KCG Holdings Inc. Purchases New Position in Choice Hotels International, Inc. (NYSE:CHH)
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%.
COPYRIGHT VIOLATION WARNING: This news story was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/07/17/kcg-holdings-inc-purchases-new-position-in-choice-hotels-international-inc-nysechh.html.
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.
Receive News & Stock Ratings for Choice Hotels International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International Inc. and related stocks with our FREE daily email newsletter.