Arrowstreet Capital Limited Partnership bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 75,919 shares of the company's stock, valued at approximately $10,779,000. Arrowstreet Capital Limited Partnership owned 0.16% of Choice Hotels International at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Choice Hotels International during the third quarter worth approximately $55,000. Tortoise Investment Management LLC increased its stake in Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after acquiring an additional 154 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Choice Hotels International in the 4th quarter valued at $62,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock valued at $62,000 after acquiring an additional 393 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of Choice Hotels International during the 4th quarter valued at $65,000. Institutional investors own 65.57% of the company's stock.
Insider Activity
In related news, EVP Dominic Dragisich sold 3,500 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 24.02% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have commented on CHH. Barclays lifted their target price on Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research note on Friday, December 13th. Redburn Atlantic raised Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective on the stock in a research note on Monday, March 24th. Morgan Stanley boosted their price objective on Choice Hotels International from $131.00 to $139.00 and gave the company an "underweight" rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird boosted their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $139.15.
Get Our Latest Stock Report on Choice Hotels International
Choice Hotels International Stock Performance
CHH traded down $4.38 during trading on Thursday, reaching $124.51. The stock had a trading volume of 34,463 shares, compared to its average volume of 409,044. The stock has a market cap of $5.82 billion, a PE ratio of 19.99, a PEG ratio of 1.90 and a beta of 1.08. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The business has a 50-day moving average of $138.98 and a 200-day moving average of $140.67.
Choice Hotels International (NYSE:CHH - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.
Choice Hotels International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.92%. Choice Hotels International's dividend payout ratio (DPR) is currently 18.46%.
About Choice Hotels International
(
Free Report)
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.
Featured Articles
Before you consider Choice Hotels International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Choice Hotels International wasn't on the list.
While Choice Hotels International currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
