Creative Planning Buys 536 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Creative Planning increased its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 28.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,443 shares of the company’s stock after acquiring an additional 536 shares during the quarter. Creative Planning’s holdings in Choice Hotels International were worth $318,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AGF Management Ltd. increased its position in Choice Hotels International by 0.5% during the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock worth $2,492,000 after acquiring an additional 101 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after buying an additional 117 shares during the period. MJP Associates Inc. ADV increased its holdings in Choice Hotels International by 7.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock valued at $219,000 after buying an additional 127 shares during the period. Caprock Group LLC increased its holdings in Choice Hotels International by 4.4% in the 2nd quarter. Caprock Group LLC now owns 3,251 shares of the company’s stock valued at $387,000 after buying an additional 137 shares during the period. Finally, Tortoise Investment Management LLC increased 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 valued at $30,000 after buying an additional 141 shares during the period. Institutional investors own 65.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays boosted their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday. Susquehanna boosted their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday. Robert W. Baird boosted their price target on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group boosted their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $128.70.

Insiders Place Their Bets

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Simone Wu sold 7,840 shares of the firm’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 owns 45,669 shares in the company, valued at $5,940,623.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,245 shares of company stock worth $8,746,500. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Up 0.6 %

Shares of NYSE CHH opened at $144.91 on Friday. The firm has a market capitalization of $6.84 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $149.75. The firm’s 50-day moving average is $132.45 and its 200-day moving average is $124.63.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. Equities analysts expect that Choice Hotels International, Inc. will post 6.78 EPS for the current year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.79%. Choice Hotels International’s dividend payout ratio (DPR) is currently 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.