As Choice Hotels Intl INC (CHH) Stock Price Rose, Echo Street Capital Management LLC Upped by $11.16 Million Its Stake

July 17, 2017 - By Ellis Scott

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.75, from 1.81 in 2016Q3. It dived, as 15 investors sold CHH shares while 49 reduced holdings. 28 funds opened positions while 40 raised stakes. 26.96 million shares or 0.69% less from 27.15 million shares in 2016Q3 were reported. Utah Retirement holds 6,012 shares or 0.01% of its portfolio. Blackrock Fund Advisors owns 387,600 shares. Goldman Sachs Group has 118,906 shares. Ubs Oconnor holds 84,117 shares. Fenimore Asset Management owns 0.39% invested in Choice Hotels International Inc (NYSE:CHH) for 156,360 shares. Tci Wealth Advsr accumulated 0.08% or 2,657 shares. Tiaa Cref Mgmt Limited Liability Co stated it has 0.01% of its portfolio in Choice Hotels International Inc (NYSE:CHH). Blackrock Institutional Na has invested 0.02% in Choice Hotels International Inc (NYSE:CHH). Wellington Gp Limited Liability Partnership stated it has 2.54M shares or 0.04% of all its holdings. Creative Planning holds 0% in Choice Hotels International Inc (NYSE:CHH) or 800 shares. First Quadrant LP Ca has invested 0.02% in Choice Hotels International Inc (NYSE:CHH). Ameriprise Incorporated holds 0% of its portfolio in Choice Hotels International Inc (NYSE:CHH) for 3,978 shares. Blackrock Inv Mgmt Ltd Company reported 17,822 shares or 0% of all its holdings. Dynamic Mngmt Ltd reported 0.05% stake. Quantbot Technology Limited Partnership reported 0.01% stake.

Since January 18, 2017, it had 0 insider purchases, and 2 insider sales for $1.75 million activity. $6.84M worth of Choice Hotels International Inc (NYSE:CHH) shares were sold by BAINUM BRUCE. WU Simone sold $810,975 worth of stock. 16,498 shares were sold by Cimerola Patrick, worth $941,097.

Greg Poole increased its stake in Choice Hotels Intl Inc (CHH) by 15.04% based on its latest 2016Q4 regulatory filing with the SEC. Echo Street Capital Management Llc bought 199,278 shares as the company’s stock rose 3.23% with the market. The hedge fund run by Greg Poole held 1.52 million shares of the consumer services company at the end of 2016Q4, valued at $85.45 million, up from 1.33 million at the end of the previous reported quarter. Echo Street Capital Management Llc who had been investing in Choice Hotels Intl Inc for a number of months, seems to be bullish on the $3.66 billion market cap company. The stock increased 0.62% or $0.4 on July 17, reaching $64.6. About 145,967 shares traded. Choice Hotels International Inc (NYSE:CHH) has risen 43.17% since July 17, 2016 and is uptrending. It has outperformed by 26.47% the S&P500.

Echo Street Capital Management Llc, which manages about $2.68 billion and $2.50 billion US Long portfolio, decreased its stake in Mead Johnson Nutrition Co (NYSE:MJN) by 102,479 shares to 240,063 shares, valued at $16.99M in 2016Q4, according to the filing. It also reduced its holding in Knight Transn Inc (NYSE:KNX) by 158,532 shares in the quarter, leaving it with 274,084 shares, and cut its stake in Carmax Inc (NYSE:KMX).

More notable recent Choice Hotels International Inc (NYSE:CHH) news were published by: Prnewswire.com which released: “Russellville Econo Lodge Wins Hotel of the Year Award” on June 21, 2017, also Prnewswire.com with their article: “Clarion Launches “Meet Me at Clarion” Contest in Partnership with the Country …” published on June 22, 2017, Prnewswire.com published: “The Ascend Hotel Collection Welcomes Kohea Kai Resort Maui In Hawaii” on June 21, 2017. More interesting news about Choice Hotels International Inc (NYSE:CHH) were released by: Nasdaq.com and their article: “Choice Hotels International, Inc. (CHH) Ex-Dividend Date Scheduled for June 29 …” published on June 28, 2017 as well as Prnewswire.com‘s news article titled: “Choice Hotels International Adds SONIFI Solutions to Qualified Vendor Program” with publication date: July 12, 2017.

Choice Hotels International Inc (NYSE:CHH) Ratings Coverage

Among 9 analysts covering Choice Hotels International (NYSE:CHH), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Choice Hotels International had 19 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Choice Hotels International Inc (NYSE:CHH) has “Neutral” rating given on Monday, December 5 by M Partners. The stock has “Hold” rating by Deutsche Bank on Friday, February 19. The firm earned “Market Perform” rating on Monday, January 4 by Telsey Advisory Group. The firm has “Neutral” rating by JP Morgan given on Thursday, July 30. The firm has “Underweight” rating by JP Morgan given on Wednesday, January 6. The firm has “Underperform” rating by Credit Suisse given on Friday, July 31. The rating was maintained by Telsey Advisory Group with “Market Perform” on Friday, May 5. The firm earned “Sell” rating on Thursday, January 14 by M Partners. The firm has “Hold” rating by Deutsche Bank given on Thursday, July 13. The stock of Choice Hotels International Inc (NYSE:CHH) earned “Overweight” rating by Morgan Stanley on Thursday, January 12.

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