Nomura Holdings Inc. acquired a new position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,964 shares of the company's stock, valued at approximately $421,000.
A number of other institutional investors also recently made changes to their positions in CHH. Raymond James Financial Inc. bought a new stake in shares of Choice Hotels International during the fourth quarter worth approximately $48,201,000. Balyasny Asset Management L.P. boosted its holdings in shares of Choice Hotels International by 69.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock worth $41,577,000 after acquiring an additional 120,376 shares during the period. Norges Bank bought a new stake in shares of Choice Hotels International during the fourth quarter worth approximately $15,354,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Choice Hotels International during the fourth quarter worth approximately $10,779,000. Finally, Invesco Ltd. boosted its holdings in shares of Choice Hotels International by 85.5% during the fourth quarter. Invesco Ltd. now owns 134,188 shares of the company's stock worth $19,052,000 after acquiring an additional 61,849 shares during the period. Institutional investors own 65.57% of the company's stock.
Choice Hotels International Price Performance
CHH traded up $2.40 during trading on Tuesday, hitting $130.74. 352,798 shares of the stock traded hands, compared to its average volume of 394,441. Choice Hotels International, Inc. has a twelve month low of $109.22 and a twelve month high of $157.86. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.90 and a beta of 1.00. The business has a 50 day moving average price of $126.97 and a 200 day moving average price of $138.46.
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). Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The firm had revenue of $332.86 million for the quarter, compared to analyst estimates of $348.52 million. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The firm's revenue for the quarter was up .3% on a year-over-year basis. On average, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. The ex-dividend date is Tuesday, July 1st. This represents a $1.15 annualized dividend and a yield of 0.88%. Choice Hotels International's dividend payout ratio is currently 17.56%.
Insider Buying and Selling at Choice Hotels International
In related news, Director Ervin R. Shames sold 2,000 shares of the firm's 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 sale, the director now owns 52,212 shares of the company's stock, valued at $6,764,586.72. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the sale, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Company insiders own 23.78% of the company's stock.
Analyst Ratings Changes
CHH has been the subject of several recent research reports. Barclays cut their price target on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird cut their price target on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating for the company in a research note on Monday, May 19th. Truist Financial boosted their price target on Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a research note on Friday, March 21st. The Goldman Sachs Group upgraded Choice Hotels International from a "sell" rating to a "buy" rating and cut their price target for the company from $141.00 to $138.00 in a research note on Monday, April 14th. Finally, Morgan Stanley cut their price target on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $133.38.
Get Our Latest Stock Report on Choice Hotels International
About Choice Hotels International
(
Free Report)
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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