Chicago Equity Partners LLC Has $1.87 Million Position in Choice Hotels International, Inc. (CHH)
Chicago Equity Partners LLC increased its position in Choice Hotels International, Inc. (NYSE:CHH) by 31.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,280 shares of the company’s stock after acquiring an additional 6,990 shares during the quarter. Chicago Equity Partners LLC owned about 0.05% of Choice Hotels International worth $1,871,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Choice Hotels International by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after acquiring an additional 197,890 shares in the last quarter. BlackRock Inc. boosted its stake in Choice Hotels International by 2,026.0% in the 1st quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock worth $146,706,000 after purchasing an additional 2,233,299 shares during the period. Victory Capital Management Inc. boosted its stake in Choice Hotels International by 16.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock worth $73,386,000 after purchasing an additional 162,255 shares during the period. Atlanta Capital Management Co. L L C boosted its stake in Choice Hotels International by 4.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 888,607 shares of the company’s stock worth $57,093,000 after purchasing an additional 35,925 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Choice Hotels International by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 819,457 shares of the company’s stock worth $52,650,000 after purchasing an additional 30,594 shares during the period. 50.22% of the stock is owned by institutional investors.
Choice Hotels International, Inc. (NYSE:CHH) opened at $74.10 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99. The company has a market capitalization of $4,193.60, a P/E ratio of 26.37, a PEG ratio of 3.05 and a beta of 1.13. Choice Hotels International, Inc. has a 52-week low of $49.30 and a 52-week high of $76.41.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 6th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $295.09 million for the quarter, compared to the consensus estimate of $288.50 million. The firm’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. sell-side analysts predict that Choice Hotels International, Inc. will post 2.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd were given a dividend of $0.215 per share. The ex-dividend date was Friday, September 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.16%. Choice Hotels International’s dividend payout ratio is currently 31.85%.
Several research analysts have weighed in on the company. SunTrust Banks, Inc. restated a “hold” rating and issued a $71.00 price target on shares of Choice Hotels International in a research note on Friday. Barclays PLC upped their price target on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 7th. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Tuesday, October 17th. Finally, BidaskClub upgraded Choice Hotels International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $65.00.
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In related news, insider David A. Pepper sold 10,217 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $61.07, for a total transaction of $623,952.19. Following the sale, the insider now owns 79,010 shares in the company, valued at approximately $4,825,140.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bruce Bainum sold 7,977 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $62.15, for a total value of $495,770.55. The disclosure for this sale can be found here. Insiders have sold a total of 40,320 shares of company stock valued at $2,490,287 over the last quarter. Corporate 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.
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