International Assets Investment Management LLC Takes $42.28 Million Position in Choice Hotels International, Inc. (NYSE:CHH)

International Assets Investment Management LLC purchased a new position in Choice Hotels International, Inc. (NYSE:CHH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 32,445 shares of the company’s stock, valued at approximately $42,280,000. International Assets Investment Management LLC owned approximately 0.07% of Choice Hotels International at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Choice Hotels International by 77.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the period. Vanguard Group Inc. grew its stake in shares of Choice Hotels International by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after buying an additional 195,956 shares during the last quarter. Boston Trust Walden Corp increased its position in Choice Hotels International by 0.9% during the 2nd quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock valued at $112,046,000 after buying an additional 8,033 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 buying an additional 26,289 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Choice Hotels International by 45.4% during the third 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 during the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Choice Hotels International

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 transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,429 shares of company stock valued at $4,866,493 over the last 90 days. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Up 0.1 %

CHH opened at $141.49 on Monday. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $142.54. The firm’s 50 day simple moving average is $129.36 and its two-hundred day simple moving average is $123.13. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The company has a market capitalization of $6.81 billion, a PE ratio of 30.36, a PEG ratio of 2.20 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The company had revenue of $435.20 million for the quarter, compared to analysts’ expectations of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.81%. Choice Hotels International’s payout ratio is 24.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CHH shares. UBS Group dropped their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price on the stock. in a research note on Friday, July 19th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group began coverage on Choice Hotels International in a report on Wednesday, September 18th. They issued a “sell” rating and a $105.00 price objective for the company. Finally, Barclays reduced 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 research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $125.50.

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.