Price T Rowe Associates Inc. MD raised its holdings in shares of Choice Hotels International Inc (NYSE:CHH) by 16.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 597,431 shares of the company’s stock after buying an additional 84,500 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.07% of Choice Hotels International worth $51,982,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in CHH. Cullen Frost Bankers Inc. purchased a new stake in shares of Choice Hotels International during the second quarter worth $26,000. Advisor Group Inc. grew its holdings in shares of Choice Hotels International by 110.8% in the second quarter. Advisor Group Inc. now owns 331 shares of the company’s stock valued at $29,000 after purchasing an additional 174 shares during the period. Glen Harbor Capital Management LLC purchased a new stake in shares of Choice Hotels International in the second quarter valued at about $54,000. Tyers Asset Management LLC purchased a new stake in shares of Choice Hotels International in the second quarter valued at about $75,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Choice Hotels International in the second quarter valued at about $78,000. 59.32% of the stock is owned by institutional investors and hedge funds.
In other Choice Hotels International news, insider Robert J. Mcdowell sold 11,585 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $88.37, for a total value of $1,023,766.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 24.90% of the company’s stock.
Choice Hotels International (NYSE:CHH) last posted its earnings results on Tuesday, August 6th. The company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.05. Choice Hotels International had a net margin of 20.13% and a negative return on equity of 141.56%. The company had revenue of $317.68 million for the quarter, compared to analysts’ expectations of $304.70 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. Choice Hotels International’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts anticipate that Choice Hotels International Inc will post 4.24 EPS for the current fiscal year.
The business also recently announced a — dividend, which will be paid on Thursday, October 17th. Shareholders of record on Wednesday, October 2nd will be given a $0.215 dividend. The ex-dividend date is Tuesday, October 1st. This represents a yield of 0.9%. Choice Hotels International’s payout ratio is currently 22.11%.
A number of equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. upped their price objective on shares of Choice Hotels International from $73.00 to $81.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Barclays upped their price objective on shares of Choice Hotels International from $81.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, August 14th. Finally, Bank of America upped their price objective on shares of Choice Hotels International from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Choice Hotels International has a consensus rating of “Hold” and an average price target of $87.20.
Choice Hotels International 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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