MQS Management LLC Makes New $434,000 Investment in Choice Hotels International, Inc. (NYSE:CHH)

MQS Management LLC acquired a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,268 shares of the company's stock, valued at approximately $434,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHH. Louisiana State Employees Retirement System lifted its position in shares of Choice Hotels International by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company's stock worth $837,000 after purchasing an additional 100 shares in the last quarter. Diversify Wealth Management LLC increased its stake in Choice Hotels International by 34.1% during the 1st quarter. Diversify Wealth Management LLC now owns 4,425 shares of the company's stock worth $561,000 after buying an additional 1,125 shares during the period. Alps Advisors Inc. lifted its holdings in Choice Hotels International by 7.8% during the 1st quarter. Alps Advisors Inc. now owns 28,699 shares of the company's stock worth $3,811,000 after buying an additional 2,074 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Choice Hotels International in the 1st quarter valued at approximately $1,117,000. Finally, HM Payson & Co. acquired a new position in shares of Choice Hotels International in the first quarter worth $35,000. Hedge funds and other institutional investors own 65.57% of the company's stock.

Choice Hotels International Stock Down 0.4%

CHH opened at $134.21 on Monday. Choice Hotels International, Inc. has a 52 week low of $116.20 and a 52 week high of $157.86. The business's 50 day moving average is $127.78 and its two-hundred day moving average is $134.18. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

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

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.86%. Choice Hotels International's dividend payout ratio (DPR) is currently 17.56%.

Wall Street Analyst Weigh In

CHH has been the topic of several analyst reports. UBS Group reduced their price objective on Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday. Jefferies Financial Group decreased their price objective on 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. The Goldman Sachs Group raised Choice Hotels International from a "sell" rating to a "buy" rating and lowered their price objective for the stock from $141.00 to $138.00 in a research report on Monday, April 14th. Truist Financial reduced 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 report on Friday, May 30th. Finally, Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target for the company in a report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Choice Hotels International has a consensus rating of "Hold" and a consensus target price of $133.15.

Insider Buying and Selling

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 transaction of $259,120.00. Following the completion of the sale, the director directly owned 52,212 shares of the company's stock, valued at $6,764,586.72. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dominic Dragisich sold 5,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 70,881 shares in the company, valued at $9,111,043.74. This represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,000 shares of company stock worth $1,565,395. Corporate insiders own 24.02% of the company's stock.

About Choice Hotels International

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.

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