Versor Investments LP Makes New $860,000 Investment in Choice Hotels International, Inc. (NYSE:CHH)

Versor Investments LP purchased a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,600 shares of the company's stock, valued at approximately $860,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHH. Eagle Bay Advisors LLC lifted its holdings in shares of Choice Hotels International by 12.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company's stock worth $110,000 after acquiring an additional 96 shares during the period. AGF Management Ltd. boosted its holdings in shares of Choice Hotels International by 0.5% in the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company's stock valued at $2,492,000 after purchasing an additional 101 shares during the last quarter. Aurora Investment Managers LLC. grew its stake in shares of Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company's stock valued at $1,624,000 after buying an additional 113 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Choice Hotels International by 144.4% during 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. Finally, MJP Associates Inc. ADV raised its position in shares of Choice Hotels International by 7.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company's stock worth $219,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

Insider Activity

In related news, EVP Dominic Dragisich sold 9,138 shares of the firm's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at $9,240,493.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total value of $3,880,007.04. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $58,551,123.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dominic Dragisich sold 9,138 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the transaction, the executive vice president now directly owns 68,509 shares of the company's stock, valued at $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,437 shares of company stock worth $9,788,980. 24.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CHH has been the topic of a number of research reports. Susquehanna raised their price objective on Choice Hotels International from $125.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Barclays lifted their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an "underweight" rating in a research report on Tuesday, November 5th. Jefferies Financial Group lowered 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 research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Finally, Robert W. Baird raised their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $130.00.

Choice Hotels International Stock Up 0.3 %

CHH stock traded up $0.42 during midday trading on Wednesday, hitting $144.76. 264,147 shares of the company's stock were exchanged, compared to its average volume of 480,431. The firm has a 50 day moving average price of $133.53 and a 200-day moving average price of $125.22. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $149.75. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. 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 (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.31. The business 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%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. On average, analysts anticipate that Choice Hotels International, Inc. will post 6.82 EPS for the current year.

Choice Hotels International Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International's dividend payout ratio is presently 22.03%.

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.