RiverGlades Family Offices LLC Acquires 300 Shares of Choice Hotels International, Inc. (NYSE:CHH)

RiverGlades Family Offices LLC lifted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the company’s stock after purchasing an additional 300 shares during the quarter. RiverGlades Family Offices LLC’s holdings in Choice Hotels International were worth $357,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Blue Trust Inc. grew its stake in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. Covestor Ltd grew its stake in Choice Hotels International by 163.2% in the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Tortoise Investment Management LLC increased its position in shares of Choice Hotels International by 129.4% during 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 shares of Choice Hotels International during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Insider Transactions at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Patrick Pacious sold 10,025 shares of the company’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 completion of the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 13,117 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the transaction, the executive vice president now owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,401 shares of company stock valued at $4,497,556. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Stock Down 0.6 %

CHH opened at $129.98 on Friday. The stock has a fifty day moving average of $125.58 and a 200-day moving average of $121.71. The company has a market capitalization of $6.26 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.01 and a beta of 1.25. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $134.44. 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 (NYSE:CHH) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same period in the prior year, the firm earned $1.75 EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts expect that Choice Hotels International, Inc. will post 6.38 EPS for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st will be issued a $0.2875 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.88%. Choice Hotels International’s dividend payout ratio is presently 24.68%.

Analysts Set New Price Targets

CHH has been the topic of a number of recent analyst reports. The Goldman Sachs Group began coverage on shares of Choice Hotels International in a report on Wednesday. They set a “sell” rating and a $105.00 target price on the stock. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research note on Friday, July 19th. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Thursday. Susquehanna assumed coverage on Choice Hotels International in a report on Friday, June 21st. They set a “neutral” rating and a $125.00 price target for the company. Finally, Barclays dropped their price objective on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $127.25.

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.