Choice Hotels International, Inc. (NYSE:CHH) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. grew its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 70.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,755 shares of the company's stock after acquiring an additional 12,253 shares during the period. Edgestream Partners L.P. owned about 0.06% of Choice Hotels International worth $3,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Choice Hotels International during the 1st quarter worth approximately $1,089,000. EverSource Wealth Advisors LLC lifted its holdings in Choice Hotels International by 32.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,631 shares of the company's stock valued at $311,000 after acquiring an additional 644 shares during the period. Cadent Capital Advisors LLC boosted its position in shares of Choice Hotels International by 12.1% during the 2nd quarter. Cadent Capital Advisors LLC now owns 2,300 shares of the company's stock worth $274,000 after purchasing an additional 249 shares in the last quarter. OLD National Bancorp IN acquired a new position in shares of Choice Hotels International during the 2nd quarter worth $328,000. Finally, SG Americas Securities LLC increased its holdings in shares of Choice Hotels International by 161.3% in the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company's stock valued at $1,231,000 after purchasing an additional 6,384 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CHH shares. Morgan Stanley boosted their price objective on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. StockNews.com upgraded Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. 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 report on Wednesday, November 6th. Barclays boosted their target price on Choice Hotels International from $112.00 to $123.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 5th. Finally, UBS Group dropped 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $130.00.

Choice Hotels International Price Performance

Shares of CHH traded up $0.63 during trading hours on Friday, reaching $151.24. 172,467 shares of the company traded hands, compared to its average volume of 362,318. The stock has a market capitalization of $7.09 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The stock has a fifty day simple moving average of $139.24 and a 200 day simple moving average of $127.73. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $153.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly 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. The company had revenue of $428.00 million for the quarter, compared to analysts' expectations of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm's revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. As a group, research analysts predict that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International's dividend payout ratio is presently 22.03%.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares of the company's stock, valued at $58,551,123.54. This trade represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the sale, the executive vice president now directly owns 68,509 shares of the company's stock, valued at $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 have sold 71,437 shares of company stock worth $9,788,980 over the last quarter. 24.02% of the stock is currently owned by insiders.

Choice Hotels International Company 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.