International Assets Investment Management LLC Invests $42.28 Million in Choice Hotels International, Inc. (NYSE:CHH)

International Assets Investment Management LLC acquired a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,445 shares of the company's stock, valued at approximately $42,280,000. International Assets Investment Management LLC owned approximately 0.07% of Choice Hotels International at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock valued at $488,590,000 after buying an additional 1,788,563 shares during the last quarter. Vanguard Group Inc. raised its holdings in Choice Hotels International by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company's stock worth $345,957,000 after purchasing an additional 195,956 shares during the period. Natixis Advisors LLC grew its holdings in Choice Hotels International by 917.2% during the second 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 during the period. Raymond James & Associates increased its position in Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company's stock worth $47,557,000 after buying an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Choice Hotels International by 51.5% in the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company's stock worth $31,767,000 after buying an additional 90,765 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Simone Wu sold 7,840 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares of the company's stock, valued at $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares of the company's stock, valued at $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares in the company, valued at $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,429 shares of company stock worth $4,866,493. 24.02% of the stock is currently owned by corporate insiders.

Choice Hotels International Trading Down 0.4 %

Choice Hotels International stock traded down $0.56 during mid-day trading on Monday, hitting $140.93. The company's stock had a trading volume of 335,073 shares, compared to its average volume of 482,382. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $143.69. The stock has a market cap of $6.79 billion, a PE ratio of 30.36, a P/E/G ratio of 2.20 and a beta of 1.25. The company has a 50 day moving average of $129.36 and a 200-day moving average of $123.13. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing analysts' consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The company had revenue of $435.20 million for the quarter, compared to the consensus estimate of $438.29 million. During the same quarter in the previous year, the business earned $1.75 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts anticipate that Choice Hotels International, Inc. will post 6.38 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.82%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International's payout ratio is 24.68%.

Wall Street Analysts Forecast Growth

CHH has been the subject of several recent analyst reports. Truist Financial dropped their target price on shares of Choice Hotels International from $144.00 to $134.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Robert W. Baird set a $138.00 target price on Choice Hotels International in a research report on Thursday, October 17th. StockNews.com raised Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. The Goldman Sachs Group assumed coverage on shares of Choice Hotels International in a report on Wednesday, September 18th. They set a "sell" rating and a $105.00 price objective for the company. Finally, Barclays lowered their target price on shares of Choice Hotels International from $114.00 to $112.00 and set an "underweight" rating on the stock in a report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $125.50.

About Choice Hotels International

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.