Macquarie Group Ltd. Increases Position in Choice Hotels International, Inc. (CHH)
Macquarie Group Ltd. boosted its position in Choice Hotels International, Inc. (NYSE:CHH) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 819,457 shares of the company’s stock after acquiring an additional 30,594 shares during the period. Macquarie Group Ltd. owned 1.46% of Choice Hotels International worth $52,650,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in CHH. BlackRock Inc. raised its stake in Choice Hotels International by 2,026.0% in the 1st quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock valued at $146,706,000 after acquiring an additional 2,233,299 shares during the period. Renaissance Technologies LLC raised its stake in Choice Hotels International by 159.2% in the 1st quarter. Renaissance Technologies LLC now owns 521,800 shares of the company’s stock valued at $32,665,000 after acquiring an additional 320,500 shares during the period. Teachers Advisors LLC raised its stake in Choice Hotels International by 409.0% in the 1st quarter. Teachers Advisors LLC now owns 314,681 shares of the company’s stock valued at $19,699,000 after acquiring an additional 252,857 shares during the period. Federated Investors Inc. PA bought a new stake in Choice Hotels International in the 2nd quarter valued at about $14,852,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Choice Hotels International by 102.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 442,957 shares of the company’s stock valued at $28,460,000 after acquiring an additional 223,911 shares during the period. Institutional investors and hedge funds own 50.26% of the company’s stock.
Shares of Choice Hotels International, Inc. (NYSE:CHH) opened at 65.45 on Friday. The company has a market capitalization of $3.67 billion, a PE ratio of 24.18 and a beta of 1.12. Choice Hotels International, Inc. has a 12 month low of $43.70 and a 12 month high of $67.80. The stock’s 50 day moving average price is $62.08 and its 200 day moving average price is $63.31.
Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. The firm had revenue of $276.80 million for the quarter, compared to the consensus estimate of $254.68 million. During the same quarter last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts forecast that Choice Hotels International, Inc. will post $2.85 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, September 29th. Choice Hotels International’s dividend payout ratio (DPR) is currently 31.85%.
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A number of brokerages recently issued reports on CHH. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, July 5th. BidaskClub cut Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG decreased their price target on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Finally, Barclays PLC reiterated an “underweight” rating and set a $60.00 price target (down from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $62.57.
In other news, major shareholder Bruce Bainum sold 7,977 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $62.15, for a total value of $495,770.55. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen P. Joyce sold 44,116 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $62.88, for a total value of $2,774,014.08. Following the completion of the transaction, the chief executive officer now directly owns 201,922 shares in the company, valued at approximately $12,696,855.36. The disclosure for this sale can be found here. Insiders sold 101,460 shares of company stock worth $6,337,153 in the last ninety days. Corporate insiders own 22.01% of the company’s stock.
Choice Hotels International Company 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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