Vanguard Group Inc. boosted its position in Choice Hotels International, Inc. (NYSE:CHH) by 7.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,804,252 shares of the company’s stock after purchasing an additional 197,890 shares during the period. Vanguard Group Inc. owned approximately 4.99% of Choice Hotels International worth $180,173,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after purchasing an additional 157 shares during the period. KBC Group NV acquired a new stake in shares of Choice Hotels International during the 1st quarter valued at $120,000. Huntington National Bank lifted its position in shares of Choice Hotels International by 4.7% during the 2nd quarter. Huntington National Bank now owns 2,709 shares of the company’s stock valued at $174,000 after acquiring an additional 121 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Choice Hotels International during the 2nd quarter valued at $210,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Choice Hotels International by 43.0% during the 1st quarter. Russell Investments Group Ltd. now owns 3,281 shares of the company’s stock valued at $205,000 after acquiring an additional 986 shares during the last quarter. Hedge funds and other institutional investors own 50.30% of the company’s stock.
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In related news, insider David A. Pepper sold 1,071 shares of Choice Hotels International stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $61.09, for a total transaction of $65,427.39. Following the completion of the sale, the insider now owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bruce Bainum sold 7,977 shares of Choice Hotels International stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $62.15, for a total transaction of $495,770.55. The disclosure for this sale can be found here. Insiders sold a total of 40,320 shares of company stock worth $2,490,287 over the last quarter. Company insiders own 22.01% of the company’s stock.
Choice Hotels International, Inc. (NYSE:CHH) opened at 69.75 on Friday. Choice Hotels International, Inc. has a 1-year low of $44.80 and a 1-year high of $69.85. The firm has a market capitalization of $3.91 billion, a P/E ratio of 25.77 and a beta of 1.12. The stock has a 50 day moving average of $64.45 and a 200-day moving average of $63.79.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The business had revenue of $276.80 million for the quarter, compared to analyst estimates of $254.68 million. During the same period last year, the business posted $0.71 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities research analysts anticipate that Choice Hotels International, Inc. will post $2.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were paid a $0.215 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.86 annualized dividend and a yield of 1.23%. Choice Hotels International’s payout ratio is currently 31.85%.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research report on Wednesday, July 5th. BidaskClub downgraded Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Deutsche Bank AG cut their target price on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research note on Thursday, August 3rd. Finally, Barclays PLC reissued an “underweight” rating and set a $60.00 target price (down from $61.00) on shares of Choice Hotels International in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $63.14.
About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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