Quantbot Technologies LP Lowers Position in Choice Hotels International, Inc. (NYSE:CHH)

Quantbot Technologies LP lessened its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 76.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,123 shares of the company's stock after selling 52,567 shares during the period. Quantbot Technologies LP's holdings in Choice Hotels International were worth $2,101,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CHH. DekaBank Deutsche Girozentrale bought a new stake in Choice Hotels International in the first quarter valued at approximately $1,089,000. EverSource Wealth Advisors LLC increased its stake in shares of Choice Hotels International by 32.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,631 shares of the company's stock worth $311,000 after buying an additional 644 shares during the period. Cadent Capital Advisors LLC raised its holdings in Choice Hotels International by 12.1% during the 2nd quarter. Cadent Capital Advisors LLC now owns 2,300 shares of the company's stock valued at $274,000 after buying an additional 249 shares during the last quarter. OLD National Bancorp IN bought a new stake in Choice Hotels International during the 2nd quarter valued at $328,000. Finally, SG Americas Securities LLC boosted its position in Choice Hotels International by 161.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company's stock valued at $1,231,000 after buying an additional 6,384 shares during the period. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CHH shares. Jefferies Financial Group downgraded shares of Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 price objective for the company. in a research note on Wednesday, November 6th. UBS Group lowered their price target on Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Robert W. Baird lifted their price objective on Choice Hotels International from $138.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Morgan Stanley upped their target price 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. Finally, StockNews.com raised Choice Hotels International from a "sell" rating to a "hold" rating in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $130.00.

Choice Hotels International Stock Up 0.4 %

Shares of Choice Hotels International stock traded up $0.63 during midday trading on Friday, hitting $151.24. The company had a trading volume of 172,467 shares, compared to its average volume of 471,078. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $153.81. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $7.09 billion, a P/E ratio of 29.27, a P/E/G ratio of 2.38 and a beta of 1.24. The company has a 50 day moving average of $138.81 and a 200 day moving average of $127.43.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business had revenue of $428.00 million during the quarter, compared to analysts' expectations of $432.62 million. During the same period in the previous year, the company earned $1.82 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that Choice Hotels International, Inc. will post 6.83 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.76%. Choice Hotels International's dividend payout ratio is 22.03%.

Insiders Place Their Bets

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company's stock, valued at approximately $2,441,340. The trade was a 8.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Patrick Pacious sold 7,192 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the sale, the chief executive officer now owns 404,666 shares of the company's stock, valued at approximately $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,437 shares of company stock valued at $9,788,980. Corporate insiders own 24.02% of the company's stock.

Choice Hotels International Profile

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.