Teacher Retirement System of Texas Acquires New Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Teacher Retirement System of Texas purchased a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,116 shares of the company's stock, valued at approximately $547,000.

A number of other large investors have also recently made changes to their positions in CHH. Raymond James Financial Inc. bought a new stake in Choice Hotels International during the fourth quarter valued at approximately $48,201,000. Balyasny Asset Management L.P. grew its position in 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 valued at $41,577,000 after buying an additional 120,376 shares during the period. Norges Bank bought a new stake in Choice Hotels International during the fourth quarter valued at approximately $15,354,000. Arrowstreet Capital Limited Partnership bought a new stake in Choice Hotels International during the fourth quarter valued at approximately $10,779,000. Finally, Invesco Ltd. grew its position in Choice Hotels International by 85.5% during 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.

Insider Buying and Selling

In related news, EVP Dominic Dragisich sold 4,900 shares of Choice Hotels International stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $132.72, for a total value of $650,328.00. Following the sale, the executive vice president owned 70,881 shares of the company's stock, valued at approximately $9,407,326.32. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction on Monday, May 19th. The shares were 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 in the company, valued at $6,764,586.72. This represents a 3.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,000 shares of company stock worth $1,565,395 in the last ninety days. Corporate insiders own 23.78% of the company's stock.

Choice Hotels International Stock Up 0.1%

Shares of Choice Hotels International stock traded up $0.15 during midday trading on Friday, hitting $131.28. The company had a trading volume of 301,106 shares, compared to its average volume of 383,295. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.22 and a beta of 0.96. The company has a fifty day simple moving average of $128.51 and a 200 day simple moving average of $133.90. 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The business had revenue of $332.86 million for the quarter, compared to analysts' expectations of $348.52 million. During the same period in the prior year, the business posted $1.28 earnings per share. The business's quarterly revenue was up .3% compared to the same quarter last year. As a group, analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 16th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.88%. Choice Hotels International's payout ratio is 17.56%.

Wall Street Analysts Forecast Growth

CHH has been the topic of a number of recent research reports. UBS Group decreased their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Redburn Atlantic raised shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target on the stock in a research note on Monday, March 24th. Susquehanna set a $140.00 price target on shares of Choice Hotels International and gave the company a "neutral" rating in a research note on Friday, May 16th. The Goldman Sachs Group raised shares of Choice Hotels International from a "sell" rating to a "buy" rating and decreased their price target for the company from $141.00 to $138.00 in a research note on Monday, April 14th. Finally, Truist Financial decreased their price target on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $134.38.

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.