Park Place Capital Corp Reduces Position in Choice Hotels International, Inc. (NYSE:CHH)

Park Place Capital Corp lessened its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 46.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 409 shares of the company’s stock after selling 353 shares during the quarter. Park Place Capital Corp’s holdings in Choice Hotels International were worth $52,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Morgan Stanley lifted its stake in Choice Hotels International by 7.0% in the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock worth $389,298,000 after acquiring an additional 207,019 shares during the period. Balyasny Asset Management L.P. lifted its stake in Choice Hotels International by 144.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock worth $106,402,000 after acquiring an additional 554,479 shares during the period. Dimensional Fund Advisors LP lifted its stake in Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock worth $70,396,000 after acquiring an additional 62,174 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Choice Hotels International by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,929 shares of the company’s stock worth $30,130,000 after acquiring an additional 6,658 shares during the period. Finally, Fenimore Asset Management Inc. lifted its stake in Choice Hotels International by 3.3% in the fourth quarter. Fenimore Asset Management Inc. now owns 172,308 shares of the company’s stock worth $19,522,000 after acquiring an additional 5,580 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Insiders Place Their Bets

In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total value of $146,151.94. Following the transaction, the insider now directly owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Down 0.0 %

Shares of NYSE:CHH opened at $118.95 on Tuesday. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.04 and a beta of 1.23. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. The stock’s 50-day simple moving average is $116.92 and its two-hundred day simple moving average is $118.22. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $136.02.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.13. The business had revenue of $331.90 million for the quarter, compared to analysts’ expectations of $343.04 million. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share. Analysts expect that Choice Hotels International, Inc. will post 6.44 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.15 annualized dividend and a yield of 0.97%. Choice Hotels International’s payout ratio is 24.68%.

Analysts Set New Price Targets

Several brokerages have commented on CHH. Truist Financial lowered their price objective on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Jefferies Financial Group raised Choice Hotels International from an “underperform” rating to a “buy” rating and raised their price objective for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Susquehanna began coverage on Choice Hotels International in a research report on Friday, June 21st. They set a “neutral” rating and a $125.00 price objective for the company. Barclays lowered their price objective on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $129.09.

Choice Hotels International Company 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.