Cubist Systematic Strategies LLC Purchases 127 Shares of Choice Hotels International Inc (NYSE:CHH)

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Cubist Systematic Strategies LLC raised its position in shares of Choice Hotels International Inc (NYSE:CHH) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,769 shares of the company’s stock after purchasing an additional 127 shares during the period. Cubist Systematic Strategies LLC’s holdings in Choice Hotels International were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CHH. Invesco Ltd. boosted its holdings in shares of Choice Hotels International by 1,668.1% in the second quarter. Invesco Ltd. now owns 587,733 shares of the company’s stock worth $51,138,000 after acquiring an additional 554,493 shares during the period. Morgan Stanley boosted its holdings in shares of Choice Hotels International by 204.3% in the second quarter. Morgan Stanley now owns 221,643 shares of the company’s stock worth $19,286,000 after acquiring an additional 148,804 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Choice Hotels International by 27.8% in the second quarter. Schroder Investment Management Group now owns 437,234 shares of the company’s stock worth $38,044,000 after acquiring an additional 95,101 shares during the period. Bank of America Corp DE boosted its holdings in shares of Choice Hotels International by 30.5% in the second quarter. Bank of America Corp DE now owns 363,346 shares of the company’s stock worth $31,616,000 after acquiring an additional 84,912 shares during the period. Finally, Man Group plc boosted its holdings in shares of Choice Hotels International by 35.9% in the second quarter. Man Group plc now owns 315,046 shares of the company’s stock worth $27,413,000 after acquiring an additional 83,191 shares during the period. 59.41% of the stock is owned by institutional investors and hedge funds.

CHH has been the subject of a number of analyst reports. Barclays raised their price target on Choice Hotels International from $81.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, August 14th. ValuEngine lowered Choice Hotels International from a “sell” rating to a “strong sell” rating in a report on Thursday, October 10th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Thursday, September 5th. Wells Fargo & Co raised their price target on Choice Hotels International from $89.00 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, August 13th. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $83.00 price target on shares of Choice Hotels International in a report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Choice Hotels International presently has an average rating of “Hold” and a consensus target price of $87.20.

In related news, insider Robert J. Mcdowell sold 11,585 shares of Choice Hotels International stock in a transaction on Friday, August 16th. The stock was sold at an average price of $88.37, for a total transaction of $1,023,766.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.90% of the stock is currently owned by company insiders.

NYSE:CHH opened at $87.89 on Tuesday. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 2.62 and a beta of 0.93. Choice Hotels International Inc has a 52-week low of $66.71 and a 52-week high of $94.78. The stock has a fifty day moving average of $90.33 and a 200 day moving average of $86.28.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. The company had revenue of $317.68 million during the quarter, compared to analyst estimates of $304.70 million. Choice Hotels International had a negative return on equity of 141.56% and a net margin of 20.13%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. On average, equities analysts predict that Choice Hotels International Inc will post 4.23 earnings per share for the current year.

The firm also recently disclosed a — dividend, which will be paid on Thursday, October 17th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.215 per share. This represents a yield of 0.9%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is 22.11%.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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

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