Algert Global LLC Makes New Investment in Choice Hotels International, Inc. (NYSE:CHH)

Algert Global LLC bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,251 shares of the company’s stock, valued at approximately $387,000.

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

Analysts Set New Price Targets

CHH has been the topic of several analyst reports. 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 note on Friday, August 9th. Barclays lowered their target price 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. Susquehanna started coverage on shares of Choice Hotels International in a research report on Friday, June 21st. They set a “neutral” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a research note on Friday, July 19th. Finally, StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $125.64.

Choice Hotels International Trading Down 2.5 %

NYSE:CHH opened at $128.90 on Tuesday. The company has a market cap of $6.21 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.17 and a beta of 1.25. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $134.44. The stock’s fifty day moving average price is $126.26 and its two-hundred day moving average price is $122.09.

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 negative return on equity of 3,953.67% and a net margin of 15.42%. The firm had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. During the same quarter last year, the company posted $1.75 EPS. Choice Hotels International’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, analysts expect that Choice Hotels International, Inc. will post 6.38 EPS for the current year.

Choice Hotels International Dividend Announcement

The company 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 $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is 24.68%.

Insiders Place Their Bets

In related news, EVP Dominic Dragisich sold 13,117 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was 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 directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was 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 in the company, valued at approximately $8,608,330.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,241 shares of company stock worth $5,517,383. 24.02% of the stock is currently owned by company insiders.

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.