AQR Capital Management LLC Has $1.17 Million Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

AQR Capital Management LLC reduced its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 89.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,851 shares of the company’s stock after selling 81,213 shares during the period. AQR Capital Management LLC’s holdings in Choice Hotels International were worth $1,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Choice Hotels International by 144.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares in the last quarter. Covestor Ltd lifted its holdings in Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in 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 purchasing an additional 141 shares during the last quarter. Finally, Vima LLC bought a new stake in Choice Hotels International during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Insider Buying and Selling at Choice Hotels International

In other news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction 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 sale, the senior vice president now owns 45,669 shares in the company, valued at $5,940,623.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHH shares. Barclays decreased their price target on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a report on Friday, August 9th. Truist Financial dropped their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird reduced their price objective on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. UBS Group dropped their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Choice Hotels International currently has an average rating of “Hold” and an average target price of $125.64.

Choice Hotels International Stock Up 0.3 %

NYSE CHH opened at $133.78 on Friday. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $135.50. The stock has a market capitalization of $6.32 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 2.20 and a beta of 1.25. The stock has a fifty day moving average of $126.62 and a 200-day moving average of $122.32.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). The firm had revenue of $435.20 million for the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.75 earnings per share. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 6.38 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 23.91%.

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.