Fenimore Asset Management Inc. Boosts Stake in Choice Hotels International Inc (CHH)
Fenimore Asset Management Inc. lifted its position in Choice Hotels International Inc (NYSE:CHH) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 181,435 shares of the company’s stock after purchasing an additional 1,780 shares during the quarter. Fenimore Asset Management Inc.’s holdings in Choice Hotels International were worth $12,987,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in shares of Choice Hotels International by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 16,523 shares of the company’s stock worth $1,376,000 after purchasing an additional 366 shares in the last quarter. Vanguard Group Inc boosted its holdings in Choice Hotels International by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 2,924,825 shares of the company’s stock valued at $243,638,000 after acquiring an additional 50,729 shares during the period. Federated Investors Inc. PA boosted its holdings in Choice Hotels International by 18.8% during the 3rd quarter. Federated Investors Inc. PA now owns 93,272 shares of the company’s stock valued at $7,770,000 after acquiring an additional 14,730 shares during the period. Marshall Wace North America L.P. purchased a new stake in Choice Hotels International during the 3rd quarter valued at about $295,000. Finally, Vanguard Group Inc. boosted its holdings in Choice Hotels International by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,924,825 shares of the company’s stock valued at $243,638,000 after acquiring an additional 50,729 shares during the period. Hedge funds and other institutional investors own 56.27% of the company’s stock.
CHH has been the subject of several analyst reports. ValuEngine upgraded Choice Hotels International from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Wells Fargo & Co restated a “hold” rating on shares of Choice Hotels International in a report on Tuesday, December 11th. Zacks Investment Research cut Choice Hotels International from a “hold” rating to a “sell” rating in a report on Friday, October 12th. JPMorgan Chase & Co. dropped their target price on Choice Hotels International to $71.00 and set an “underweight” rating for the company in a report on Friday, November 9th. Finally, Jefferies Financial Group set a $83.00 target price on Choice Hotels International and gave the company a “hold” rating in a report on Friday, November 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Choice Hotels International has an average rating of “Hold” and an average price target of $80.89.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Thursday, November 8th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $291.50 million during the quarter, compared to analyst estimates of $321.69 million. Choice Hotels International had a negative return on equity of 98.61% and a net margin of 17.26%. Choice Hotels International’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 EPS. On average, analysts anticipate that Choice Hotels International Inc will post 3.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, December 31st. Choice Hotels International’s payout ratio is 29.86%.
Choice Hotels International Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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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