422 Shares in Choice Hotels International, Inc. (NYSE:CHH) Bought by Anchor Investment Management LLC

Anchor Investment Management LLC bought a new stake in Choice Hotels International, Inc. (NYSE:CHH) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 422 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 141 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of 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 purchasing an additional 367 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Choice Hotels International in the second quarter worth $56,000. Finally, Quarry LP acquired a new stake in Choice Hotels International in the third quarter valued at $63,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHH has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday. Robert W. Baird upped their target price on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Wells Fargo & Company assumed coverage on shares of Choice Hotels International in a research note on Thursday, December 5th. They issued an “underweight” rating and a $133.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $134.18.

Choice Hotels International Stock Up 0.0 %

Shares of NYSE CHH opened at $146.45 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a market cap of $6.87 billion, a PE ratio of 28.06, a P/E/G ratio of 2.30 and a beta of 1.23. The company’s fifty day simple moving average is $142.50 and its 200 day simple moving average is $129.86. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $153.81.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same period last year, the business posted $1.82 EPS. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts forecast that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio is 22.03%.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. The trade was a 6.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was 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 directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This trade represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,412 shares of company stock valued at $8,582,271 over the last ninety days. 24.02% of the stock is owned by company insiders.

About Choice Hotels International

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.