Duality Advisers LP Buys 11,078 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Duality Advisers LP grew its stake in Choice Hotels International, Inc. (NYSE:CHH) by 50.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,954 shares of the company’s stock after acquiring an additional 11,078 shares during the quarter. Duality Advisers LP owned 0.07% of Choice Hotels International worth $3,734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHH. Morgan Stanley grew its position in shares of Choice Hotels International by 7.0% during the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock worth $389,298,000 after purchasing an additional 207,019 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Choice Hotels International by 4.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after purchasing an additional 91,351 shares during the period. Boston Trust Walden Corp increased its holdings in Choice Hotels International by 8.3% during the 3rd quarter. Boston Trust Walden Corp now owns 1,015,844 shares of the company’s stock worth $124,451,000 after purchasing an additional 78,115 shares during the period. Envestnet Asset Management Inc. increased its holdings in Choice Hotels International by 47.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 221,477 shares of the company’s stock worth $27,133,000 after purchasing an additional 71,398 shares during the period. Finally, Savoir Faire Capital Management L.P. purchased a new position in shares of Choice Hotels International in the 3rd quarter valued at $4,848,000. 65.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CHH shares. StockNews.com downgraded Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Barclays cut their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday. Truist Financial lifted their price target on Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $96.00 to $156.00 in a research note on Monday, March 11th. Finally, Robert W. Baird restated an “outperform” rating and issued a $138.00 price target on shares of Choice Hotels International in a research report on Monday, January 22nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and a consensus price target of $130.90.

Choice Hotels International Stock Up 0.5 %

Shares of Choice Hotels International stock opened at $116.91 on Tuesday. The company has a fifty day moving average price of $120.72 and a 200 day moving average price of $117.26. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $136.02. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The company had revenue of $358.40 million during the quarter, compared to analysts’ expectations of $369.44 million. During the same period in the prior year, the company posted $1.26 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts forecast that Choice Hotels International, Inc. will post 6.45 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. The ex-dividend date was Monday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.98%. Choice Hotels International’s payout ratio is 22.73%.

Choice Hotels International Profile

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.