Quantbot Technologies LP Has $2.10 Million Stake in Choice Hotels International, Inc. (NYSE:CHH)

Quantbot Technologies LP lowered its stake in Choice Hotels International, Inc. (NYSE:CHH) by 76.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 16,123 shares of the company’s stock after selling 52,567 shares during the quarter. Quantbot Technologies LP’s holdings in Choice Hotels International were worth $2,101,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CHH. Raymond James Trust N.A. raised its stake in shares of Choice Hotels International by 14.5% in the 3rd quarter. Raymond James Trust N.A. now owns 2,937 shares of the company’s stock valued at $383,000 after acquiring an additional 371 shares in the last quarter. Empowered Funds LLC acquired a new position in Choice Hotels International during the third quarter valued at approximately $358,000. Huntington National Bank raised its position in shares of Choice Hotels International by 4.7% in the third quarter. Huntington National Bank now owns 2,267 shares of the company’s stock valued at $295,000 after purchasing an additional 101 shares during the period. Versor Investments LP acquired a new stake in shares of Choice Hotels International in the third quarter worth $860,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Choice Hotels International by 42.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,481 shares of the company’s stock worth $323,000 after buying an additional 734 shares during the period. Institutional investors own 65.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research note on Wednesday, November 6th. Barclays lifted their price target on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price target on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $130.00.

Choice Hotels International Stock Down 0.8 %

Shares of CHH stock opened at $150.61 on Friday. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $153.81. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a fifty day moving average price of $138.42 and a 200 day moving average price of $127.27. The stock has a market cap of $7.06 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business 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 business earned $1.82 EPS. The firm’s revenue was up .6% on a year-over-year basis. Analysts predict that Choice Hotels International, Inc. will post 6.83 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.76%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of Choice Hotels International stock in a transaction on Friday, November 8th. The stock was sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This trade represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the sale, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,437 shares of company stock worth $9,788,980 in the last 90 days. 24.02% of the stock is owned by company insiders.

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.