Two Sigma Investments LP Trims Stake in Choice Hotels International, Inc. (NYSE:CHH)

Two Sigma Investments LP reduced its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,222 shares of the company's stock after selling 18,176 shares during the period. Two Sigma Investments LP owned about 0.07% of Choice Hotels International worth $4,433,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Choice Hotels International by 56.9% during the 4th quarter. Barclays PLC now owns 17,902 shares of the company's stock valued at $2,541,000 after acquiring an additional 6,493 shares during the period. Charles Schwab Investment Management Inc. increased 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 buying an additional 2,725 shares in the last quarter. Twelve Points Wealth Management LLC bought a new position in shares of Choice Hotels International in the fourth quarter worth about $879,000. OFI Invest Asset Management purchased a new position in shares of Choice Hotels International during the 4th quarter valued at about $2,258,000. Finally, Congress Asset Management Co. grew its stake in shares of Choice Hotels International by 17.3% during the 4th quarter. Congress Asset Management Co. now owns 82,131 shares of the company's stock valued at $11,661,000 after acquiring an additional 12,128 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock traded up $0.10 during trading on Friday, reaching $127.02. 468,586 shares of the stock traded hands, compared to its average volume of 392,427. Choice Hotels International, Inc. has a 52-week low of $111.62 and a 52-week high of $157.86. The business has a fifty day simple moving average of $126.78 and a two-hundred day simple moving average of $138.07. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 20.39, a P/E/G 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 (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.04). The firm had revenue of $332.86 million during 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 business's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS. On average, research analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.91%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International's dividend payout ratio is presently 17.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CHH shares. Wall Street Zen cut shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Jefferies Financial Group reduced their price objective on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Truist Financial lowered their target price on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday. Susquehanna set a $140.00 price target on Choice Hotels International and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Redburn Atlantic upgraded Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective on the stock in a research report on Monday, March 24th. 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 company's stock. According to MarketBeat, Choice Hotels International has an average rating of "Hold" and a consensus price target of $132.15.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at $4,622,821.60. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ervin R. Shames sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.56, for a total value of $259,120.00. Following the completion of the sale, the director now directly owns 52,212 shares of the company's stock, valued at $6,764,586.72. The trade was a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.78% of the stock is owned by 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.