Hussman Strategic Advisors Inc. Makes New $1.12 Million Investment in Choice Hotels International, Inc. (NYSE:CHH)

Hussman Strategic Advisors Inc. purchased a new position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,400 shares of the company's stock, valued at approximately $1,115,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Choice Hotels International during the 4th quarter worth approximately $48,201,000. Balyasny Asset Management L.P. increased its position in shares of 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 valued at $41,577,000 after acquiring an additional 120,376 shares during the last quarter. Norges Bank bought a new stake in Choice Hotels International during the fourth quarter worth about $15,354,000. Arrowstreet Capital Limited Partnership acquired a new position in Choice Hotels International during the fourth quarter valued at approximately $10,779,000. Finally, Invesco Ltd. boosted its holdings in shares of Choice Hotels International by 85.5% in the 4th 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 last quarter. Institutional investors own 65.57% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CHH. Robert W. Baird dropped their price target on shares of Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research report on Monday, May 19th. Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 target price for the company in a research note on Monday, March 24th. Truist Financial dropped their price objective on shares of 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. The Goldman Sachs Group raised Choice Hotels International from a "sell" rating to a "buy" rating and reduced their target price for the stock from $141.00 to $138.00 in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Choice Hotels International in a report on Monday, June 23rd. They set an "underweight" rating and a $124.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Choice Hotels International presently has an average rating of "Hold" and a consensus price target of $134.38.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total transaction of $642,700.00. Following the completion of the sale, the executive vice president owned 70,881 shares of the company's stock, valued at $9,111,043.74. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ervin R. Shames sold 2,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.56, for a total value of $259,120.00. Following the transaction, the director directly owned 52,212 shares in the company, valued at $6,764,586.72. This represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock worth $1,565,395 in the last ninety days. 24.02% of the stock is currently owned by corporate insiders.

Choice Hotels International Stock Up 2.7%

Shares of CHH stock traded up $3.51 during mid-day trading on Tuesday, reaching $134.33. 432,716 shares of the company's stock traded hands, compared to its average volume of 383,180. The company's 50-day moving average price is $128.51 and its 200-day moving average price is $133.85. The company has a market cap of $6.23 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.22 and a beta of 0.96. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.04). The business had revenue of $332.86 million during the quarter, compared to analysts' expectations of $348.52 million. Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. Choice Hotels International's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $1.28 EPS. Equities analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, July 1st. Choice Hotels International's payout ratio is currently 17.56%.

Choice Hotels International 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.