Louisiana State Employees Retirement System Buys Shares of 7,000 Choice Hotels International, Inc. (NYSE:CHH)

Louisiana State Employees Retirement System bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,000 shares of the company's stock, valued at approximately $793,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHH. Morgan Stanley boosted its holdings in Choice Hotels International by 7.0% during the third quarter. Morgan Stanley now owns 3,177,681 shares of the company's stock worth $389,298,000 after buying an additional 207,019 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Choice Hotels International by 4.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company's stock valued at $264,871,000 after purchasing an additional 91,351 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Choice Hotels International by 47.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 221,477 shares of the company's stock valued at $27,133,000 after purchasing an additional 71,398 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new position in shares of Choice Hotels International during the 3rd quarter valued at about $4,848,000. Finally, Tudor Investment Corp Et Al lifted its stake in Choice Hotels International by 34.5% in the 3rd quarter. Tudor Investment Corp Et Al now owns 126,409 shares of the company's stock valued at $15,486,000 after acquiring an additional 32,456 shares in the last quarter. Institutional investors own 65.57% of the company's stock.

Choice Hotels International Stock Up 0.1 %

Shares of Choice Hotels International stock traded up $0.10 on Friday, reaching $119.05. 566,496 shares of the company were exchanged, compared to its average volume of 552,210. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $136.02. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 1.93 and a beta of 1.21. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. The company has a 50-day moving average of $120.76 and a 200 day moving average of $117.20.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.09. The company had revenue of $358.40 million for the quarter, compared to analysts' expectations of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The business's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 EPS. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 6.46 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, April 1st. Choice Hotels International's payout ratio is presently 22.73%.

Analyst Upgrades and Downgrades

CHH has been the topic of several research reports. Robert W. Baird cut their target price on Choice Hotels International from $140.00 to $137.00 and set an "outperform" rating on the stock in a research note on Wednesday. Truist Financial boosted their target price on Choice Hotels International from $142.00 to $146.00 and gave the company a "hold" rating in a research note on Thursday, March 14th. Jefferies Financial Group upgraded Choice Hotels International from an "underperform" rating to a "buy" rating and boosted their target price for the company from $96.00 to $156.00 in a research note on Monday, March 11th. StockNews.com cut Choice Hotels International from a "hold" rating to a "sell" rating in a research note on Wednesday, February 21st. Finally, Barclays cut their target price on Choice Hotels International from $122.00 to $114.00 and set an "underweight" rating on the stock in a research note on Friday, April 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $130.80.

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.