Genesis Private Wealth LLC Makes New $262,000 Investment in Choice Hotels International, Inc. (NYSE:CHH)

Genesis Private Wealth LLC acquired a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,844 shares of the company’s stock, valued at approximately $262,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ironwood Financial llc acquired a new position in Choice Hotels International in the fourth quarter valued at $216,000. Diversify Wealth Management LLC raised its holdings in shares of Choice Hotels International by 38.3% in the 4th quarter. Diversify Wealth Management LLC now owns 3,300 shares of the company’s stock worth $465,000 after purchasing an additional 914 shares during the period. Trust Co. of Vermont lifted its stake in shares of Choice Hotels International by 34.0% in the 4th quarter. Trust Co. of Vermont now owns 1,045 shares of the company’s stock valued at $148,000 after purchasing an additional 265 shares in the last quarter. Oak Thistle LLC grew its holdings in shares of Choice Hotels International by 29.9% during the 4th quarter. Oak Thistle LLC now owns 4,109 shares of the company’s stock worth $583,000 after purchasing an additional 945 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after purchasing an additional 111,903 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the sale, the chief executive officer now owns 404,666 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Up 1.7 %

CHH stock opened at $144.11 on Wednesday. The firm has a 50 day simple moving average of $144.60 and a 200-day simple moving average of $134.84. The company has a market capitalization of $6.76 billion, a P/E ratio of 27.61, a PEG ratio of 2.17 and a beta of 1.24. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $153.81.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data 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. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. On average, research analysts predict that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were issued a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 0.80%. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHH. Morgan Stanley reiterated an “underweight” rating and set a $129.00 price objective (down from $145.00) on shares of Choice Hotels International in a research note on Tuesday, January 14th. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Robert W. Baird raised their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Susquehanna upped their target price on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group raised their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $133.27.

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.