Janney Montgomery Scott LLC Grows Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Janney Montgomery Scott LLC lifted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 41.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,394 shares of the company's stock after buying an additional 16,694 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.12% of Choice Hotels International worth $7,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHH. Allspring Global Investments Holdings LLC boosted its holdings in Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company's stock worth $25,000 after buying an additional 117 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company's stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Covestor Ltd increased its position in shares of Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company's stock worth $29,000 after purchasing an additional 142 shares in the last quarter. Tortoise Investment Management LLC raised its stake in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company's stock valued at $30,000 after purchasing an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Choice Hotels International by 1,146.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company's stock valued at $47,000 after purchasing an additional 367 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,551,123.54. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total value of $3,880,007.04. Following the completion of 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 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dominic Dragisich sold 9,138 shares of the company's stock in a transaction on 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 sale, the executive vice president now directly owns 68,509 shares in the company, valued at $9,240,493.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,245 shares of company stock worth $8,746,500. 24.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of 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. 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 report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday. Susquehanna increased their price target on Choice Hotels International from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price objective on Choice Hotels International from $105.00 to $118.00 and gave the stock a "sell" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $128.70.

Choice Hotels International Trading Up 0.6 %

Shares of NYSE:CHH traded up $0.93 during midday trading on Friday, reaching $144.91. 302,238 shares of the company's stock were exchanged, compared to its average volume of 371,247. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.21 and a beta of 1.24. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $149.75. The firm's 50 day simple moving average is $132.45 and its two-hundred day simple moving average is $124.68. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.99.

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, beating analysts' consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business's revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. As a group, sell-side analysts forecast that Choice Hotels International, Inc. will post 6.78 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. Choice Hotels International's payout ratio is presently 22.03%.

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.