Voya Investment Management LLC boosted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,873 shares of the company’s stock after buying an additional 662 shares during the quarter. Voya Investment Management LLC’s holdings in Choice Hotels International were worth $827,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Choice Hotels International by 10.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock valued at $104,000 after buying an additional 157 shares during the period. Quantbot Technologies LP purchased a new position in Choice Hotels International during the second quarter valued at approximately $108,000. Huntington National Bank increased its holdings in Choice Hotels International by 4.7% during the second quarter. Huntington National Bank now owns 2,709 shares of the company’s stock valued at $174,000 after buying an additional 121 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in Choice Hotels International during the second quarter valued at approximately $210,000. Finally, Russell Investments Group Ltd. increased its holdings in Choice Hotels International by 43.0% during the first quarter. Russell Investments Group Ltd. now owns 3,281 shares of the company’s stock valued at $205,000 after buying an additional 986 shares during the period. 50.14% of the stock is currently owned by institutional investors.
Shares of Choice Hotels International, Inc. (CHH) opened at 69.90 on Monday. The firm has a 50-day moving average of $64.96 and a 200 day moving average of $63.88. Choice Hotels International, Inc. has a 52 week low of $45.55 and a 52 week high of $70.00. The firm has a market capitalization of $3.92 billion, a P/E ratio of 25.82 and a beta of 1.12.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. Choice Hotels International had a net margin of 16.11% and a negative return on equity of 51.30%. The company had revenue of $276.80 million for the quarter, compared to the consensus estimate of $254.68 million. During the same period in the prior year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. On average, equities research analysts expect that Choice Hotels International, Inc. will post $2.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 17th. Shareholders of record on Monday, October 2nd were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Friday, September 29th. Choice Hotels International’s dividend payout ratio is presently 31.85%.
Several equities analysts recently issued reports on CHH shares. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Wednesday, July 5th. BidaskClub lowered shares of Choice Hotels International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG cut their price objective on shares of Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a report on Thursday, August 3rd. Barclays PLC reissued an “underweight” rating and set a $60.00 price objective (down from $61.00) on shares of Choice Hotels International in a report on Friday, August 4th. Finally, TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $63.14.
In other Choice Hotels International news, insider David A. Pepper sold 1,071 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $61.09, for a total value of $65,427.39. Following the sale, the insider now directly owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Bruce Bainum sold 20,770 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $62.00, for a total transaction of $1,287,740.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,320 shares of company stock worth $2,490,287. Insiders own 22.01% of the company’s stock.
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About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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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