Fenimore Asset Management Inc Grows Stake in Choice Hotels International, Inc. $CHH

Fenimore Asset Management Inc increased its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,443 shares of the company’s stock after purchasing an additional 268 shares during the period. Fenimore Asset Management Inc owned 0.38% of Choice Hotels International worth $22,641,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its holdings in shares of Choice Hotels International by 0.9% in the second quarter. DAVENPORT & Co LLC now owns 13,885 shares of the company’s stock worth $1,762,000 after buying an additional 126 shares in the last quarter. Congress Asset Management Co. increased its holdings in Choice Hotels International by 6.6% in the 2nd quarter. Congress Asset Management Co. now owns 100,792 shares of the company’s stock valued at $12,788,000 after acquiring an additional 6,223 shares during the last quarter. GAMMA Investing LLC lifted its stake in Choice Hotels International by 116.2% in the 2nd quarter. GAMMA Investing LLC now owns 413 shares of the company’s stock worth $52,000 after purchasing an additional 222 shares in the last quarter. Toth Financial Advisory Corp bought a new position in shares of Choice Hotels International during the 2nd quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Choice Hotels International by 119.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company’s stock valued at $49,000 after purchasing an additional 212 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $103.85 on Monday. The firm has a market capitalization of $4.81 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 7.50 and a beta of 0.83. The business has a 50 day simple moving average of $117.40 and a two-hundred day simple moving average of $124.21. Choice Hotels International, Inc. has a 1 year low of $103.72 and a 1 year high of $157.86.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.02. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The firm had revenue of $426.44 million for the quarter, compared to the consensus estimate of $430.13 million. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities research analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, October 1st. Choice Hotels International’s payout ratio is currently 17.69%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Choice Hotels International in a report on Saturday, September 27th. JPMorgan Chase & Co. started coverage on Choice Hotels International in a report on Monday, June 23rd. They set an “underweight” rating and a $124.00 price target for the company. Robert W. Baird decreased their price objective on Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Barclays lowered their target price on Choice Hotels International from $117.00 to $101.00 and set an “underweight” rating for the company in a research report on Friday. Finally, Morgan Stanley restated an “underweight” rating and issued a $121.00 price target on shares of Choice Hotels International in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $127.92.

Insider Activity at Choice Hotels International

In related news, EVP Dominic Dragisich sold 4,900 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $132.72, for a total value of $650,328.00. Following the transaction, the executive vice president owned 70,881 shares of the company’s stock, valued at $9,407,326.32. This trade represents a 6.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 24.02% of the company’s stock.

Choice Hotels International Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of 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.