Gotham Asset Management LLC raised its position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 141.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,079 shares of the company's stock after purchasing an additional 5,318 shares during the period. Gotham Asset Management LLC's holdings in Choice Hotels International were worth $1,289,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in CHH. Vanguard Group Inc. raised its holdings in shares of Choice Hotels International by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company's stock worth $344,070,000 after purchasing an additional 8,362 shares in the last quarter. Boston Trust Walden Corp grew its position in Choice Hotels International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company's stock worth $134,822,000 after acquiring an additional 9,490 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Choice Hotels International in the fourth quarter worth approximately $48,201,000. Balyasny Asset Management L.P. grew its position in Choice Hotels International by 69.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock worth $41,577,000 after acquiring an additional 120,376 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Choice Hotels International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock worth $39,634,000 after acquiring an additional 2,725 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, EVP Dominic Dragisich sold 3,500 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. The trade was a 4.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Several analysts recently issued reports on CHH shares. The Goldman Sachs Group raised shares of Choice Hotels International from a "sell" rating to a "buy" rating and decreased their price objective for the stock from $141.00 to $138.00 in a report on Monday, April 14th. Susquehanna increased their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Morgan Stanley dropped their price objective on shares of Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Barclays dropped their target price on shares of Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Redburn Atlantic raised shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective on the stock in a report on Monday, March 24th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $135.69.
Get Our Latest Research Report on Choice Hotels International
Choice Hotels International Price Performance
Choice Hotels International stock opened at $130.40 on Friday. The company's 50 day simple moving average is $127.06 and its 200 day simple moving average is $139.05. Choice Hotels International, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $157.86. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.90 and a beta of 1.00.
Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.04). The firm had revenue of $332.86 million for the quarter, compared to the consensus estimate of $348.52 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. As a group, analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.
Choice Hotels International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Tuesday, July 1st will be issued a $0.2875 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.88%. Choice Hotels International's dividend payout ratio (DPR) is presently 17.56%.
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.
See Also
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