Townsquare Capital LLC Acquires 1,457 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Townsquare Capital LLC lifted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,388 shares of the company’s stock after purchasing an additional 1,457 shares during the period. Townsquare Capital LLC’s holdings in Choice Hotels International were worth $2,266,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after buying an additional 1,788,563 shares in the last quarter. Boston Trust Walden Corp increased its stake in Choice Hotels International by 0.9% in the second quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock valued at $112,046,000 after purchasing an additional 8,033 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Choice Hotels International by 4.1% during the second quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock valued at $80,340,000 after purchasing an additional 26,289 shares during the period. Raymond James & Associates increased its position in Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after buying an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Choice Hotels International by 51.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after buying an additional 90,765 shares during the period. Institutional investors and hedge funds own 65.57% of the company’s stock.

Insider Buying and Selling

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 14.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the transaction, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. The trade was a 8.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,437 shares of company stock worth $9,788,980. Insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Performance

Choice Hotels International stock opened at $151.24 on Friday. The firm’s 50 day simple moving average is $139.24 and its 200 day simple moving average is $127.66. 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 firm has a market capitalization of $7.09 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.38 and a beta of 1.24.

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

Choice Hotels International Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHH. Robert W. Baird increased their target price on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a research note on Wednesday, November 6th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Truist Financial dropped their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, Susquehanna lifted their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.