Watts Gwilliam & Co. LLC acquired a new stake in Choice Hotels International, Inc. (NYSE:CHH – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,110 shares of the company’s stock, valued at approximately $405,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHH. Everpar Advisors LLC boosted its holdings in Choice Hotels International by 29.0% during the third quarter. Everpar Advisors LLC now owns 2,751 shares of the company’s stock worth $358,000 after buying an additional 618 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of Choice Hotels International by 47.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 9,651 shares of the company’s stock valued at $1,258,000 after acquiring an additional 3,100 shares during the period. Thrive Wealth Management LLC acquired a new stake in shares of Choice Hotels International in the 3rd quarter valued at approximately $242,000. Sanctuary Advisors LLC bought a new position in Choice Hotels International during the 2nd quarter worth approximately $1,502,000. Finally, William B. Walkup & Associates Inc. acquired a new position in Choice Hotels International during the second quarter valued at approximately $799,000. 65.57% of the stock is owned by institutional investors.
Insider Activity
In related news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares in the company, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares in the company, valued at $5,940,623.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is owned by corporate insiders.
Choice Hotels International Stock Up 0.3 %
Choice Hotels International (NYSE:CHH – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. During the same quarter last year, the business earned $1.75 earnings per share. Choice Hotels International’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Choice Hotels International, Inc. will post 6.38 earnings per share for the current fiscal year.
Choice Hotels International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.2875 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.86%. Choice Hotels International’s dividend payout ratio is 23.91%.
Wall Street Analysts Forecast Growth
CHH has been the topic of several analyst reports. Robert W. Baird cut their target price on shares of Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Susquehanna started coverage on Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price objective on the stock. The Goldman Sachs Group initiated coverage on Choice Hotels International in a research note on Wednesday, September 18th. They issued a “sell” rating and a $105.00 target price for the company. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, UBS Group cut their price objective on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $125.64.
View Our Latest Research Report on Choice Hotels International
About Choice Hotels International
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.
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