Versor Investments LP Acquires Shares of 6,600 Choice Hotels International, Inc. (NYSE:CHH)

Versor Investments LP bought a new position in Choice Hotels International, Inc. (NYSE:CHH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,600 shares of the company’s stock, valued at approximately $860,000.

Other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its position in shares of Choice Hotels International by 17.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after purchasing an additional 5,156 shares during the last quarter. Twin Tree Management LP bought a new stake in Choice Hotels International during the 1st quarter valued at about $6,248,000. SG Americas Securities LLC raised its holdings in Choice Hotels International by 161.3% in the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after buying an additional 6,384 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Choice Hotels International by 7.7% in the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after buying an additional 195,956 shares in the last quarter. Finally, &PARTNERS purchased a new stake in shares of Choice Hotels International during the second quarter valued at approximately $366,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Stock Down 0.4 %

Shares of CHH stock opened at $144.39 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $149.75. The stock has a market cap of $6.77 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.23 and a beta of 1.24. The company has a 50 day simple moving average of $133.15 and a two-hundred day simple moving average of $125.08.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International’s revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. On average, research analysts expect that Choice Hotels International, Inc. will post 6.76 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s payout ratio is currently 22.03%.

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Patrick Pacious sold 10,025 shares of the 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 sale, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,437 shares of company stock worth $9,788,980. 24.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CHH shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Susquehanna upped their price target on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Wednesday, November 6th. Robert W. Baird upped their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Barclays raised their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $128.78.

Choice Hotels International Profile

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.