Genesis Private Wealth LLC Makes New $262,000 Investment in Choice Hotels International, Inc. (NYSE:CHH)

Genesis Private Wealth LLC bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,844 shares of the company’s stock, valued at approximately $262,000.

Other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC boosted its position in shares of Choice Hotels International by 12.9% during the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after purchasing an additional 96 shares in the last quarter. Huntington National Bank lifted its position in shares of Choice Hotels International by 4.7% during the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock valued at $295,000 after acquiring an additional 101 shares during the last quarter. Aurora Investment Managers LLC. lifted its position in shares of Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock valued at $1,624,000 after acquiring an additional 113 shares during the last quarter. Malaga Cove Capital LLC boosted its position in shares of Choice Hotels International by 8.0% in the 3rd quarter. Malaga Cove Capital LLC now owns 2,034 shares of the company’s stock valued at $265,000 after purchasing an additional 150 shares during the period. Finally, Blue Trust Inc. increased its stake in Choice Hotels International by 81.4% in the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after purchasing an additional 179 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CHH shares. Jefferies Financial Group lifted their price objective on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Wells Fargo & Company initiated coverage on shares of Choice Hotels International in a research note on Thursday, December 5th. They set an “underweight” rating and a $133.00 target price for the company. Morgan Stanley reiterated an “underweight” rating and set a $129.00 price objective (down from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. Barclays raised their price target on Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Finally, StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International presently has an average rating of “Hold” and a consensus price target of $133.27.

Choice Hotels International Trading Up 1.7 %

Shares of CHH stock opened at $144.11 on Wednesday. The firm has a market capitalization of $6.76 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $153.81. The firm’s fifty day simple moving average is $144.60 and its 200 day simple moving average is $134.84.

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

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Insider Transactions at Choice Hotels International

In other news, CEO Patrick Pacious sold 7,192 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.02% of the stock is owned by insiders.

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.