Inceptionr LLC acquired a new stake in Choice Hotels International, Inc. (NYSE:CHH – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,287 shares of the company’s stock, valued at approximately $564,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHH. Kilter Group LLC purchased a new position in shares of Choice Hotels International during the 2nd quarter worth $25,000. Hantz Financial Services Inc. lifted its holdings in shares of Choice Hotels International by 56.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 678 shares of the company’s stock worth $73,000 after acquiring an additional 244 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Choice Hotels International during the 3rd quarter worth approximately $100,000. Claret Asset Management Corp increased its holdings in Choice Hotels International by 6.6% in the 2nd quarter. Claret Asset Management Corp now owns 1,817 shares of the company’s stock valued at $231,000 after purchasing an additional 112 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new stake in Choice Hotels International in the 3rd quarter valued at approximately $244,000. Institutional investors and hedge funds own 65.57% of the company’s stock.
Choice Hotels International Price Performance
Shares of NYSE:CHH opened at $96.07 on Wednesday. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 4.34 and a beta of 0.75. The company has a debt-to-equity ratio of 10.52, a current ratio of 0.87 and a quick ratio of 0.87. Choice Hotels International, Inc. has a 12 month low of $84.04 and a 12 month high of $144.16. The business’s 50 day simple moving average is $105.36 and its 200-day simple moving average is $102.26.
Choice Hotels International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 1.2%. Choice Hotels International’s dividend payout ratio (DPR) is presently 14.52%.
Insider Activity
In other Choice Hotels International news, SVP Simone Wu sold 8,080 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $101.56, for a total transaction of $820,604.80. Following the completion of the sale, the senior vice president directly owned 48,803 shares in the company, valued at $4,956,432.68. The trade was a 14.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 24.02% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. UBS Group decreased their price target on Choice Hotels International from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. Argus reiterated a “hold” rating on shares of Choice Hotels International in a research note on Tuesday, December 16th. Wells Fargo & Company lifted their price target on shares of Choice Hotels International from $91.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $119.00 price target on shares of Choice Hotels International in a report on Friday, February 20th. Finally, Barclays upped their target price on shares of Choice Hotels International from $98.00 to $101.00 and gave the company an “underweight” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Choice Hotels International currently has a consensus rating of “Reduce” and an average price target of $111.36.
View Our Latest Stock Report on CHH
Choice Hotels International Company Profile
Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.
Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.
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