Virginia Retirement Systems ET AL sells 2,700 shares of Choice Hotels International, Inc. (NYSE: CHH)
Virginia Retirement Systems ET AL reduced its position in shares of Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 38.0% in Q1, according to its latest filing with the Securities and Exchange Commission. The fund held 4,400 shares of the company after selling 2,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Choice Hotels International were worth $624,000 when it last filed with the Securities and Exchange Commission.
A number of other large investors have also recently changed their positions in CHH. Invesco Ltd. increased its stake in Choice Hotels International by 29.6% during the 4th quarter. Invesco Ltd. now owns 1,147,774 shares of the company worth $179,041,000 after purchasing an additional 262,180 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of Choice Hotels International by 711.7% in the 4th quarter. Great Lakes Advisors LLC now owns 105,150 shares of the company valued at $16,402,000 after acquiring an additional 92,195 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Choice Hotels International in Q4, valued at approximately $12,460,000. Geode Capital Management LLC increased its stake in the shares of Choice Hotels International by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 451,404 shares of the company valued at $70,414,000 after acquiring an additional 65,902 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in shares of Choice Hotels International by 7.9% in the 1st quarter. Boston Trust Walden Corp now owns 591,148 shares of the company valued at $83,801,000 after acquiring 43,168 additional shares in the last quarter. 57.64% of the shares are held by hedge funds and other institutional investors.
CHH has been the subject of a number of recent analyst reports. Barclays launched coverage on Choice Hotels International in a research note on Tuesday, June 28. They issued an “underweight” rating and a price target of $107.00 for the company. StockNews.com upgraded Choice Hotels International from a “buy” rating to a “hold” rating in a Monday, May 23 research rating. Robert W. Baird lowered his price target on Choice Hotels International from $138.00 to $133.00 and set a “neutral” rating for the company in a Tuesday, June 14 research note. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on Choice Hotels International from $131.00 to $128.00 in a Wednesday, May 11 research note. Two investment analysts gave the stock a sell rating and seven gave the company’s stock a hold rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $132.25.
NYSE:CHH opened at $111.59 on Friday. Choice Hotels International, Inc. has a 12-month low of $108.77 and a 12-month high of $157.46. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt ratio of 2.68. The company has a 50-day moving average price of $122.99 and a two-hundred-day moving average price of $136.75. The company has a market capitalization of $6.22 billion, a P/E ratio of 18.75, a price-to-earnings growth ratio of 1.94 and a beta of 1.34.
Choice Hotels International (NYSE:CHH – Get Rating) last released its quarterly results on Tuesday, May 10. The company reported earnings per share of $1.03 for the quarter, beating analyst consensus estimates of $0.93 by $0.10. Choice Hotels International achieved a return on equity of 119.10% and a net margin of 29.19%. The company posted revenue of $257.73 million in the quarter, versus a consensus estimate of $253.04 million. In the same quarter a year earlier, the company posted EPS of $0.57. The company’s revenue increased 40.9% year over year. As a group, analysts expect Choice Hotels International, Inc. to post earnings per share of 5.03 for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Friday, July 1 will receive a dividend of $0.2375 per share. This represents a dividend of $0.95 on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, June 30. Choice Hotels International’s dividend payout ratio (DPR) is currently 15.97%.
In other news from Choice Hotels International, insider David A. Pepper sold 300 shares of the company in a trade that took place on Wednesday, April 20. The stock was sold at an average price of $150.07, for a total transaction of $45,021.00. Following the completion of the transaction, the insider now owns 30,312 shares of the company, valued at approximately $4,548,921.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders hold 21.15% of the company’s stock.
About Choice Hotels International (Get a rating)
Choice Hotels International, Inc., together with its subsidiaries, operates as a franchisor of hotels worldwide. The Company operates through hotel franchise and corporate and other segments. It franchises lodging properties under the Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels and Ascend brands. . Hotel collection.
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