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

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American Century Companies Inc. reduced its stake in shares of Choice Hotels International Inc (NYSE:CHH) by 71.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,199 shares of the company’s stock after selling 22,816 shares during the quarter. American Century Companies Inc.’s holdings in Choice Hotels International were worth $737,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fenimore Asset Management Inc. grew its holdings in shares of Choice Hotels International by 0.4% during the 4th quarter. Fenimore Asset Management Inc. now owns 183,750 shares of the company’s stock worth $14,259,000 after purchasing an additional 675 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Choice Hotels International by 43.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,311 shares of the company’s stock worth $179,000 after purchasing an additional 700 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Choice Hotels International by 28.8% during the 4th quarter. Verition Fund Management LLC now owns 4,545 shares of the company’s stock worth $353,000 after purchasing an additional 1,015 shares in the last quarter. Swiss National Bank grew its holdings in shares of Choice Hotels International by 2.1% during the 4th quarter. Swiss National Bank now owns 62,567 shares of the company’s stock worth $4,855,000 after purchasing an additional 1,300 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of Choice Hotels International by 4.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 36,141 shares of the company’s stock worth $2,805,000 after purchasing an additional 1,376 shares in the last quarter. 51.78% of the stock is currently owned by institutional investors.

In other Choice Hotels International news, insider Patrick Cimerola sold 800 shares of the stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $81.07, for a total value of $64,856.00. Following the completion of the transaction, the insider now directly owns 30,827 shares in the company, valued at $2,499,144.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 22.01% of the stock is currently owned by company insiders.

Choice Hotels International stock traded up $0.47 during trading hours on Friday, hitting $77.42. The stock had a trading volume of 3,299 shares, compared to its average volume of 211,274. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of -3.06. The company has a market capitalization of $4.45 billion, a PE ratio of 26.82, a P/E/G ratio of 1.89 and a beta of 1.10. Choice Hotels International Inc has a one year low of $59.60 and a one year high of $85.35.

Choice Hotels International (NYSE:CHH) last posted 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 firm had revenue of $209.39 million during 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 business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. analysts predict that Choice Hotels International Inc will post 3.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 17th. Shareholders of record on Monday, July 2nd will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, June 29th. This represents a $0.86 annualized dividend and a yield of 1.11%. Choice Hotels International’s dividend payout ratio is presently 29.86%.

Several analysts recently weighed in on the company. ValuEngine downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Financial Group assumed coverage on Choice Hotels International in a research report on Thursday, May 31st. They set a “hold” rating and a $85.00 price objective for the company. Zacks Investment Research downgraded Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. Wells Fargo & Co downgraded Choice Hotels International from an “outperform” rating to a “market perform” rating and set a $88.00 price objective for the company. in a research report on Thursday, May 10th. Finally, Deutsche Bank upped their price objective on Choice Hotels International from $83.30 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, May 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $82.38.

About Choice Hotels International

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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