UBS Asset Management Americas Inc. increased its position in Choice Hotels International Inc. (NYSE:CHH) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,330 shares of the company’s stock after buying an additional 1,472 shares during the period. UBS Asset Management Americas Inc. owned about 0.05% of Choice Hotels International worth $1,444,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the company. First Trust Advisors LP bought a new stake in shares of Choice Hotels International during the second quarter worth about $9,280,000. Wellington Management Group LLP raised its stake in shares of Choice Hotels International by 11.4% in the first quarter. Wellington Management Group LLP now owns 1,767,296 shares of the company’s stock worth $95,522,000 after buying an additional 180,342 shares during the period. Fenimore Asset Management Inc. bought a new stake in shares of Choice Hotels International during the second quarter worth about $7,297,000. JPMorgan Chase & Co. raised its stake in shares of Choice Hotels International by 3,314.2% in the second quarter. JPMorgan Chase & Co. now owns 36,668 shares of the company’s stock worth $1,747,000 after buying an additional 35,594 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in shares of Choice Hotels International during the second quarter worth about $1,510,000. 49.90% of the stock is currently owned by institutional investors.
Shares of Choice Hotels International Inc. (NYSE:CHH) traded down 0.77% on Thursday, reaching $44.01. The company’s stock had a trading volume of 17,522 shares. The company has a market cap of $2.45 billion, a P/E ratio of 19.21 and a beta of 1.17. Choice Hotels International Inc. has a 52-week low of $40.78 and a 52-week high of $54.66. The company has a 50 day moving average price of $46.61 and a 200 day moving average price of $48.17.
Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $241.80 million for the quarter, compared to analyst estimates of $244.21 million. Choice Hotels International had a negative return on equity of 33.53% and a net margin of 14.32%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS. On average, analysts anticipate that Choice Hotels International Inc. will post $2.40 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a $0.205 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.82 annualized dividend and a dividend yield of 1.85%. Choice Hotels International’s dividend payout ratio is currently 36.28%.
CHH has been the topic of a number of recent analyst reports. Bank of America Corp. reaffirmed a “buy” rating on shares of Choice Hotels International in a research report on Monday, July 18th. Wolfe Research initiated coverage on Choice Hotels International in a research report on Wednesday, July 6th. They set a “market perform” rating on the stock. Morgan Stanley reaffirmed a “sell” rating and set a $48.00 target price on shares of Choice Hotels International in a research report on Wednesday, August 3rd. Zacks Investment Research lowered Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Choice Hotels International in a research report on Sunday, June 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $48.78.
In other news, insider Patrick Cimerola sold 13,515 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $48.21, for a total value of $651,558.15. Following the transaction, the insider now directly owns 50,882 shares in the company, valued at approximately $2,453,021.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen P. Joyce sold 32,000 shares of the firm’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $45.09, for a total value of $1,442,880.00. Following the completion of the transaction, the chief executive officer now owns 180,548 shares in the company, valued at $8,140,909.32. The disclosure for this sale can be found here. 22.30% of the stock is owned by insiders.
Choice Hotels International Company Profile
Choice Hotels International, Inc (Choice) is a hotel franchisor. The Company operates in two segments: hotel franchising business and SkyTouch Technology (SkyTouch). It operates approximately 6,420 hotels open and over 720 hotels under construction, representing approximately 507,480 rooms open and over 58,130 rooms under construction, awaiting conversion or approved for development in approximately 50 states, the District of Columbia and over 35 countries and territories outside the United States.
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