Caxton Associates LP bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,900 shares of the company’s stock, valued at approximately $569,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Utah Retirement Systems raised its position in shares of Choice Hotels International by 1.7% during the second quarter. Utah Retirement Systems now owns 6,112 shares of the company’s stock worth $393,000 after acquiring an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Choice Hotels International by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock valued at $106,000 after purchasing an additional 106 shares during the last quarter. Legal & General Group Plc increased its holdings in Choice Hotels International by 1.1% in the second quarter. Legal & General Group Plc now owns 12,168 shares of the company’s stock valued at $782,000 after purchasing an additional 136 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Choice Hotels International by 10.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock valued at $104,000 after purchasing an additional 157 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in Choice Hotels International by 0.3% in the second quarter. New York State Common Retirement Fund now owns 194,800 shares of the company’s stock valued at $12,516,000 after purchasing an additional 499 shares during the last quarter. Institutional investors own 50.83% of the company’s stock.

Shares of Choice Hotels International, Inc. (NYSE:CHH) opened at $77.00 on Wednesday. Choice Hotels International, Inc. has a fifty-two week low of $53.40 and a fifty-two week high of $79.80. The stock has a market capitalization of $4,360.00, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.19 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 (NYSE:CHH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company had revenue of $295.09 million during the quarter, compared to the consensus estimate of $288.50 million. During the same period in the prior year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. sell-side analysts predict that Choice Hotels International, Inc. will post 2.89 EPS for the current fiscal year.

CHH has been the subject of a number of recent analyst reports. TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, October 17th. SunTrust Banks reiterated a “hold” rating and issued a $71.00 price objective on shares of Choice Hotels International in a report on Friday, November 10th. BidaskClub upgraded Choice Hotels International from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Finally, J P Morgan Chase & Co downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $66.71.

In other Choice Hotels International news, major shareholder Bruce Bainum sold 250,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total value of $18,512,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.01% of the stock is owned by corporate insiders.

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

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