Quantinno Capital Management LP Boosts Stock Holdings in Choice Hotels International, Inc. $CHH

Quantinno Capital Management LP lifted its position in Choice Hotels International, Inc. (NYSE:CHH) by 35.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 258,355 shares of the company’s stock after acquiring an additional 67,697 shares during the quarter. Quantinno Capital Management LP’s holdings in Choice Hotels International were worth $26,740,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Teza Capital Management LLC boosted its holdings in Choice Hotels International by 5.0% during the second quarter. Teza Capital Management LLC now owns 2,051 shares of the company’s stock worth $260,000 after purchasing an additional 98 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Choice Hotels International by 2.4% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 4,243 shares of the company’s stock valued at $439,000 after buying an additional 100 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Choice Hotels International by 1.2% in the 4th quarter. Atlantic Union Bankshares Corp now owns 9,174 shares of the company’s stock valued at $874,000 after buying an additional 112 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Choice Hotels International by 0.9% during the 2nd quarter. Treasurer of the State of North Carolina now owns 12,626 shares of the company’s stock worth $1,602,000 after buying an additional 112 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Choice Hotels International by 10.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,661 shares of the company’s stock worth $172,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 2,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the sale, the chief financial officer directly owned 35,172 shares in the company, valued at $3,868,920. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 23.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CHH has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on Choice Hotels International from $98.00 to $99.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Susquehanna reduced their price objective on Choice Hotels International from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on Choice Hotels International in a research note on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Choice Hotels International in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lifted their target price on Choice Hotels International from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $111.00.

Choice Hotels International Trading Up 0.1%

Shares of CHH stock opened at $111.73 on Friday. The company has a 50 day moving average of $110.84 and a 200-day moving average of $108.28. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 14.58. Choice Hotels International, Inc. has a 12-month low of $84.04 and a 12-month high of $129.88. The firm has a market cap of $5.08 billion, a P/E ratio of 15.06, a PEG ratio of 4.43 and a beta of 0.67.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.28). Choice Hotels International had a return on equity of 281.98% and a net margin of 21.55%.The company had revenue of $340.57 million during the quarter, compared to the consensus estimate of $333.48 million. During the same period last year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.14 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 15.50%.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.