Tudor Investment Corp ET AL trimmed its stake in shares of Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 61.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,049 shares of the company’s stock after selling 146,063 shares during the period. Tudor Investment Corp ET AL owned about 0.20% of Choice Hotels International worth $9,734,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Bamco Inc. NY raised its holdings in Choice Hotels International by 7.4% during the third quarter. Bamco Inc. NY now owns 5,359,896 shares of the company’s stock worth $573,026,000 after purchasing an additional 369,244 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Choice Hotels International by 8.4% in the third quarter. Boston Trust Walden Corp now owns 1,046,784 shares of the company’s stock valued at $111,912,000 after purchasing an additional 81,132 shares during the last quarter. Rock Creek Group LP grew its holdings in Choice Hotels International by 52.3% in the second quarter. Rock Creek Group LP now owns 811,579 shares of the company’s stock valued at $102,973,000 after purchasing an additional 278,715 shares during the last quarter. Bank of America Corp DE increased its position in shares of Choice Hotels International by 5.3% in the second quarter. Bank of America Corp DE now owns 428,285 shares of the company’s stock valued at $54,341,000 after buying an additional 21,631 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Choice Hotels International by 1.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 403,720 shares of the company’s stock worth $51,224,000 after buying an additional 4,425 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.
Choice Hotels International Trading Down 1.7%
Choice Hotels International stock opened at $97.85 on Monday. The stock has a 50-day moving average price of $104.83 and a 200 day moving average price of $101.05. Choice Hotels International, Inc. has a 52 week low of $84.04 and a 52 week high of $136.45. The stock has a market cap of $4.50 billion, a PE ratio of 12.35, a P/E/G ratio of 4.34 and a beta of 0.75. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 10.52.
Choice Hotels International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Choice Hotels International’s payout ratio is presently 14.52%.
Insider Activity at Choice Hotels International
In other Choice Hotels International news, SVP Simone Wu sold 8,080 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $101.56, for a total value of $820,604.80. Following the completion of the transaction, the senior vice president directly owned 48,803 shares in the company, valued at approximately $4,956,432.68. The trade was a 14.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott E. Oaksmith sold 1,603 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $100.00, for a total value of $160,300.00. Following the transaction, the chief financial officer directly owned 37,172 shares in the company, valued at approximately $3,717,200. This represents a 4.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 10,283 shares of company stock valued at $1,040,947 over the last ninety days. 24.02% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently commented on CHH. Argus reiterated a “hold” rating on shares of Choice Hotels International in a research report on Tuesday, December 16th. Susquehanna cut their target price on shares of Choice Hotels International from $140.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $119.00 price target on shares of Choice Hotels International in a report on Friday, February 20th. Weiss Ratings upgraded shares of Choice Hotels International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. Finally, The Goldman Sachs Group raised their price objective on shares of Choice Hotels International from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $111.36.
Read Our Latest Research Report on Choice Hotels International
Choice Hotels International Company Profile
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.
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