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

Quantbot Technologies LP increased its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 154.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,078 shares of the company's stock after purchasing an additional 24,955 shares during the period. Quantbot Technologies LP owned approximately 0.09% of Choice Hotels International worth $5,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Anchor Investment Management LLC bought a new position in shares of Choice Hotels International in the 3rd quarter worth $55,000. Tortoise Investment Management LLC raised its position in Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock valued at $61,000 after purchasing an additional 154 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Choice Hotels International by 836.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock worth $62,000 after purchasing an additional 393 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Choice Hotels International in the 4th quarter worth about $62,000. Finally, Quarry LP bought a new position in shares of Choice Hotels International during the 3rd quarter valued at about $63,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Stock Up 0.4 %

Shares of NYSE CHH traded up $0.47 during midday trading on Wednesday, hitting $132.95. The stock had a trading volume of 318,381 shares, compared to its average volume of 406,902. The company has a market cap of $6.21 billion, a P/E ratio of 21.34, a PEG ratio of 1.90 and a beta of 1.25. The business's 50 day moving average is $143.54 and its 200-day moving average is $140.70. Choice Hotels International, Inc. has a 52 week low of $109.22 and a 52 week high of $157.86.

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Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $389.77 million during the quarter, compared to analysts' expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be paid a $0.2875 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.87%. Choice Hotels International's dividend payout ratio (DPR) is currently 18.46%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CHH shares. Susquehanna boosted their target price on Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 target price on the stock in a research report on Monday. Wells Fargo & Company cut their price target on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research report on Tuesday, March 4th. StockNews.com cut Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Finally, JPMorgan Chase & Co. increased their target price on Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a report on Friday, December 13th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $140.62.

Insider Buying and Selling

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares of the company's stock, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by corporate 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.