Capstone Investment Advisors LLC Invests $237,000 in Choice Hotels International, Inc. (NYSE:CHH)

Capstone Investment Advisors LLC purchased a new stake in Choice Hotels International, Inc. (NYSE:CHH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,816 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds have also recently added to or reduced their stakes in CHH. SG Americas Securities LLC raised its holdings in Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after buying an additional 6,384 shares in the last quarter. &PARTNERS bought a new position in shares of Choice Hotels International in the 2nd quarter valued at approximately $366,000. DekaBank Deutsche Girozentrale acquired a new stake in Choice Hotels International in the 1st quarter worth approximately $1,089,000. International Assets Investment Management LLC bought a new stake in Choice Hotels International during the third quarter worth approximately $42,280,000. Finally, William B. Walkup & Associates Inc. acquired a new position in Choice Hotels International during the second quarter valued at approximately $799,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Insiders Place Their Bets

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. This represents a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares in the company, valued at $2,441,340. This represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,437 shares of company stock worth $9,788,980 over the last quarter. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $151.24 on Friday. The firm has a market capitalization of $7.09 billion, a PE ratio of 28.97, a PEG ratio of 2.38 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $153.81. The business’s 50 day moving average is $139.24 and its 200-day moving average is $127.66.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 earnings per share. Sell-side analysts predict that Choice Hotels International, Inc. will post 6.83 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is 22.03%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial decreased their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research report on Wednesday, November 6th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Susquehanna increased their target price on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and an average price target of $130.00.

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.