Short Interest Alert: Is Choice Hotels International Incorporated (NYSE:CHH)’s Fuel Running High? Reports Show Less Sellers

November 29, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Alert: Is Choice Hotels International Incorporated (NYSE:CHH)’s Fuel Running High? Reports Show Less Sellers

The stock of Choice Hotels International Incorporated (NYSE:CHH) registered a decrease of 22.63% in short interest. CHH’s total short interest was 754,900 shares in November as published by FINRA. Its down 22.63% from 975,700 shares, reported previously. With 239,700 shares average volume, it will take short sellers 3 days to cover their CHH’s short positions. The short interest to Choice Hotels International Incorporated’s float is 1.8%. About 49,427 shares traded hands. Choice Hotels International Inc (NYSE:CHH) has risen 1.28% since April 26, 2016 and is uptrending. It has underperformed by 3.98% the S&P500.

Choice Hotels International, Inc. is a hotel franchisor. The company has a market cap of $2.87 billion. The Firm operates in two divisions: hotel franchising business and SkyTouch Technology (SkyTouch). It has a 21.35 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.

Insitutional Activity: The institutional sentiment increased to 1.81 in Q2 2016. Its up 0.59, from 1.22 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.
Btim last reported 0.55% of its portfolio in the stock. Td Asset Mgmt accumulated 100,000 shares or 0.01% of the stock. Columbia Wanger Asset Mgmt Llc has 0.51% invested in the company for 925,321 shares. Moreover, Jacobs Levy Equity Management has 0.02% invested in Choice Hotels International Inc (NYSE:CHH) for 19,610 shares. Ig Invest Ltd last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa accumulated 98 shares or 0% of the stock. Los Angeles Mgmt & Equity holds 173,385 shares or 0.07% of its portfolio. Millennium Mgmt Lc reported 206,711 shares or 0.02% of all its holdings. State Street has 464,816 shares for 0% of their US portfolio. Horizon Kinetics Ltd Liability last reported 0.01% of its portfolio in the stock. Ameriprise Incorporated last reported 27,036 shares in the company. The Ohio-based Huntington Retail Bank has invested 0% in Choice Hotels International Inc (NYSE:CHH). Victory Management Incorporated has 1,869 shares for 0% of their US portfolio. Verition Fund Management Limited Com accumulated 5,352 shares or 0.03% of the stock. Amer Int Gru last reported 0% of its portfolio in the stock.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 10 insider sales for $7.16 million net activity. 7,999 shares were sold by Joyce Stephen P, worth $400,750. $1.47M worth of Choice Hotels International Inc (NYSE:CHH) shares were sold by WHITE DAVID L. Another trade for 13,997 shares valued at $687,253 was sold by Pacious Patrick. Shares for $350,140 were sold by WU Simone on Friday, June 3. $1.42M worth of Choice Hotels International Inc (NYSE:CHH) was sold by Pepper David A. Shares for $651,558 were sold by Cimerola Patrick on Friday, September 2.

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. Choice Hotels International has been the topic of 13 analyst reports since July 30, 2015 according to StockzIntelligence Inc. JP Morgan upgraded the shares of CHH in a report on Friday, February 19 to “Neutral” rating. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, January 6. The stock has “Neutral” rating given by JP Morgan on Thursday, July 30. As per Thursday, January 14, the company rating was downgraded by M Partners. The stock of Choice Hotels International Inc (NYSE:CHH) earned “Equal-Weight” rating by Morgan Stanley on Monday, September 26. The firm has “Underweight” rating given on Saturday, August 15 by Barclays Capital. Deutsche Bank maintained the shares of CHH in a report on Friday, February 19 with “Hold” rating. Telsey Advisory Group maintained Choice Hotels International Inc (NYSE:CHH) rating on Friday, February 19. Telsey Advisory Group has “Market Perform” rating and $51 price target. The rating was initiated by Telsey Advisory Group on Monday, January 4 with “Market Perform”. The stock of Choice Hotels International Inc (NYSE:CHH) earned “Underperform” rating by Credit Suisse on Friday, July 31.

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.

More important recent Choice Hotels International Inc (NYSE:CHH) news were published by: Prnewswire.com which released: “Choice Hotels Announces Choice Privileges Planner Rewards” on October 14, 2016, also Prnewswire.com published article titled: “Choice Hotels International Reports A 17% Increase In Third Quarter Diluted …”, Prnewswire.com published: “Choice Hotels Launches Soap Recycling Program with Clean the World” on November 15, 2016. More interesting news about Choice Hotels International Inc (NYSE:CHH) was released by: Prnewswire.com and their article: “Choice Hotels International Brings Cambria hotels & suites to Westfield, Ind.” with publication date: November 09, 2016.

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By Winifred Garcia


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