Mutual of America Capital Management LLC Decreases Stake in Choice Hotels International, Inc. (NYSE:CHH)

Mutual of America Capital Management LLC lessened its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,250 shares of the company’s stock after selling 1,432 shares during the period. Mutual of America Capital Management LLC’s holdings in Choice Hotels International were worth $1,596,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after buying an additional 6,384 shares during the last quarter. Vanguard Group Inc. grew its stake in Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after purchasing an additional 195,956 shares during the last quarter. &PARTNERS acquired a new position in shares of Choice Hotels International in the second quarter valued at about $366,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Choice Hotels International in the first quarter worth about $1,089,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Choice Hotels International during the third quarter worth about $42,280,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. The Goldman Sachs Group raised their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Robert W. Baird upped 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, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Finally, UBS Group lowered their target price on 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Choice Hotels International presently has a consensus rating of “Hold” and an average target price of $130.00.

Insider Activity

In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of Choice Hotels International stock in a transaction on Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the sale, the executive vice president now owns 68,509 shares of the company’s stock, valued at $9,240,493.92. The trade was a 11.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at $48,709,646.42. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock worth $9,788,980 over the last 90 days. 24.02% of the stock is currently owned by company insiders.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock opened at $152.95 on Tuesday. The firm has a market cap of $7.17 billion, a PE ratio of 29.30, a P/E/G ratio of 2.36 and a beta of 1.24. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $153.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The business has a 50-day moving average price of $137.47 and a 200 day moving average price of $126.86.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period in the prior year, the company posted $1.82 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts predict that Choice Hotels International, Inc. will post 6.83 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently announced 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 0.75%. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

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.