ETRADE Capital Management LLC acquired a new stake in shares of Choice Hotels International Inc (NYSE:CHH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,261 shares of the company’s stock, valued at approximately $331,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CHH. Dimensional Fund Advisors LP lifted its holdings in Choice Hotels International by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 946,179 shares of the company’s stock worth $60,461,000 after buying an additional 20,667 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Choice Hotels International by 7.3% during the 3rd quarter. Macquarie Group Ltd. now owns 879,613 shares of the company’s stock worth $56,207,000 after buying an additional 60,156 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Choice Hotels International by 23.3% during the 3rd quarter. Citadel Advisors LLC now owns 410,736 shares of the company’s stock worth $26,246,000 after buying an additional 77,569 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Choice Hotels International by 21.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 352,489 shares of the company’s stock worth $27,353,000 after buying an additional 61,900 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its holdings in Choice Hotels International by 13.5% during the 4th quarter. OppenheimerFunds Inc. now owns 352,272 shares of the company’s stock worth $27,336,000 after buying an additional 41,782 shares during the last quarter. Hedge funds and other institutional investors own 51.51% of the company’s stock.

How to Become a New Pot Stock Millionaire

Shares of Choice Hotels International Inc (NYSE CHH) opened at $83.65 on Wednesday. The stock has a market capitalization of $4,804.29, a P/E ratio of 41.21, a P/E/G ratio of 2.38 and a beta of 1.15. Choice Hotels International Inc has a 1-year low of $59.60 and a 1-year high of $84.75. The company has a debt-to-equity ratio of -3.42, a current ratio of 1.37 and a quick ratio of 1.37.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $237.57 million for the quarter, compared to the consensus estimate of $227.65 million. Choice Hotels International had a negative return on equity of 68.40% and a net margin of 11.40%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. analysts forecast that Choice Hotels International Inc will post 3.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Monday, April 2nd will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, March 29th. Choice Hotels International’s dividend payout ratio (DPR) is 42.36%.

A number of research firms have commented on CHH. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Tuesday, January 9th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $72.00 target price (down previously from $73.00) on shares of Choice Hotels International in a report on Wednesday, February 21st. UBS Group raised Choice Hotels International from a “sell” rating to a “neutral” rating in a report on Monday, February 26th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $88.00 target price (up previously from $86.00) on shares of Choice Hotels International in a report on Wednesday, February 21st. Finally, SunTrust Banks increased their target price on Choice Hotels International to $82.00 and gave the stock a “hold” rating in a report on Wednesday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $77.13.

In related news, insider Patrick Cimerola sold 15,784 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $79.95, for a total value of $1,261,930.80. Following the sale, the insider now owns 44,780 shares of the company’s stock, valued at approximately $3,580,161. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP John Bonds sold 14,820 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $83.50, for a total value of $1,237,470.00. Following the completion of the sale, the senior vice president now directly owns 14,272 shares in the company, valued at approximately $1,191,712. The disclosure for this sale can be found here. In the last three months, insiders sold 61,995 shares of company stock worth $4,992,967. Company insiders own 22.01% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “ETRADE Capital Management LLC Acquires New Position in Choice Hotels International Inc (CHH)” was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was illegally copied and reposted in violation of US and international copyright & trademark laws. The correct version of this story can be accessed at https://www.dailypolitical.com/2018/03/14/etrade-capital-management-llc-acquires-new-position-in-choice-hotels-international-inc-chh.html.

Choice Hotels International Profile

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.

Want to see what other hedge funds are holding CHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Choice Hotels International Inc (NYSE:CHH).

Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.