Bamco Inc. NY Cuts Position in Choice Hotels International, Inc. (NYSE:CHH)

Bamco Inc. NY cut its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 0.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,682,492 shares of the company's stock after selling 33,822 shares during the period. Choice Hotels International makes up 1.7% of Bamco Inc. NY's holdings, making the stock its 12th largest position. Bamco Inc. NY owned approximately 9.98% of Choice Hotels International worth $664,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in shares of Choice Hotels International by 91.3% during the 4th quarter. BNP Paribas Financial Markets now owns 53,034 shares of the company's stock worth $7,530,000 after buying an additional 25,315 shares during the last quarter. Jane Street Group LLC boosted its position in Choice Hotels International by 1.0% during the fourth quarter. Jane Street Group LLC now owns 26,412 shares of the company's stock valued at $3,750,000 after purchasing an additional 266 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Choice Hotels International in the fourth quarter valued at approximately $155,000. Utah Retirement Systems acquired a new position in shares of Choice Hotels International during the 4th quarter worth approximately $213,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in shares of Choice Hotels International by 503.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 33,638 shares of the company's stock worth $4,776,000 after purchasing an additional 28,067 shares in the last quarter. Institutional investors own 65.57% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays decreased their price objective on shares of Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Susquehanna increased their target price on Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective for the company in a research report on Monday, March 24th. Bank of America lifted their target price on Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, Morgan Stanley cut their target price on shares of Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $135.69.

Choice Hotels International Trading Up 1.8 %

CHH stock traded up $2.13 during midday trading on Friday, hitting $123.39. The stock had a trading volume of 239,298 shares, compared to its average volume of 393,643. Choice Hotels International, Inc. has a 1-year low of $109.22 and a 1-year high of $157.86. The business has a fifty day moving average price of $128.90 and a two-hundred day moving average price of $139.54. The firm has a market cap of $5.77 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The company had revenue of $332.86 million during the quarter, compared to analyst estimates of $348.52 million. During the same quarter in the previous year, the business posted $1.28 earnings per share. The company's revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Tuesday, April 1st. Choice Hotels International's dividend payout ratio is currently 18.46%.

Insider Buying and Selling

In related news, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the sale, the chief financial officer now owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. 23.78% of the stock is owned by corporate insiders.

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.