Schwab Charles Investment Management Inc. Boosts Position in Choice Hotels International Inc (CHH)

Schwab Charles Investment Management Inc. increased its holdings in Choice Hotels International Inc (NYSE:CHH) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 168,174 shares of the company’s stock after buying an additional 10,703 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.30% of Choice Hotels International worth $10,747,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN lifted its holdings in Choice Hotels International by 95.1% during the third quarter. Wells Fargo & Company MN now owns 30,593 shares of the company’s stock valued at $1,954,000 after purchasing an additional 14,915 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Choice Hotels International by 23.3% during the third quarter. Citadel Advisors LLC now owns 410,736 shares of the company’s stock valued at $26,246,000 after purchasing an additional 77,569 shares in the last quarter. Legal & General Group Plc lifted its holdings in Choice Hotels International by 12.8% during the third quarter. Legal & General Group Plc now owns 13,721 shares of the company’s stock valued at $877,000 after purchasing an additional 1,553 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Choice Hotels International by 1.9% during the third quarter. Nordea Investment Management AB now owns 143,680 shares of the company’s stock valued at $9,181,000 after purchasing an additional 2,652 shares in the last quarter. Finally, Icon Advisers Inc. Co. purchased a new position in Choice Hotels International during the third quarter valued at approximately $275,000. 50.76% of the stock is currently owned by institutional investors.

In related news, CEO Patrick Pacious sold 11,149 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $75.78, for a total value of $844,871.22. Following the sale, the chief executive officer now owns 124,073 shares in the company, valued at $9,402,251.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bruce Bainum sold 250,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total transaction of $18,512,500.00. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by insiders.

Several equities analysts have weighed in on CHH shares. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, October 17th. SunTrust Banks reissued a “hold” rating and issued a $71.00 target price on shares of Choice Hotels International in a report on Friday, November 10th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 target price on the stock. in a report on Wednesday, December 13th. Finally, Barclays boosted their target price on shares of Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $67.38.

Choice Hotels International Inc (NYSE CHH) opened at $78.15 on Friday. Choice Hotels International Inc has a 1-year low of $53.40 and a 1-year high of $79.80. The company has a debt-to-equity ratio of -3.99, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $4,405.83, a price-to-earnings ratio of 28.94, a PEG ratio of 2.83 and a beta of 1.17.

Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.92 by $0.03. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. The firm had revenue of $295.09 million for the quarter, compared to the consensus estimate of $288.50 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. research analysts expect that Choice Hotels International Inc will post 2.89 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 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 Friday, December 29th. Choice Hotels International’s dividend payout ratio (DPR) is presently 31.85%.

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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.

Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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