Bank of America Corp DE trimmed its position in shares of Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 4.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 254,827 shares of the company's stock after selling 12,536 shares during the quarter. Bank of America Corp DE owned 0.46% of Choice Hotels International worth $36,125,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank increased its stake in shares of Choice Hotels International by 7.3% during the first quarter. Swiss National Bank now owns 85,467 shares of the company's stock worth $12,116,000 after acquiring an additional 5,800 shares during the period. WINTON GROUP Ltd grew its position in Choice Hotels International by 80.6% during the first quarter. WINTON GROUP Ltd now owns 12,896 shares of the company's stock worth $1,828,000 after buying an additional 5,756 shares during the period. Bartlett & Co. LLC purchased a new position in Choice Hotels International in the fourth quarter valued at about $421,000. Institute for Wealth Management LLC. lifted its position in shares of Choice Hotels International by 4.9% during the 1st quarter. Institute for Wealth Management LLC. now owns 4,660 shares of the company's stock valued at $661,000 after acquiring an additional 217 shares during the period. Finally, Fenimore Asset Management Inc. boosted its stake in shares of Choice Hotels International by 1.2% during the 1st quarter. Fenimore Asset Management Inc. now owns 148,354 shares of the company's stock worth $21,031,000 after acquiring an additional 1,805 shares in the last quarter. 61.37% of the stock is currently owned by institutional investors and hedge funds.
Get Choice Hotels International alerts:Choice Hotels International Price Performance
CHH stock opened at $109.52 on Friday. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.03. Choice Hotels International, Inc. has a 52-week low of $104.15 and a 52-week high of $157.46. The stock's fifty day simple moving average is $115.01 and its 200-day simple moving average is $123.95.
Choice Hotels International (NYSE:CHH – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.04). Choice Hotels International had a return on equity of 92.23% and a net margin of 28.72%. The business had revenue of $367.80 million during the quarter, compared to analyst estimates of $322.24 million. During the same period in the previous year, the business posted $1.22 earnings per share. The firm's quarterly revenue was up 32.1% on a year-over-year basis. Equities research analysts expect that Choice Hotels International, Inc. will post 5.22 EPS for the current year.Choice Hotels International Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be paid a $0.2375 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Friday, September 30th. Choice Hotels International's payout ratio is 15.06%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on CHH shares. UBS Group cut Choice Hotels International from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $167.00 to $124.00 in a report on Tuesday, August 2nd. Robert W. Baird boosted their price objective on shares of Choice Hotels International from $129.00 to $133.00 and gave the stock a "neutral" rating in a research report on Thursday, September 15th. JPMorgan Chase & Co. dropped their target price on shares of Choice Hotels International from $126.00 to $110.00 and set an "underweight" rating for the company in a report on Tuesday, August 9th. Wells Fargo & Company downgraded shares of Choice Hotels International from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $130.00 to $123.00 in a report on Monday, August 29th. Finally, Barclays raised their price objective on shares of Choice Hotels International from $107.00 to $108.00 and gave the stock an "underweight" rating in a research note on Friday, August 5th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, Choice Hotels International presently has a consensus rating of "Hold" and an average price target of $126.10.
Choice Hotels International Company Profile
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Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.
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