Dimensional Fund Advisors LP Has $63.43 Million Position in Choice Hotels International, Inc. $CHH

Key Points

• Dimensional Fund Advisors reduced its Choice Hotels stake by 2.4% in the first quarter, selling 14,979 shares but retaining 612,847 shares valued at approximately $63.43 million. Institutional investors collectively own 65.57% of the company.
• Analysts maintain a cautious outlook on CHH, with an average rating of “Reduce” and a consensus price target of $111.00. Ratings include two Buys, eight Holds, and four Sells.
• Choice Hotels reported quarterly EPS of $1.07, below the $1.35 consensus estimate, while revenue rose 2.3% year over year to $340.57 million. The company also paid a quarterly dividend of $0.2875 per share, equivalent to a 1.0% annualized yield.

Dimensional Fund Advisors LP lowered its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 612,847 shares of the company's stock after selling 14,979 shares during the quarter. Dimensional Fund Advisors LP owned about 1.35% of Choice Hotels International worth $63,426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of Choice Hotels International during the 4th quarter worth $27,000. Eagle Bay Advisors LLC acquired a new position in Choice Hotels International in the 4th quarter valued at $28,000. Fifth Third Bancorp raised its holdings in Choice Hotels International by 77.4% in the 4th quarter. Fifth Third Bancorp now owns 392 shares of the company's stock worth $37,000 after acquiring an additional 171 shares during the period. UMB Bank n.a. raised its holdings in Choice Hotels International by 6,416.7% in the 4th quarter. UMB Bank n.a. now owns 391 shares of the company's stock worth $37,000 after acquiring an additional 385 shares during the period. Finally, Quarry LP acquired a new position in Choice Hotels International during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 65.57% of the company's stock.

Insider Activity

In related news, CFO Scott E. Oaksmith sold 2,000 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer directly owned 35,172 shares in the company, valued at approximately $3,868,920. This represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 23.87% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CHH shares. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of Choice Hotels International in a report on Monday, May 4th. Barclays lifted their price objective on Choice Hotels International from $100.00 to $101.00 and gave the stock an "underweight" rating in a research note on Monday, July 20th. Truist Financial cut their price objective on Choice Hotels International from $129.00 to $128.00 and set a "buy" rating for the company in a research report on Tuesday, May 26th. Robert W. Baird set a $128.00 target price on Choice Hotels International in a research note on Monday, May 11th. Finally, Susquehanna lowered their target price on Choice Hotels International from $115.00 to $110.00 and set a "neutral" rating on the stock in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $111.00.

Choice Hotels International Stock Up 0.1%

NYSE CHH opened at $111.73 on Friday. The company has a debt-to-equity ratio of 14.58, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50-day simple moving average of $110.84 and a 200 day simple moving average of $108.28. Choice Hotels International, Inc. has a twelve month low of $84.04 and a twelve month high of $129.88. The stock has a market cap of $5.08 billion, a PE ratio of 15.06, a PEG ratio of 4.43 and a beta of 0.67.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.28). The firm had revenue of $340.57 million for the quarter, compared to the consensus estimate of $333.48 million. Choice Hotels International had a net margin of 21.55% and a return on equity of 281.98%. The company's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share. On average, research analysts forecast that Choice Hotels International, Inc. will post 7.14 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.2875 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.0%. Choice Hotels International's payout ratio is currently 15.50%.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company's core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.

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