Capstone Investment Advisors LLC Takes Position in Choice Hotels International, Inc. (NYSE:CHH)

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

Several other hedge funds have also made changes to their positions in CHH. Blue Trust Inc. increased its position in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after buying an additional 166 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after acquiring an additional 141 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Choice Hotels International by 1,146.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after purchasing an additional 367 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Choice Hotels International during the 2nd quarter valued at about $56,000. Finally, Quest Partners LLC bought a new position in Choice Hotels International in the 2nd quarter worth about $69,000. Institutional investors own 65.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CHH shares. Susquehanna boosted their price objective on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reduced their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Jefferies Financial Group lowered Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Wednesday, November 6th. Morgan Stanley upped their price objective on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $130.00.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction that occurred 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 directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,437 shares of company stock valued at $9,788,980 over the last three months. 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. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $153.81. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a 50-day moving average of $139.24 and a two-hundred day moving average of $127.66. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 2.38 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its 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 during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm 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 business also recently announced 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. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

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.