Chatham Lodging Trust is experiencing a notable decline in its stock price, driven by significant changes in institutional ownership. Y Intercept Hong Kong Ltd has reduced its stake in Chatham Lodging Trust by 70.3% during the third quarter, as reported in their latest SEC filing. This substantial divestment, involving the sale of 110,174 shares, has likely contributed to the downward pressure on the stock. Despite this, other institutional investors have shown interest, with some increasing their holdings in recent quarters, indicating a mixed sentiment in the market.
The current price of Chatham Lodging Trust (CLDT) is $9.12, reflecting a 6.08% decrease from the previous close of $9.71.