Choice Hotels International, Inc. (NYSE:CHH) Holdings Raised by Malaga Cove Capital LLC

Malaga Cove Capital LLC grew its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,034 shares of the company’s stock after acquiring an additional 150 shares during the period. Malaga Cove Capital LLC’s holdings in Choice Hotels International were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. State Board of Administration of Florida Retirement System grew its stake in Choice Hotels International by 17.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after purchasing an additional 5,156 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Choice Hotels International by 62.8% in the 1st quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock valued at $2,778,000 after buying an additional 8,485 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Choice Hotels International in the 1st quarter valued at approximately $6,248,000. SG Americas Securities LLC increased its holdings in Choice Hotels International by 161.3% in the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after buying an additional 6,384 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Choice Hotels International by 7.7% during the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after acquiring an additional 195,956 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Choice Hotels International Stock Performance

NYSE CHH opened at $143.92 on Friday. The company’s fifty day moving average is $132.10 and its two-hundred day moving average is $124.43. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $149.75. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.99. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 27.57, a P/E/G ratio of 2.15 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. During the same period in the previous year, the company posted $1.82 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts forecast that Choice Hotels International, Inc. will post 6.78 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.80%. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

Insiders Place Their Bets

In other news, SVP Simone Wu sold 7,840 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Choice Hotels International news, insider Robert J. Mcdowell sold 8,712 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $134.99, for a total value of $1,176,032.88. Following the sale, the insider now directly owns 38,502 shares in the company, valued at $5,197,384.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock worth $4,866,493 over the last 90 days. Corporate insiders own 24.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a report on Tuesday. UBS Group decreased their price target on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Robert W. Baird upped their target price on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Truist Financial lowered their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $128.70.

About Choice Hotels International

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.