TD Private Client Wealth LLC Increases Position in Choice Hotels International, Inc. (NYSE:CHH)

TD Private Client Wealth LLC lifted its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 30.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,889 shares of the company's stock after purchasing an additional 3,446 shares during the period. TD Private Client Wealth LLC's holdings in Choice Hotels International were worth $1,940,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. grew its stake in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company's stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company's stock worth $30,000 after acquiring an additional 141 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Choice Hotels International by 1,146.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company's stock valued at $47,000 after acquiring an additional 367 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in Choice Hotels International during the second quarter valued at approximately $56,000. Finally, Quarry LP acquired a new stake in Choice Hotels International in the third quarter valued at approximately $63,000. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock traded up $0.11 during trading on Friday, hitting $146.52. 140,054 shares of the company's stock were exchanged, compared to its average volume of 461,228. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 2.30 and a beta of 1.23. The business has a 50-day simple moving average of $142.50 and a 200-day simple moving average of $129.74. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $153.81. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. The business had revenue of $428.00 million during the quarter, compared to analysts' expectations of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company's revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. On average, research analysts forecast that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.78%. Choice Hotels International's payout ratio is 22.03%.

Analysts Set New Price Targets

Several brokerages have recently commented on CHH. StockNews.com upgraded Choice Hotels International from a "sell" rating to a "hold" rating in a report on Thursday, October 3rd. Jefferies Financial Group cut Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 price target for the company. in a research note on Wednesday, November 6th. Wells Fargo & Company assumed coverage on Choice Hotels International in a research note on Thursday, December 5th. They set an "underweight" rating and a $133.00 price target on the stock. Barclays increased their price objective on shares of Choice Hotels International from $123.00 to $129.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $134.18.

Insider Transactions at Choice Hotels International

In related news, CEO Patrick Pacious sold 7,192 shares of Choice Hotels International 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 sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $58,656,336.70. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the transaction, the insider now directly owns 18,084 shares of the company's stock, valued at $2,441,340. The trade was a 8.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,412 shares of company stock valued at $8,582,271 in the last 90 days. 24.02% of the stock is currently owned by company insiders.

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.