California State Teachers Retirement System Has $3.44 Million Stake in Choice Hotels International Inc (CHH)

California State Teachers Retirement System lessened its position in Choice Hotels International Inc (NYSE:CHH) by 9.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 53,762 shares of the company’s stock after selling 5,761 shares during the period. California State Teachers Retirement System owned about 0.10% of Choice Hotels International worth $3,435,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHH. Vanguard Group Inc. lifted its stake in shares of Choice Hotels International by 7.6% in the second quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after buying an additional 197,890 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Choice Hotels International by 31.6% during the second quarter. Renaissance Technologies LLC now owns 686,800 shares of the company’s stock valued at $44,127,000 after purchasing an additional 165,000 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Choice Hotels International by 16.5% during the third quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock valued at $73,386,000 after purchasing an additional 162,255 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Choice Hotels International by 110.4% during the second quarter. Lord Abbett & CO. LLC now owns 305,038 shares of the company’s stock valued at $19,599,000 after purchasing an additional 160,038 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Choice Hotels International by 553.2% during the second quarter. Ameriprise Financial Inc. now owns 183,870 shares of the company’s stock valued at $11,814,000 after purchasing an additional 155,719 shares during the last quarter. Hedge funds and other institutional investors own 50.76% of the company’s stock.

Shares of Choice Hotels International Inc (CHH) opened at $79.95 on Tuesday. Choice Hotels International Inc has a twelve month low of $53.40 and a twelve month high of $80.05. The company has a market cap of $4,520.00, a P/E ratio of 29.61, a price-to-earnings-growth ratio of 2.49 and a beta of 1.17. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 6th. The company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. The business had revenue of $295.09 million during the quarter, compared to analysts’ expectations of $288.50 million. During the same period in the prior year, the company earned $0.84 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. equities research analysts predict that Choice Hotels International Inc will post 2.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.215 per share. The ex-dividend date is Friday, December 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.08%. Choice Hotels International’s dividend payout ratio is currently 31.85%.

CHH has been the subject of several research reports. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, October 17th. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Barclays boosted their price objective on shares of Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a report on Tuesday, November 7th. SunTrust Banks reissued a “hold” rating and set a $71.00 price objective on shares of Choice Hotels International in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price objective for the company. in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the stock. Choice Hotels International presently has an average rating of “Hold” and a consensus target price of $67.38.

In other news, major shareholder Bruce Bainum sold 250,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $74.05, for a total value of $18,512,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick Pacious sold 11,149 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $75.78, for a total transaction of $844,871.22. Following the completion of the sale, the chief executive officer now directly owns 124,073 shares of the company’s stock, valued at $9,402,251.94. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This piece was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://baseballnewssource.com/markets/california-state-teachers-retirement-system-has-3-44-million-stake-in-choice-hotels-international-inc-chh/1820135.html.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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.

Want to see what other hedge funds are holding CHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Choice Hotels International Inc (NYSE:CHH).

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

Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with our FREE daily email newsletter.

 


Latest News

Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
Trade Rumor: Manny Machado Could Land With Yankees
Trade Rumor: Manny Machado Could Land With Yankees
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal
Los Angeles Dodgers Acquire Scott Alexander as Part of Three Team Deal


Leave a Reply

 
© 2006-2018 BBNS.