Vanguard Group Inc. lessened its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,542,132 shares of the company's stock after selling 211,815 shares during the quarter. Vanguard Group Inc. owned approximately 5.13% of Choice Hotels International worth $288,024,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vima LLC bought a new position in Choice Hotels International during the fourth quarter worth about $36,000. Wetzel Investment Advisors Inc. acquired a new stake in Choice Hotels International during the 4th quarter worth approximately $45,000. Principal Securities Inc. bought a new stake in shares of Choice Hotels International in the fourth quarter valued at about $48,000. Eagle Bay Advisors LLC grew its position in shares of Choice Hotels International by 105.8% during the 4th quarter. Eagle Bay Advisors LLC now owns 885 shares of the company's stock worth $100,000 after purchasing an additional 455 shares in the last quarter. Finally, AdvisorShares Investments LLC acquired a new position in Choice Hotels International in the 4th quarter valued at $137,000. 65.57% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CHH. Susquehanna started coverage on Choice Hotels International in a research note on Friday, June 21st. They issued a "neutral" rating and a $125.00 price target for the company. Robert W. Baird reduced their price target on shares of Choice Hotels International from $140.00 to $137.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 24th. Jefferies Financial Group upgraded shares of Choice Hotels International from an "underperform" rating to a "buy" rating and boosted their price objective for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Deutsche Bank Aktiengesellschaft cut their target price on Choice Hotels International from $128.00 to $112.00 and set a "hold" rating for the company in a research note on Thursday, May 9th. Finally, Barclays decreased their price target on Choice Hotels International from $122.00 to $114.00 and set an "underweight" rating on the stock in a research note on Friday, April 19th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $129.09.
View Our Latest Stock Analysis on Choice Hotels International
Choice Hotels International Trading Up 0.9 %
NYSE:CHH traded up $1.05 during mid-day trading on Friday, hitting $119.00. 635,035 shares of the company's stock were exchanged, compared to its average volume of 430,784. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $136.02. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 177.75. The firm has a market capitalization of $5.73 billion, a P/E ratio of 25.54, a PEG ratio of 2.04 and a beta of 1.22. The company has a 50 day simple moving average of $116.88 and a 200-day simple moving average of $118.15.
Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.28 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.13. The company had revenue of $331.90 million for the quarter, compared to analyst estimates of $343.04 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. Choice Hotels International's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 earnings per share. As a group, research analysts expect that Choice Hotels International, Inc. will post 6.44 earnings per share for the current year.
Choice Hotels International Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.97%. Choice Hotels International's dividend payout ratio (DPR) is 24.68%.
Insider Buying and Selling
In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the sale, the insider now owns 38,502 shares of the company's stock, valued at approximately $4,527,065.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.02% of the stock is owned by insiders.
About Choice Hotels International
(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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