Malaga Cove Capital LLC Has $265,000 Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Malaga Cove Capital LLC boosted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 8.0% in the third quarter, HoldingsChannel reports. The firm owned 2,034 shares of the company’s stock after acquiring an additional 150 shares during the period. Malaga Cove Capital LLC’s holdings in Choice Hotels International were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CHH. State Board of Administration of Florida Retirement System grew its holdings in shares of Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after purchasing an additional 5,156 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Choice Hotels International by 62.8% during the 1st quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after acquiring an additional 8,485 shares during the last quarter. Twin Tree Management LP bought a new stake in Choice Hotels International during the 1st quarter worth about $6,248,000. SG Americas Securities LLC increased its position in Choice Hotels International by 161.3% in the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock valued at $1,231,000 after acquiring an additional 6,384 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Choice Hotels International by 7.7% in the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after acquiring an additional 195,956 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CHH. The Goldman Sachs Group increased their price target on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday. Robert W. Baird increased their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group dropped their target price on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Barclays raised their price target on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, Jefferies Financial Group cut Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Wednesday. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $128.70.

Choice Hotels International Price Performance

Choice Hotels International stock opened at $143.92 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The firm has a market capitalization of $6.79 billion, a P/E ratio of 27.57, a PEG ratio of 2.15 and a beta of 1.24. The business has a 50-day moving average of $132.10 and a 200-day moving average of $124.43. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $149.75.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.82 earnings per share. On average, equities analysts anticipate that Choice Hotels International, Inc. will post 6.78 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s payout ratio is presently 22.03%.

Insiders Place Their Bets

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the transaction, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,429 shares of company stock worth $4,866,493. Corporate insiders own 24.02% of the company’s stock.

Choice Hotels International Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.