Redwood Investment Management LLC Makes New Investment in Choice Hotels International, Inc. (NYSE:CHH)

Redwood Investment Management LLC bought a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 36,084 shares of the company's stock, valued at approximately $5,123,000. Choice Hotels International comprises approximately 0.5% of Redwood Investment Management LLC's portfolio, making the stock its 28th biggest position. Redwood Investment Management LLC owned about 0.08% of Choice Hotels International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quantinno Capital Management LP lifted its holdings in Choice Hotels International by 216.9% in the fourth quarter. Quantinno Capital Management LP now owns 8,947 shares of the company's stock valued at $1,270,000 after acquiring an additional 6,124 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Choice Hotels International in the 4th quarter valued at $421,000. Occudo Quantitative Strategies LP grew its holdings in shares of Choice Hotels International by 3.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company's stock worth $435,000 after purchasing an additional 95 shares during the period. LRT Capital Management LLC increased its position in shares of Choice Hotels International by 77.8% during the 4th quarter. LRT Capital Management LLC now owns 8,019 shares of the company's stock worth $1,139,000 after purchasing an additional 3,508 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in Choice Hotels International by 7.7% in the 4th quarter. Janus Henderson Group PLC now owns 12,577 shares of the company's stock valued at $1,788,000 after buying an additional 900 shares during the period. 65.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 24.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CHH. Jefferies Financial Group cut their target price on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Susquehanna raised their target price on Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Truist Financial boosted their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a research note on Friday, March 21st. Barclays lowered their price objective on shares of 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. Finally, Wells Fargo & Company reduced their target price on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a report on Tuesday, March 4th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $135.69.

Choice Hotels International Trading Up 0.4%

Shares of CHH stock opened at $126.78 on Thursday. The company has a market cap of $5.88 billion, a P/E ratio of 20.35, a PEG ratio of 1.90 and a beta of 1.00. The firm has a fifty day moving average price of $127.44 and a 200 day moving average price of $139.21. Choice Hotels International, Inc. has a 12 month low of $109.22 and a 12 month high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $332.86 million during the quarter, compared to analysts' expectations of $348.52 million. During the same quarter in the previous year, the company posted $1.28 EPS. The company's revenue was up .3% compared to the same quarter last year. On average, equities analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.91%. Choice Hotels International's dividend payout ratio (DPR) is currently 17.56%.

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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