Legal & General Group Plc increased its stake in Choice Hotels International, Inc. (NYSE:CHH) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,168 shares of the company’s stock after acquiring an additional 136 shares during the quarter. Legal & General Group Plc’s holdings in Choice Hotels International were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHH. Russell Investments Group Ltd. boosted its holdings in Choice Hotels International by 43.0% in the first quarter. Russell Investments Group Ltd. now owns 3,281 shares of the company’s stock valued at $205,000 after acquiring an additional 986 shares during the last quarter. Bank of New York Mellon Corp increased its position in Choice Hotels International by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 213,282 shares of the company’s stock valued at $13,351,000 after purchasing an additional 9,400 shares during the period. Swiss National Bank increased its position in Choice Hotels International by 1.0% during the 1st quarter. Swiss National Bank now owns 60,067 shares of the company’s stock valued at $3,760,000 after purchasing an additional 600 shares during the period. UBS Asset Management Americas Inc. increased its position in Choice Hotels International by 16.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,845 shares of the company’s stock valued at $1,555,000 after purchasing an additional 3,563 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Choice Hotels International during the 1st quarter valued at approximately $428,000. 50.26% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Legal & General Group Plc Has $782,000 Stake in Choice Hotels International, Inc. (CHH)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and reposted in violation of US and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/04/legal-general-group-plc-has-782000-stake-in-choice-hotels-international-inc-chh.html.

Shares of Choice Hotels International, Inc. (NYSE:CHH) opened at 63.85 on Wednesday. The firm has a market cap of $3.58 billion, a PE ratio of 23.59 and a beta of 1.12. The company’s 50-day moving average price is $61.77 and its 200 day moving average price is $63.28. Choice Hotels International, Inc. has a 1-year low of $43.70 and a 1-year high of $67.80.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The company had revenue of $276.80 million for the quarter, compared to analysts’ expectations of $254.68 million. During the same period last year, the firm earned $0.71 earnings per share. Choice Hotels International’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts predict that Choice Hotels International, Inc. will post $2.85 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, September 29th. Choice Hotels International’s dividend payout ratio (DPR) is currently 31.85%.

CHH has been the subject of several analyst reports. Barclays PLC restated an “underweight” rating and set a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Deutsche Bank AG dropped their price target on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $62.57.

In other news, CEO Stephen P. Joyce sold 44,116 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $62.88, for a total transaction of $2,774,014.08. Following the transaction, the chief executive officer now directly owns 201,922 shares of the company’s stock, valued at $12,696,855.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen P. Joyce sold 17,024 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 176,943 shares in the company, valued at $11,150,947.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,460 shares of company stock valued at $6,337,153. Company 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)

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.