KCG Holdings Inc. purchased a new stake in Choice Hotels International, Inc. (NYSE:CHH) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,497 shares of the company’s stock, valued at approximately $407,000.

Other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Choice Hotels International by 589.4% in the fourth quarter. Renaissance Technologies LLC now owns 201,300 shares of the company’s stock worth $11,283,000 after buying an additional 172,100 shares in the last quarter. Swiss National Bank boosted its position in shares of Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock worth $3,760,000 after buying an additional 600 shares in the last quarter. Trexquant Investment LP boosted its position in shares of Choice Hotels International by 7.9% in the first quarter. Trexquant Investment LP now owns 4,472 shares of the company’s stock worth $280,000 after buying an additional 328 shares in the last quarter. Parametrica Management Ltd acquired a new position in shares of Choice Hotels International during the first quarter worth about $222,000. Finally, Quadrature Capital Ltd boosted its position in shares of Choice Hotels International by 177.9% in the fourth quarter. Quadrature Capital Ltd now owns 16,964 shares of the company’s stock worth $952,000 after buying an additional 10,859 shares in the last quarter. 49.80% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International, Inc. (CHH) opened at 64.20 on Monday. The firm has a 50-day moving average of $64.95 and a 200-day moving average of $60.91. Choice Hotels International, Inc. has a one year low of $43.70 and a one year high of $67.80. The company has a market cap of $3.60 billion, a PE ratio of 24.64 and a beta of 1.11.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Thursday, May 4th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The business had revenue of $197.89 million for the quarter, compared to analysts’ expectations of $216.24 million. Choice Hotels International had a net margin of 16.05% and a negative return on equity of 45.12%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. On average, analysts predict that Choice Hotels International, Inc. will post $2.84 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Investors of record on Monday, July 3rd will be paid a $0.215 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.34%. Choice Hotels International’s payout ratio is currently 33.20%.

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A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Wednesday, July 5th. Morgan Stanley cut shares of Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Friday, May 5th. They noted that the move was a valuation call. Finally, Telsey Advisory Group raised their target price on shares of Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $61.00.

In related news, CEO Stephen P. Joyce sold 17,024 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $63.02, for a total value of $1,072,852.48. Following the sale, the chief executive officer now owns 176,943 shares of the company’s stock, valued at $11,150,947.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen P. Joyce sold 44,116 shares of the company’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the completion of the sale, the chief executive officer now directly owns 201,922 shares in the company, valued at approximately $12,696,855.36. The disclosure for this sale can be found here. Insiders own 22.01% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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