Echo Street Capital Management buys $42,605,621 stake in Choice Hotels International Inc (CHH)

Choice Hotels International Inc (CHH) : Echo Street Capital Management scooped up 461,899 additional shares in Choice Hotels International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 873,066 shares of Choice Hotels International Inc which is valued at $42,605,621.Choice Hotels International Inc makes up approximately 1.73% of Echo Street Capital Management’s portfolio.

Other Hedge Funds, Including , Qs Investors sold out all of its stake in CHH during the most recent quarter. The investment firm sold 6 shares of CHH which is valued $293.Geode Capital Management boosted its stake in CHH in the latest quarter, The investment management firm added 7,330 additional shares and now holds a total of 221,755 shares of Choice Hotels International Inc which is valued at $10,821,644. Choice Hotels International Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Atlanta Capital Management Co L L C boosted its stake in CHH in the latest quarter, The investment management firm added 46,847 additional shares and now holds a total of 762,789 shares of Choice Hotels International Inc which is valued at $37,224,103. Choice Hotels International Inc makes up approx 0.24% of Atlanta Capital Management Co L L C’s portfolio. Omers Administration Corp added CHH to its portfolio by purchasing 11,100 company shares during the most recent quarter which is valued at $541,680. Choice Hotels International Inc makes up approx 0.01% of Omers Administration Corp’s portfolio. Quadrature Capital Ltd sold out all of its stake in CHH during the most recent quarter. The investment firm sold 10,564 shares of CHH which is valued $515,523.

Choice Hotels International Inc closed down -0.04 points or -0.08% at $48.45 with 2,06,228 shares getting traded on Thursday. Post opening the session at $48.46, the shares hit an intraday low of $48.08 and an intraday high of $48.77 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Choice Hotels International Inc reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.67. The company had revenue of $241.75 million for the quarter, compared to analysts expectations of $243.26 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Choice Hotels International Inc. (Choice) is a hotel franchisor. Choice franchises lodging properties under various brand names: 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). It operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). SkyTouch is a division of the Company that 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. The SkyTouch platform also includes a mobile-native interface that offers mobile functionality to the elements of property management and housekeeping.

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