third-party channels, to hoteliers not under franchise agreements with the Company.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Price T Rowe Associates Inc website.

Insitutional Activity: The institutional sentiment increased to 1.22 in Q2 2016. Its up 0.38, from 0.84 in 2016Q1. The ratio increased, as 18 funds sold all Choice Hotels International Inc shares owned while 31 reduced positions. 17 funds bought stakes while 43 increased positions. They now own 27.87 million shares or 3.77% more from 26.86 million shares in 2016Q1.

State Of Wisconsin Investment Board, a Wisconsin-based fund reported 227,073 shares. Moreover, Jacobs Levy Equity Mgmt has 0.02% invested in Choice Hotels International Inc (NYSE:CHH) for 19,610 shares. Tarbox Grp Inc owns 18 shares or 0% of their US portfolio. Teacher Retirement Of Texas, a Texas-based fund reported 5,147 shares. National Bank Of New York Mellon, a New York-based fund reported 190,967 shares. Price T Rowe Assocs Md holds 0.09% of its portfolio in Choice Hotels International Inc (NYSE:CHH) for 8.45 million shares. Moreover, Columbia Wanger Asset Limited Co has 0.51% invested in Choice Hotels International Inc (NYSE:CHH) for 925,321 shares. Metropolitan Life Com Ny, a New York-based fund reported 2,007 shares. D E Shaw And has 75,368 shares for 0.01% of their US portfolio. Creative Planning holds 0% of its portfolio in Choice Hotels International Inc (NYSE:CHH) for 800 shares. Moreover, Johnson Financial Group has 0% invested in Choice Hotels International Inc (NYSE:CHH) for 750 shares. Renaissance Llc holds 0.01% or 113,200 shares in its portfolio. Aperio Grp Lc last reported 0% of its portfolio in the stock. Retail Bank Of Montreal Can reported 759 shares or 0% of all its holdings. The Georgia-based Crawford Investment Counsel Inc has invested 0.07% in Choice Hotels International Inc (NYSE:CHH).

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 4 sales for $2.70 million net activity. Shares for $651,558 were sold by Cimerola Patrick. 7,625 shares were sold by WU Simone, worth $350,140 on Friday, June 3. 32,090 shares with value of $1.47 million were sold by WHITE DAVID L on Friday, June 10. On Friday, August 12 Pacious Patrick sold $231,224 worth of the stock or 4,745 shares.

Analysts await Choice Hotels International Inc (NYSE:CHH) to report earnings on November, 4. They expect $0.79 earnings per share, up 9.72% or $0.07 from last year’s $0.72 per share. CHH’s profit will be $44.70 million for 14.09 P/E if the $0.79 EPS becomes a reality. After $0.71 actual earnings per share reported by Choice Hotels International Inc for the previous quarter, Wall Street now forecasts 11.27% EPS growth.

About 16,419 shares traded hands. Choice Hotels International Inc (NYSE:CHH) has declined 12.35% since March 8, 2016 and is downtrending. It has underperformed by 21.66% the S&P500.

Choice Hotels International, Inc. is a hotel franchisor. The company has a market cap of $2.52 billion. The Firm operates in two divisions: hotel franchising business and SkyTouch Technology (SkyTouch). It has a 19.33 P/E ratio. It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States.

Choice Hotels International Inc (NYSE:CHH) Ratings Coverage

Out of 8 analysts covering Choice Hotels International (NYSE:CHH), 0 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 0 are positive. $54 is the highest target while $38 is the lowest. The $49.71 average target is 11.61% above today’s ($44.54) stock price. Choice Hotels International has been the topic of 13 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded the shares of CHH in a report on Friday, July 31 to “Underperform” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, February 19. The stock of Choice Hotels International Inc (NYSE:CHH) has “Neutral” rating given on Thursday, July 30 by JP Morgan. The firm has “Underweight” rating given on Wednesday, January 6 by JP Morgan. On Friday, February 19 the stock rating was upgraded by JP Morgan to “Neutral”. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, February 19. The rating was downgraded by M Partners on Thursday, January 14 to “Sell”. The firm earned “Underweight” rating on Saturday, August 15 by Barclays Capital. On Monday, January 4 the stock rating was initiated by Telsey Advisory Group with “Market Perform”. The firm has “Equal-Weight” rating given on Monday, September 26 by Morgan Stanley.

More notable recent Choice Hotels International Inc (NYSE:CHH) news were published by: Nasdaq.com which released: “Moving Average Crossover Alert: Choice Hotels International (CHH)” on October 10, 2016, also Prnewswire.com with their article: “Choice Hotels International Declares Quarterly Cash Dividend of $0.205” published on September 20, 2016, Nasdaq.com published: “RSI Alert: Choice Hotels International Now Oversold” on October 03, 2016. More interesting news about Choice Hotels International Inc (NYSE:CHH) were released by: Nasdaq.com and their article: “Choice Hotels International, Inc Earnings Climb 12% In Q2” published on August 02, 2016 as well as Prnewswire.com‘s news article titled: “Choice Hotels Announces the Expansion of the Cambria hotels & suites brand in …” with publication date: August 11, 2016.

According to Zacks Investment Research, “Choice Hotels Int’l. is one of the largest hotel franchise companies in the world with hotels, inns, all-suite hotels and resorts open and under development in countries across the globe under the brand names Comfort, Quality, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites.”

CHH Company Profile

Choice Hotels International, Inc. (Choice), incorporated on December 12, 1980, is a hotel franchisor. The Firm operates in two divisions: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States. Choice franchises lodging properties under the 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 (collectively, the Choice brands). SkyTouch is a division of the Company that develops and markets cloud technology products, including inventory management, pricing and connectivity to third-party channels, to hoteliers not under franchise agreements with the Company. SkyTouch’s technology products are based on the Company’s choiceAdvantage property management system, which is utilized by over 5,900 of the Company’s franchised hotels.

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