California Public Employees Retirement System decreased its holdings in Choice Hotels International Inc (NYSE:CHH) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,497 shares of the company’s stock after selling 7,477 shares during the quarter. California Public Employees Retirement System owned 0.11% of Choice Hotels International worth $4,259,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can boosted its position in Choice Hotels International by 18.3% during the third quarter. Bank of Montreal Can now owns 5,173 shares of the company’s stock worth $431,000 after acquiring an additional 800 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Choice Hotels International by 8.5% in the 3rd quarter. Wells Fargo & Company MN now owns 51,705 shares of the company’s stock valued at $4,306,000 after acquiring an additional 4,056 shares during the period. Keybank National Association OH raised its stake in shares of Choice Hotels International by 17.2% in the 3rd quarter. Keybank National Association OH now owns 21,075 shares of the company’s stock valued at $1,756,000 after acquiring an additional 3,100 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Choice Hotels International in the 3rd quarter valued at $355,000. Finally, Bank of New York Mellon Corp increased its stake in Choice Hotels International by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 212,175 shares of the company’s stock worth $17,675,000 after buying an additional 1,925 shares during the period. Institutional investors own 58.02% of the company’s stock.
In other news, insider David A. Pepper sold 7,655 shares of Choice Hotels International stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $79.76, for a total value of $610,562.80. Following the completion of the transaction, the insider now directly owns 90,483 shares of the company’s stock, valued at approximately $7,216,924.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Patrick Cimerola sold 6,410 shares of Choice Hotels International stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $77.72, for a total transaction of $498,185.20. Following the completion of the transaction, the insider now directly owns 17,216 shares of the company’s stock, valued at $1,338,027.52. The disclosure for this sale can be found here. Insiders own 24.38% of the company’s stock.
CHH opened at $77.84 on Friday. Choice Hotels International Inc has a 1-year low of $66.71 and a 1-year high of $85.03. The stock has a market capitalization of $4.33 billion, a PE ratio of 20.01, a P/E/G ratio of 2.29 and a beta of 1.10.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Friday, February 15th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.04. Choice Hotels International had a net margin of 20.78% and a negative return on equity of 108.64%. The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $261.58 million. During the same period in the previous year, the business posted $0.63 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts forecast that Choice Hotels International Inc will post 4.11 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.11%.
Several equities research analysts recently issued reports on CHH shares. Deutsche Bank reaffirmed a “hold” rating and set a $76.00 price target on shares of Choice Hotels International in a research note on Sunday, February 17th. SunTrust Banks boosted their target price on shares of Choice Hotels International from $80.00 to $87.00 and gave the stock a “hold” rating in a research report on Tuesday, February 19th. Wells Fargo & Co reissued a “hold” rating on shares of Choice Hotels International in a research report on Tuesday, December 11th. Morgan Stanley set a $74.00 target price on shares of Choice Hotels International and gave the stock a “hold” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $81.38.
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About Choice Hotels International
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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