Sanctuary Advisors LLC raised its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 33.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,834 shares of the company's stock after acquiring an additional 4,219 shares during the period. Sanctuary Advisors LLC's holdings in Choice Hotels International were worth $2,193,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Choice Hotels International by 77.2% in 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 in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Choice Hotels International during the 3rd quarter worth $19,545,000. Natixis Advisors LLC increased its holdings in shares of Choice Hotels International by 917.2% in the 2nd 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 in the last quarter. Raymond James & Associates lifted its stake in shares of Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company's stock valued at $47,557,000 after purchasing an additional 113,951 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Choice Hotels International by 51.5% during 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 in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CHH has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on Choice Hotels International from $134.00 to $141.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 13th. Wells Fargo & Company began coverage on Choice Hotels International in a research report on Thursday, December 5th. They set an "underweight" rating and a $133.00 target price on the stock. The Goldman Sachs Group raised their price target on Choice Hotels International from $118.00 to $138.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Choice Hotels International from a "sell" rating to a "hold" rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International presently has an average rating of "Hold" and an average target price of $134.18.
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Insider Buying and Selling at Choice Hotels International
In other news, CEO Patrick Pacious sold 7,192 shares of the company's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the sale, the chief executive officer now owns 404,666 shares of the company's stock, valued at $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert J. Mcdowell sold 8,712 shares of the firm's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.99, for a total value of $1,176,032.88. Following the sale, the insider now owns 38,502 shares in the company, valued at approximately $5,197,384.98. The trade was a 18.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 53,572 shares of company stock valued at $7,562,444. Company insiders own 24.02% of the company's stock.
Choice Hotels International Trading Up 0.4 %
Shares of NYSE CHH traded up $0.54 on Thursday, reaching $140.70. 251,609 shares of the company traded hands, compared to its average volume of 457,921. The company has a 50 day moving average of $143.28 and a 200 day moving average of $130.54. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $153.81. The stock has a market capitalization of $6.60 billion, a PE ratio of 26.95, a P/E/G ratio of 2.30 and a beta of 1.23.
Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Choice Hotels International's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.82 earnings per share. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.
Choice Hotels International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, January 2nd. Choice Hotels International's payout ratio is currently 22.03%.
Choice Hotels International Company Profile
(
Free Report)
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.
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