Amalgamated Bank trimmed its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,545 shares of the company’s stock after selling 677 shares during the quarter. Amalgamated Bank’s holdings in Choice Hotels International were worth $2,539,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Choice Hotels International by 131.7% during the third quarter. Bessemer Group Inc. now owns 438 shares of the company’s stock worth $48,000 after acquiring an additional 249 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Choice Hotels International by 28.0% during the second quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock worth $67,000 after acquiring an additional 131 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Choice Hotels International during the third quarter worth about $73,000. Homestead Advisers Corp increased its position in shares of Choice Hotels International by 31.2% during the fourth quarter. Homestead Advisers Corp now owns 925 shares of the company’s stock worth $104,000 after acquiring an additional 220 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of Choice Hotels International by 1,855.8% during the first quarter. Covestor Ltd now owns 1,017 shares of the company’s stock worth $144,000 after acquiring an additional 965 shares during the last quarter. 58.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CHH has been the subject of a number of research reports. Barclays decreased their price target on Choice Hotels International from $120.00 to $119.00 in a research note on Wednesday, May 10th. Morgan Stanley lifted their price target on Choice Hotels International from $130.00 to $134.00 in a research note on Friday, May 12th. Wells Fargo & Company decreased their price target on Choice Hotels International from $122.00 to $113.00 and set an “underweight” rating for the company in a research note on Thursday, March 30th. TheStreet downgraded Choice Hotels International from a “b” rating to a “c+” rating in a research note on Tuesday, May 9th. Finally, StockNews.com initiated coverage on Choice Hotels International in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $122.38.
Choice Hotels International Stock Performance
Choice Hotels International (NYSE:CHH – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.04. The company had revenue of $333.80 million during the quarter, compared to the consensus estimate of $320.43 million. Choice Hotels International had a return on equity of 129.67% and a net margin of 21.50%. Choice Hotels International’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, analysts anticipate that Choice Hotels International, Inc. will post 6 EPS for the current year.
Choice Hotels International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Investors of record on Wednesday, July 5th will be issued a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, July 3rd. Choice Hotels International’s dividend payout ratio (DPR) is 19.83%.
Insider Buying and Selling
In related news, Director William L. Jews sold 2,214 shares of the stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $119.46, for a total value of $264,484.44. Following the completion of the transaction, the director now directly owns 23,389 shares of the company’s stock, valued at approximately $2,794,049.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Choice Hotels International news, SVP Scott E. Oaksmith sold 1,680 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $126.05, for a total value of $211,764.00. Following the completion of the sale, the senior vice president now directly owns 33,394 shares in the company, valued at $4,209,313.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William L. Jews sold 2,214 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $119.46, for a total value of $264,484.44. Following the completion of the sale, the director now owns 23,389 shares of the company’s stock, valued at $2,794,049.94. The disclosure for this sale can be found here. Insiders sold 4,642 shares of company stock valued at $570,459 in the last three months. 23.07% of the stock is currently owned by corporate insiders.
About Choice Hotels International
Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.
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