Choice Hotels International: Institutional Ownership and Financial PerformanceChoice Hotels International: Institutional Ownership and Financial Performance Texas Permanent School Fund Corp decreased its holdings in Choice Hotels International (NYSE:CHH) by 0.8% in the first quarter. Several other hedge funds have also adjusted their holdings in the company. Institutional Holdings Institutional investors own 65.57% of CHH’s stock. Markel Group Inc., Central Pacific Bank Trust Division, Capstone Investment Advisors LLC, Janney Montgomery Scott LLC, and BNP Paribas Financial Markets have increased their holdings in the company. Financial Performance Choice Hotels International reported earnings per share of $1.28 in the first quarter, exceeding estimates by $0.13. Revenue was $331.90 million, slightly below estimates. The company’s 50-day and 200-day moving average prices are $117.17 and $118.77, respectively. Dividend CHH has declared a quarterly dividend of $0.2875 per share, payable on July 16th. This represents an annual dividend of $1.15 and a yield of 0.90%. Insider Transactions EVP Dominic Dragisich sold 13,117 shares of CHH stock on July 12th. Following the sale, he owns 69,171 shares worth approximately $8.6 million. Insider Robert J. Mcdowell also sold 1,243 shares on May 23rd. Insiders hold 24.02% of CHH’s shares. Analyst Ratings * Baird lowered the price target to $137 and maintained an “outperform” rating. * Truist lowered the price target to $144 and maintained a “hold” rating. * Deutsche Bank lowered the price target to $112 and maintained a “hold” rating. * Barclays lowered the price target to $114 and maintained an “underweight” rating. The consensus rating for CHH is “Hold” with a consensus price target of $129.09. Company Profile Choice Hotels International franchises and manages hotels under various brands, including Comfort Inn, Quality, Clarion, Sleep Inn, and Cambria Hotels. It operates in the United States and internationally.
Texas Permanent School Fund Corp decreased its holdings in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 0.8% in the first quarter, according to the company’s most recent SEC filing. The fund owned 21,328 shares of the company’s stock after selling 172 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Choice Hotels International were worth $2,695,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CHH. Markel Group Inc. increased its holdings of Choice Hotels International by 37.4% in the first quarter. Markel Group Inc. now owns 84,500 shares of the company’s stock worth $10,677,000 after purchasing an additional 23,000 shares during the period. Central Pacific Bank Trust Division purchased a new stake in shares of Choice Hotels International during the first quarter worth approximately $574,000. Capstone Investment Advisors LLC purchased a new stake in shares of Choice Hotels International during the first quarter worth approximately $524,000. Janney Montgomery Scott LLC increased its holdings of Choice Hotels International by 8.4% in the first quarter. Janney Montgomery Scott LLC now owns 41,193 shares of the company’s stock worth $5,205,000 after purchasing an additional 3,201 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Choice Hotels International by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after purchasing an additional 8,485 shares during the period. Institutional investors own 65.57% of the company’s stock.
Choice Hotels International Price Performance
NYSE CHH opened at $128.06 on Tuesday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. The stock’s 50-day moving average price is $117.17 and its 200-day moving average price is $118.77. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $136.02. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 27.48, a PEG ratio of 2.16 and a beta of 1.23.
Choice Hotels International (NYSE:CHH – Get Free Report) last released its earnings results on Wednesday, May 8. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.13. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The company had revenue of $331.90 million for the quarter, compared to the consensus estimate of $343.04 million. In the prior-year period, the company earned $1.12 EPS. The company’s revenue decreased 0.6% year-over-year. As a group, equities research analysts predict that Choice Hotels International, Inc. will post 6.44 EPS for the current year.
Choice Hotels International announces dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will receive a dividend of $0.2875 per share. This represents an annual dividend of $1.15 and a yield of 0.90%. The ex-dividend date for this dividend is Monday, July 1st. Choice Hotels International’s dividend payout ratio currently stands at 24.68%.
Insiders place their bets
In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the sale, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available through the SEC website. In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the sale, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available on the SEC’s website. Also, insider Robert J. Mcdowell sold 1,243 shares of the company’s stock in a transaction dated Thursday, May 23. The stock was sold at an average price of $117.58, for a total value of $146,151.94. Following the sale, the insider now directly owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The disclosure for this sale can be found here . 24.02% of the shares are held by insiders.
Changes in analyst ratings
A number of analysts have recently issued reports on the company. Robert W. Baird lowered their price target on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Truist Financial lowered their price target on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Susquehanna initiated coverage on Choice Hotels International in a report on Friday, June 21st. They set a “neutral” rating and a $125.00 price target on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Finally, Barclays lowered their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $129.09.
View our latest stock analysis on CHH
Company Profile Choice Hotels International
(Free Report)
Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through the Hotel Franchising & Management and Corporate & Other segments. The company franchises properties under the 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 brands.
Featured Stories
Want to know which other hedge funds own CHH? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Choice Hotels International, Inc. (NYSE:CHH – Free Report).
Receive daily news and reviews for Choice Hotels International – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings on Choice Hotels International and related companies with MarketBeat.com’s FREE daily email newsletter.
