Bamco Inc. NY Has $614.54 Million Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Bamco Inc. NY decreased its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,716,314 shares of the company’s stock after selling 53,727 shares during the quarter. Choice Hotels International accounts for about 1.6% of Bamco Inc. NY’s portfolio, making the stock its 12th largest holding. Bamco Inc. NY owned approximately 10.05% of Choice Hotels International worth $614,536,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CHH. Blue Trust Inc. grew its holdings in shares of Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares in the last quarter. Tortoise Investment Management LLC grew its stake in Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Choice Hotels International by 1,146.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after buying an additional 367 shares in the last quarter. Hantz Financial Services Inc. bought a new position in Choice Hotels International in the 2nd quarter valued at about $56,000. Finally, Quest Partners LLC acquired a new position in shares of Choice Hotels International in the 2nd quarter valued at approximately $69,000. Institutional investors own 65.57% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares in the company, valued at $5,940,623.52. The trade was a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,437 shares of company stock valued at $9,788,980. 24.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CHH has been the topic of several analyst reports. Morgan Stanley increased their price target on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft raised their target price on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Barclays boosted their price target on Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a report on Tuesday, November 5th. Robert W. Baird raised their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $130.00.

Choice Hotels International Stock Performance

NYSE:CHH opened at $151.24 on Monday. The stock’s 50-day moving average is $139.24 and its 200-day moving average is $127.73. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $153.81. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The stock has a market cap of $7.09 billion, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. Equities research analysts anticipate that Choice Hotels International, Inc. will post 6.84 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Choice Hotels International Company 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.