Citigroup Inc. Purchases 39,392 Shares of Choice Hotels International Inc (NYSE:CHH)

Citigroup Inc. boosted its position in Choice Hotels International Inc (NYSE:CHH) by 592.5% in the first quarter, HoldingsChannel reports. The firm owned 46,040 shares of the company’s stock after acquiring an additional 39,392 shares during the period. Citigroup Inc.’s holdings in Choice Hotels International were worth $3,579,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Atlanta Capital Management Co. L L C boosted its position in Choice Hotels International by 79.5% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 3,265,458 shares of the company’s stock worth $233,741,000 after purchasing an additional 1,446,073 shares in the last quarter. Norges Bank acquired a new position in Choice Hotels International in the 4th quarter valued at $32,883,000. State of Wisconsin Investment Board raised its stake in Choice Hotels International by 99.6% in the 1st quarter. State of Wisconsin Investment Board now owns 317,864 shares of the company’s stock valued at $24,711,000 after purchasing an additional 158,600 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Choice Hotels International in the 4th quarter valued at $6,632,000. Finally, Bank of America Corp DE raised its stake in Choice Hotels International by 34.0% in the 4th quarter. Bank of America Corp DE now owns 339,045 shares of the company’s stock valued at $24,269,000 after purchasing an additional 85,964 shares during the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

CHH stock opened at $85.97 on Wednesday. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.07 and a beta of 1.04. Choice Hotels International Inc has a 1 year low of $66.71 and a 1 year high of $87.64.



Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $218.30 million for the quarter, compared to analyst estimates of $221.84 million. Choice Hotels International had a negative return on equity of 124.30% and a net margin of 21.08%. Choice Hotels International’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Equities research analysts expect that Choice Hotels International Inc will post 4.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Tuesday, July 2nd will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.11%.

In other news, insider John Bonds sold 5,102 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $82.01, for a total transaction of $418,415.02. Following the sale, the insider now owns 84,158 shares of the company’s stock, valued at approximately $6,901,797.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Patrick Cimerola sold 6,410 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $77.72, for a total value of $498,185.20. Following the sale, the insider now directly owns 17,216 shares in the company, valued at approximately $1,338,027.52. The disclosure for this sale can be found here. Insiders have sold a total of 36,285 shares of company stock worth $2,989,357 in the last three months. Corporate insiders own 24.90% of the company’s stock.

Several analysts have issued reports on CHH shares. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “strong-buy” rating and set a $95.00 target price for the company in a report on Tuesday, April 23rd. Deutsche Bank restated a “hold” rating and issued a $76.00 target price on shares of Choice Hotels International in a report on Sunday, February 17th. Finally, SunTrust Banks upped their target price on Choice Hotels International from $80.00 to $87.00 and gave the company a “hold” rating in a report on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $82.88.

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Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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

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