Everpar Advisors LLC Grows Position in Choice Hotels International, Inc. (NYSE:CHH)

Everpar Advisors LLC increased its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 29.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,751 shares of the company’s stock after purchasing an additional 618 shares during the period. Everpar Advisors LLC’s holdings in Choice Hotels International were worth $358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its position in shares of Choice Hotels International by 17.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after purchasing an additional 5,156 shares during the period. Congress Asset Management Co. MA grew its position in shares of Choice Hotels International by 29.8% in the first quarter. Congress Asset Management Co. MA now owns 50,479 shares of the company’s stock valued at $6,378,000 after purchasing an additional 11,581 shares during the period. Occudo Quantitative Strategies LP grew its position in shares of Choice Hotels International by 136.6% in the fourth quarter. Occudo Quantitative Strategies LP now owns 48,299 shares of the company’s stock valued at $5,472,000 after purchasing an additional 27,885 shares during the period. BNP Paribas Financial Markets grew its position in shares of Choice Hotels International by 62.8% in the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock valued at $2,778,000 after purchasing an additional 8,485 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of Choice Hotels International in the first quarter valued at $6,248,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Trading Down 2.5 %

Shares of CHH opened at $128.90 on Tuesday. The company has a market capitalization 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. Choice Hotels International, Inc. has a one year low of $108.91 and a one year 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. The stock has a 50-day moving average price of $126.26 and a 200 day moving average price of $122.09.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The business had revenue of $435.20 million during 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 company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 EPS. Sell-side analysts forecast that Choice Hotels International, Inc. will post 6.38 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 24.68%.

Wall Street Analysts Forecast Growth

CHH has been the subject of a number of recent analyst reports. Barclays lowered their price objective on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. Truist Financial dropped their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Susquehanna started coverage on Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price target for the company. Robert W. Baird dropped their price target on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $125.64.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the transaction, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the transaction, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Simone Wu sold 7,840 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the transaction, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,241 shares of company stock valued at $5,517,383. Insiders own 24.02% of the company’s stock.

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.