Edgestream Partners L.P. trimmed its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 9.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,445 shares of the company’s stock after selling 1,361 shares during the quarter. Edgestream Partners L.P.’s holdings in Choice Hotels International were worth $1,580,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CHH. Cary Street Partners Investment Advisory LLC grew its position in Choice Hotels International by 18,000.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 1,810 shares of the company’s stock valued at $213,000 after acquiring an additional 1,800 shares in the last quarter. US Bancorp DE grew its position in Choice Hotels International by 20.1% in the 2nd quarter. US Bancorp DE now owns 17,316 shares of the company’s stock valued at $2,035,000 after acquiring an additional 2,898 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in Choice Hotels International in the 2nd quarter valued at about $295,000. Dimensional Fund Advisors LP grew its position in Choice Hotels International by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 456,556 shares of the company’s stock valued at $53,656,000 after acquiring an additional 8,123 shares in the last quarter. Finally, Spire Wealth Management grew its position in Choice Hotels International by 21.5% in the 2nd quarter. Spire Wealth Management now owns 27,396 shares of the company’s stock valued at $3,220,000 after acquiring an additional 4,855 shares in the last quarter. 68.78% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Barclays dropped their target price on Choice Hotels International from $122.00 to $121.00 and set an “underweight” rating for the company in a research report on Wednesday, August 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Choice Hotels International from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Robert W. Baird lifted their price objective on Choice Hotels International from $135.00 to $142.00 in a research note on Wednesday, August 9th. Argus began coverage on Choice Hotels International in a research note on Monday, September 25th. They issued a “buy” rating and a $145.00 price objective for the company. Finally, Morgan Stanley decreased their price objective on Choice Hotels International from $139.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $130.75.
Choice Hotels International Price Performance
CHH stock opened at $113.62 on Tuesday. The business has a 50 day moving average price of $117.73 and a 200 day moving average price of $120.80. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.52 and a beta of 1.27. Choice Hotels International, Inc. has a fifty-two week low of $109.19 and a fifty-two week high of $136.02. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 19.21.
Choice Hotels International (NYSE:CHH – Get Free Report) last posted its earnings results on Tuesday, November 7th. The company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.05). The business had revenue of $425.60 million for the quarter, compared to analysts’ expectations of $429.72 million. Choice Hotels International had a return on equity of 373.39% and a net margin of 18.42%. Choice Hotels International’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.56 EPS. Equities research analysts anticipate that Choice Hotels International, Inc. will post 6.01 earnings per share for the current fiscal year.
Choice Hotels International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Monday, October 2nd were paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 1.01%. The ex-dividend date was Friday, September 29th. Choice Hotels International’s payout ratio is 20.83%.
Choice Hotels International Profile
Choice Hotels International, Inc together with its subsidiaries, operates as a hotel franchisor. The company operates through Hotel Franchising & Management and Other segments. It 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, Everhome Suites, Cambria Hotels, Ascend Hotel Collection, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites, Radisson Inn & Suites , Park Inn by Radisson, Radisson Individuals, and Radisson Collection.
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