GAMMA Investing LLC Buys 25,191 Shares of Choice Hotels International, Inc. (NYSE:CHH)

GAMMA Investing LLC grew its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 14,818.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,361 shares of the company's stock after buying an additional 25,191 shares during the quarter. GAMMA Investing LLC owned approximately 0.05% of Choice Hotels International worth $3,367,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHH. Raymond James Financial Inc. acquired a new stake in shares of Choice Hotels International during the 4th quarter valued at $48,201,000. Balyasny Asset Management L.P. increased its holdings in Choice Hotels International by 69.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock worth $41,577,000 after purchasing an additional 120,376 shares in the last quarter. Norges Bank bought a new stake in shares of Choice Hotels International during the fourth quarter worth about $15,354,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Choice Hotels International during the fourth quarter worth about $10,779,000. Finally, Invesco Ltd. increased its stake in shares of Choice Hotels International by 85.5% in the fourth quarter. Invesco Ltd. now owns 134,188 shares of the company's stock valued at $19,052,000 after buying an additional 61,849 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Choice Hotels International

In related news, Director Ervin R. Shames sold 2,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.56, for a total value of $259,120.00. Following the transaction, the director now directly owns 52,212 shares in the company, valued at $6,764,586.72. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 23.78% of the company's stock.

Choice Hotels International Stock Performance

Shares of CHH stock traded down $3.83 during trading hours on Friday, hitting $124.36. 485,984 shares of the company were exchanged, compared to its average volume of 392,266. The firm has a market cap of $5.77 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.90 and a beta of 0.97. Choice Hotels International, Inc. has a fifty-two week low of $114.58 and a fifty-two week high of $157.86. The company has a 50 day simple moving average of $126.53 and a two-hundred day simple moving average of $136.66.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.04). The company had revenue of $332.86 million for the quarter, compared to analyst estimates 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 quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS. As a group, sell-side analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Tuesday, July 1st. Choice Hotels International's dividend payout ratio (DPR) is 17.56%.

Wall Street Analysts Forecast Growth

CHH has been the subject of several recent research reports. Truist Financial lowered their price objective on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a research note on Friday, May 30th. Wall Street Zen cut shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Wells Fargo & Company decreased their price target on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research report on Tuesday, March 4th. Robert W. Baird decreased their price target on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating for the company in a research report on Monday, May 19th. Finally, Susquehanna set a $140.00 price target on shares of Choice Hotels International and gave the company a "neutral" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $132.15.

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.