California State Teachers Retirement System Reduces Position in Choice Hotels International Inc (CHH)

California State Teachers Retirement System decreased its stake in shares of Choice Hotels International Inc (NYSE:CHH) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,762 shares of the company’s stock after selling 5,761 shares during the quarter. California State Teachers Retirement System’s holdings in Choice Hotels International were worth $3,435,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 7.6% during the second quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after acquiring an additional 197,890 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Choice Hotels International by 7.3% during the third quarter. Macquarie Group Ltd. now owns 879,613 shares of the company’s stock worth $56,207,000 after acquiring an additional 60,156 shares during the last quarter. Markel Corp lifted its position in Choice Hotels International by 66.7% during the third quarter. Markel Corp now owns 45,000 shares of the company’s stock valued at $2,875,000 after purchasing an additional 18,000 shares during the last quarter. Citadel Advisors LLC lifted its position 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 during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Choice Hotels International by 278.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 189,188 shares of the company’s stock valued at $12,155,000 after purchasing an additional 139,148 shares during the last quarter. Hedge funds and other institutional investors own 50.76% of the company’s stock.

CHH has been the subject of several research reports. Barclays increased their price objective on shares of Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a research report on Tuesday, November 7th. SunTrust Banks reiterated a “hold” rating and set a $71.00 price objective on shares of Choice Hotels International in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research report on Tuesday, October 17th. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Finally, JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price objective for the company. in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the company’s stock. Choice Hotels International presently has a consensus rating of “Hold” and a consensus target price of $67.38.

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

Shares of Choice Hotels International Inc (NYSE CHH) opened at $79.95 on Tuesday. The stock has a market cap of $4,520.00, a PE ratio of 29.61, a PEG ratio of 2.49 and a beta of 1.17. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of -3.99. Choice Hotels International Inc has a twelve month low of $53.40 and a twelve month high of $80.05.

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

The company 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. The ex-dividend date is Friday, December 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.08%. Choice Hotels International’s dividend payout ratio (DPR) is presently 31.85%.

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Choice Hotels International Profile

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

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