American Century Companies Inc. Has $737,000 Holdings in Choice Hotels International Inc (CHH)

American Century Companies Inc. trimmed its holdings in Choice Hotels International Inc (NYSE:CHH) by 71.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,199 shares of the company’s stock after selling 22,816 shares during the period. American Century Companies Inc.’s holdings in Choice Hotels International were worth $737,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHH. DekaBank Deutsche Girozentrale acquired a new position in shares of Choice Hotels International in the 1st quarter valued at about $360,000. Algert Global LLC acquired a new position in shares of Choice Hotels International in the 1st quarter valued at about $1,248,000. British Airways Pensions Investment Management Ltd acquired a new position in shares of Choice Hotels International in the 1st quarter valued at about $12,020,000. Oppenheimer & Co. Inc. acquired a new position in shares of Choice Hotels International in the 1st quarter valued at about $284,000. Finally, Dupont Capital Management Corp lifted its stake in shares of Choice Hotels International by 33.3% in the 1st quarter. Dupont Capital Management Corp now owns 11,871 shares of the company’s stock valued at $951,000 after purchasing an additional 2,964 shares in the last quarter. 51.80% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CHH traded up $1.00 during mid-day trading on Thursday, hitting $81.75. 135,100 shares of the company traded hands, compared to its average volume of 254,439. The company has a market cap of $4.62 billion, a P/E ratio of 28.35, a PEG ratio of 1.97 and a beta of 1.10. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.86 and a current ratio of 0.86. Choice Hotels International Inc has a 52-week low of $59.60 and a 52-week high of $85.35.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, May 10th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.60 by $0.07. The business had revenue of $209.39 million for the quarter, compared to the consensus estimate of $215.75 million. Choice Hotels International had a negative return on equity of 74.98% and a net margin of 10.92%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. analysts predict that Choice Hotels International Inc will post 3.7 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Investors of record on Monday, July 2nd will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.05%. Choice Hotels International’s payout ratio is currently 29.86%.

In related news, insider Patrick Cimerola sold 800 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $81.07, for a total transaction of $64,856.00. Following the sale, the insider now directly owns 30,827 shares in the company, valued at approximately $2,499,144.89. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 24.38% of the company’s stock.

Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Deutsche Bank lifted their price objective on Choice Hotels International from $83.30 to $85.00 and gave the company a “hold” rating in a research note on Thursday, May 10th. Wells Fargo & Co lowered Choice Hotels International from an “outperform” rating to a “market perform” rating and set a $88.00 price objective on the stock. in a research note on Thursday, May 10th. SunTrust Banks lifted their price objective on Choice Hotels International to $82.00 and gave the company a “hold” rating in a research note on Wednesday, February 21st. Finally, UBS Group raised Choice Hotels International from a “sell” rating to a “neutral” rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $82.38.

Choice Hotels International Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

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

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