Quantinno Capital Management LP Acquires 6,124 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Quantinno Capital Management LP boosted its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 216.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,947 shares of the company's stock after purchasing an additional 6,124 shares during the quarter. Quantinno Capital Management LP's holdings in Choice Hotels International were worth $1,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its position in Choice Hotels International by 56.9% during the 4th quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after acquiring an additional 6,493 shares during the period. Charles Schwab Investment Management Inc. grew its position in Choice Hotels International by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock valued at $39,634,000 after buying an additional 2,725 shares in the last quarter. Twelve Points Wealth Management LLC bought a new position in Choice Hotels International in the 4th quarter valued at about $879,000. OFI Invest Asset Management acquired a new position in shares of Choice Hotels International during the fourth quarter valued at approximately $2,258,000. Finally, Congress Asset Management Co. increased its position 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 purchasing an additional 12,128 shares during the period. 65.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays lowered 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 research note on Tuesday, April 22nd. The Goldman Sachs Group upgraded Choice Hotels International from a "sell" rating to a "buy" rating and cut their price objective for the company from $141.00 to $138.00 in a research report on Monday, April 14th. Wall Street Zen lowered Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Truist Financial lifted their target price on Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a report on Friday, March 21st. Finally, Redburn Atlantic raised Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 target price 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 given a buy rating to the stock. According to MarketBeat.com, Choice Hotels International currently has an average rating of "Hold" and a consensus price target of $133.38.

Choice Hotels International Stock Performance

Shares of CHH stock traded down $0.10 on Wednesday, reaching $130.67. 34,485 shares of the company's stock traded hands, compared to its average volume of 421,439. The company has a market capitalization of $6.06 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86. The business's 50 day moving average price is $126.97 and its two-hundred day moving average price is $138.46.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its earnings results 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 business had revenue of $332.86 million for the quarter, compared to analysts' expectations of $348.52 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The company's revenue was up .3% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. Research analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International's payout ratio is presently 17.56%.

Insider Buying and Selling at Choice Hotels International

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

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.