International Assets Investment Management LLC Makes New $24 Million Investment in Choice Hotels International, Inc. (NYSE:CHH)

International Assets Investment Management LLC bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 21,187 shares of the company's stock, valued at approximately $24,000,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Choice Hotels International by 4.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company's stock valued at $264,871,000 after acquiring an additional 91,351 shares during the last quarter. Jump Financial LLC increased its position in shares of Choice Hotels International by 144.9% in the third quarter. Jump Financial LLC now owns 33,207 shares of the company's stock valued at $4,068,000 after acquiring an additional 19,649 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Choice Hotels International in the third quarter valued at about $1,117,000. UBS Group AG increased its position in shares of Choice Hotels International by 34.7% in the third quarter. UBS Group AG now owns 39,539 shares of the company's stock valued at $4,844,000 after acquiring an additional 10,193 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Choice Hotels International by 47.6% in the third quarter. Envestnet Asset Management Inc. now owns 221,477 shares of the company's stock valued at $27,133,000 after acquiring an additional 71,398 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CHH. Jefferies Financial Group raised Choice Hotels International from an "underperform" rating to a "buy" rating and lifted their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Robert W. Baird lowered their price target on Choice Hotels International from $140.00 to $137.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 24th. Barclays lowered their price target on Choice Hotels International from $122.00 to $114.00 and set an "underweight" rating on the stock in a research report on Friday, April 19th. Truist Financial boosted their price target on Choice Hotels International from $142.00 to $146.00 and gave the stock a "hold" rating in a research report on Thursday, March 14th. Finally, StockNews.com downgraded Choice Hotels International from a "hold" rating to a "sell" rating in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Choice Hotels International presently has an average rating of "Hold" and a consensus target price of $130.80.

Choice Hotels International Stock Performance

Shares of NYSE:CHH traded up $0.69 during trading on Friday, reaching $120.70. 538,891 shares of the stock were exchanged, compared to its average volume of 584,887. 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 firm has a market cap of $6.00 billion, a PE ratio of 23.85, a PEG ratio of 1.96 and a beta of 1.21. The stock has a 50-day moving average price of $121.27 and a 200-day moving average price of $117.10. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $136.02.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.09. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The business had revenue of $358.40 million during the quarter, compared to analysts' expectations of $369.44 million. During the same period in the previous year, the company posted $1.26 earnings per share. The firm's revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts expect that Choice Hotels International, Inc. will post 6.46 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Monday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.95%. Choice Hotels International's dividend payout ratio (DPR) is presently 22.73%.

Choice Hotels International Company 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.