Pacer Advisors Inc. Invests $1.04 Million in Choice Hotels International, Inc. $CHH

Pacer Advisors Inc. acquired a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 9,696 shares of the company’s stock, valued at approximately $1,037,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC acquired a new position in Choice Hotels International during the first quarter worth $49,799,000. Bamco Inc. NY raised its holdings in shares of Choice Hotels International by 6.8% in the 2nd quarter. Bamco Inc. NY now owns 4,990,652 shares of the company’s stock valued at $633,214,000 after buying an additional 317,618 shares during the period. Rock Creek Group LP lifted its stake in Choice Hotels International by 52.3% during the 2nd quarter. Rock Creek Group LP now owns 811,579 shares of the company’s stock worth $102,973,000 after acquiring an additional 278,715 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Choice Hotels International by 194.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 237,097 shares of the company’s stock valued at $30,083,000 after acquiring an additional 156,666 shares during the period. Finally, Balyasny Asset Management L.P. boosted its holdings in Choice Hotels International by 57.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 315,969 shares of the company’s stock valued at $40,090,000 after acquiring an additional 115,472 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Truist Financial cut their price target on shares of Choice Hotels International from $128.00 to $111.00 and set a “hold” rating on the stock in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Choice Hotels International in a research note on Thursday, October 30th. Morgan Stanley reduced their target price on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a report on Wednesday, October 22nd. Jefferies Financial Group upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating in a research note on Friday, December 12th. Finally, Argus reaffirmed a “hold” rating on shares of Choice Hotels International in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $106.15.

Choice Hotels International Stock Up 0.9%

Shares of Choice Hotels International stock opened at $96.10 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 12.81. Choice Hotels International, Inc. has a 52-week low of $84.04 and a 52-week high of $157.86. The company has a market capitalization of $4.45 billion, a P/E ratio of 11.81, a P/E/G ratio of 7.54 and a beta of 0.79. The company has a 50 day moving average of $93.00 and a 200 day moving average of $109.63.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). The firm had revenue of $278.00 million during the quarter, compared to analyst estimates of $419.75 million. Choice Hotels International had a net margin of 23.93% and a return on equity of 9,081.29%. Choice Hotels International’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.23 earnings per share. Choice Hotels International has set its FY 2025 guidance at 6.820-7.050 EPS. As a group, research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, January 2nd. Choice Hotels International’s dividend payout ratio is currently 14.13%.

About Choice Hotels International

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.