Russell Investments Group Ltd. Buys 2,047 Shares of Choice Hotels International Inc (CHH)
Russell Investments Group Ltd. raised its stake in shares of Choice Hotels International Inc (NYSE:CHH) by 39.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,234 shares of the company’s stock after buying an additional 2,047 shares during the quarter. Russell Investments Group Ltd.’s holdings in Choice Hotels International were worth $463,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in CHH. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Choice Hotels International by 10.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,611 shares of the company’s stock worth $104,000 after purchasing an additional 157 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Choice Hotels International by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,651 shares of the company’s stock worth $106,000 after purchasing an additional 106 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Choice Hotels International in the 2nd quarter worth $108,000. New York State Teachers Retirement System bought a new stake in shares of Choice Hotels International in the 3rd quarter worth $192,000. Finally, Balyasny Asset Management LLC bought a new stake in shares of Choice Hotels International in the 2nd quarter worth $292,000. Institutional investors and hedge funds own 50.76% of the company’s stock.
In other Choice Hotels International news, CEO Patrick Pacious sold 11,149 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $75.78, for a total transaction of $844,871.22. Following the completion of the sale, the chief executive officer now owns 124,073 shares of the company’s stock, valued at $9,402,251.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bruce Bainum sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $74.05, for a total value of $18,512,500.00. The disclosure for this sale can be found here. Insiders own 22.01% of the company’s stock.
Shares of Choice Hotels International Inc (NYSE CHH) opened at $77.25 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of -3.99. Choice Hotels International Inc has a fifty-two week low of $53.40 and a fifty-two week high of $79.80. The company has a market capitalization of $4,370.00, a price-to-earnings ratio of 28.61, a P/E/G ratio of 2.50 and a beta of 1.17.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The company had revenue of $295.09 million during the quarter, compared to analyst estimates of $288.50 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Choice Hotels International’s revenue was up 10.3% compared to the same quarter last year. analysts forecast that Choice Hotels International Inc will post 2.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, December 29th. Choice Hotels International’s dividend payout ratio is presently 31.85%.
Several analysts recently commented on CHH shares. TheStreet raised Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and issued a $71.00 price objective on shares of Choice Hotels International in a report on Friday, November 10th. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price objective for the company. in a report on Wednesday, December 13th. Finally, Barclays lifted their price objective on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company. Choice Hotels International currently has an average rating of “Hold” and a consensus target price of $67.38.
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About Choice Hotels International
Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.
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