California Public Employees Retirement System Has $6.21 Million Stake in Choice Hotels International Inc (CHH)

California Public Employees Retirement System grew its holdings in shares of Choice Hotels International Inc (NYSE:CHH) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,198 shares of the company’s stock after purchasing an additional 8,398 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Choice Hotels International worth $6,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CHH. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in 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 acquiring an additional 157 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in 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 acquiring an additional 106 shares during the last quarter. Quantbot Technologies LP purchased a new position in Choice Hotels International in the 2nd quarter worth $108,000. New York State Teachers Retirement System purchased a new position in Choice Hotels International in the 3rd quarter worth $192,000. Finally, Magnetar Financial LLC purchased a new position in Choice Hotels International in the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 50.76% of the company’s stock.

A number of equities analysts recently issued reports on CHH shares. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 target price for the company. in a research note on Wednesday, December 13th. Barclays raised their target price on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 7th. SunTrust Banks restated a “hold” rating and issued a $71.00 target price on shares of Choice Hotels International in a research note on Friday, November 10th. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, October 17th. Finally, TheStreet raised Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $67.38.

In related news, major shareholder Bruce Bainum sold 250,000 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Patrick Pacious sold 11,149 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $75.78, for a total transaction of $844,871.22. Following the completion of the transaction, the chief executive officer now directly owns 124,073 shares in the company, valued at $9,402,251.94. The disclosure for this sale can be found here. 22.01% of the stock is owned by company insiders.

Shares of Choice Hotels International Inc (NYSE CHH) opened at $77.25 on Friday. The firm has a market capitalization of $4,370.00, a PE ratio of 28.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. Choice Hotels International Inc has a 12-month low of $53.40 and a 12-month high of $79.80.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.03. The company had revenue of $295.09 million for the quarter, compared to the consensus estimate of $288.50 million. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. equities analysts anticipate that Choice Hotels International Inc will post 2.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, December 29th. Choice Hotels International’s dividend payout ratio (DPR) is presently 31.85%.

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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.

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

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