International Assets Investment Management LLC Makes New Investment in Choice Hotels International, Inc. (NYSE:CHH)

International Assets Investment Management LLC bought a new stake in Choice Hotels International, Inc. (NYSE:CHH) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,187 shares of the company’s stock, valued at approximately $24,000,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHH. Fifth Third Bancorp raised its position in Choice Hotels International by 42.2% during the third quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock valued at $69,000 after purchasing an additional 168 shares in the last quarter. Signaturefd LLC lifted its position in shares of Choice Hotels International by 143.5% during the 3rd quarter. Signaturefd LLC now owns 577 shares of the company’s stock worth $71,000 after buying an additional 340 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Choice Hotels International during the 3rd quarter worth $200,000. Axxcess Wealth Management LLC acquired a new stake in Choice Hotels International in the third quarter valued at about $203,000. Finally, Quadrature Capital Ltd bought a new position in Choice Hotels International in the third quarter valued at about $215,000. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

Choice Hotels International stock opened at $120.70 on Friday. The stock’s 50 day moving average is $121.27 and its 200 day moving average is $117.09. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $136.02. The firm has a market cap of $6.00 billion, a P/E ratio of 23.85, a P/E/G ratio of 1.95 and a beta of 1.21. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS 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 for the quarter, compared to analyst estimates of $369.44 million. During the same period in the prior year, the firm posted $1.26 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, research analysts expect that Choice Hotels International, Inc. will post 6.46 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.95%. Choice Hotels International’s dividend payout ratio is currently 22.73%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Truist Financial boosted their target price on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Robert W. Baird dropped their price target on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Barclays reduced their price objective on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, April 19th. Finally, Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and increased their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $130.80.

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.