Atom Investors LP purchased a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,357 shares of the company's stock, valued at approximately $698,000.
A number of other institutional investors have also recently added to or reduced their stakes in CHH. Kayne Anderson Rudnick Investment Management LLC grew its stake in Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock valued at $488,590,000 after acquiring an additional 1,788,563 shares during the period. Erste Asset Management GmbH acquired a new stake in Choice Hotels International in the 3rd quarter valued at $19,545,000. Natixis Advisors LLC lifted its holdings in Choice Hotels International by 917.2% in the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company's stock valued at $19,254,000 after purchasing an additional 145,893 shares in the last quarter. Raymond James & Associates lifted its holdings in Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company's stock valued at $47,557,000 after purchasing an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company's stock valued at $31,767,000 after purchasing an additional 90,765 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.
Insider Buying and Selling at Choice Hotels International
In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of Choice Hotels International stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company's stock, valued at $58,656,336.70. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dominic Dragisich sold 9,138 shares of the business's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares of the company's stock, valued at approximately $9,240,493.92. This represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,437 shares of company stock valued at $9,788,980 in the last three months. 24.02% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have weighed in on CHH. Morgan Stanley raised their price objective on Choice Hotels International from $134.00 to $141.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on Choice Hotels International from $105.00 to $118.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Robert W. Baird lifted their price target on Choice Hotels International from $138.00 to $145.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, Jefferies Financial Group lowered Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 price target on the stock. in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Choice Hotels International has an average rating of "Hold" and an average target price of $130.20.
Read Our Latest Research Report on CHH
Choice Hotels International Trading Up 0.7 %
Shares of NYSE:CHH traded up $1.01 during midday trading on Wednesday, reaching $150.76. 227,031 shares of the company's stock were exchanged, compared to its average volume of 467,838. The firm's 50 day simple moving average is $139.97 and its two-hundred day simple moving average is $128.23. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 2.38 and a beta of 1.23. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $153.81.
Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company's quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. As a group, sell-side analysts forecast that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.
Choice Hotels International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International's dividend payout ratio is currently 22.03%.
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.
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