Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Choice Hotels International, Inc. (NYSE:CHHGet Rating) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,992 shares of the company’s stock after purchasing an additional 254 shares during the period. Mackenzie Financial Corp’s holdings in Choice Hotels International were worth $892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Choice Hotels International by 128.8% in the 1st quarter. SG Americas Securities LLC now owns 10,351 shares of the company’s stock valued at $1,467,000 after acquiring an additional 5,826 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Choice Hotels International by 24.8% during the first quarter. Envestnet Asset Management Inc. now owns 22,797 shares of the company’s stock valued at $3,232,000 after purchasing an additional 4,533 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in Choice Hotels International by 199.3% in the first quarter. Advisor Group Holdings Inc. now owns 2,496 shares of the company’s stock worth $1,268,000 after purchasing an additional 1,662 shares during the period. California Public Employees Retirement System grew its position in Choice Hotels International by 1.1% in the 1st quarter. California Public Employees Retirement System now owns 78,181 shares of the company’s stock valued at $11,083,000 after buying an additional 866 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Choice Hotels International by 20.6% during the 1st quarter. Russell Investments Group Ltd. now owns 18,623 shares of the company’s stock valued at $2,645,000 after buying an additional 3,181 shares during the period. Institutional investors own 61.37% of the company’s stock.

Choice Hotels International Stock Down 2.1 %

NYSE:CHH opened at $119.91 on Thursday. The business’s fifty day moving average price is $118.59 and its 200 day moving average price is $118.69. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.07 and a beta of 1.30. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.06. Choice Hotels International, Inc. has a 1-year low of $104.15 and a 1-year high of $157.46.

Choice Hotels International (NYSE:CHHGet Rating) last issued its earnings results on Monday, November 7th. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.13). The business had revenue of $414.30 million during the quarter, compared to analyst estimates of $374.90 million. Choice Hotels International had a net margin of 25.72% and a return on equity of 87.75%. Choice Hotels International’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.51 EPS. On average, sell-side analysts forecast that Choice Hotels International, Inc. will post 5.17 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Monday, October 3rd were paid a dividend of $0.2375 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, September 30th. Choice Hotels International’s dividend payout ratio (DPR) is currently 15.63%.

Wall Street Analyst Weigh In

CHH has been the subject of several recent analyst reports. Wells Fargo & Company cut shares of Choice Hotels International from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $130.00 to $123.00 in a report on Monday, August 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on Choice Hotels International from $117.00 to $112.00 in a research note on Tuesday, November 8th. UBS Group lowered Choice Hotels International from a “buy” rating to a “neutral” rating and cut their price objective for the company from $167.00 to $124.00 in a report on Tuesday, August 2nd. Barclays lowered their target price on Choice Hotels International from $108.00 to $107.00 and set an “underweight” rating on the stock in a report on Tuesday, November 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Choice Hotels International from $126.00 to $110.00 and set an “underweight” rating for the company in a report on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $124.22.

Insider Buying and Selling at Choice Hotels International

In other news, insider Patrick Cimerola sold 6,723 shares of the company’s stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $117.16, for a total value of $787,666.68. Following the transaction, the insider now directly owns 24,612 shares of the company’s stock, valued at $2,883,541.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Simone Wu sold 6,342 shares of Choice Hotels International stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $120.82, for a total transaction of $766,240.44. Following the completion of the sale, the senior vice president now directly owns 39,147 shares in the company, valued at approximately $4,729,740.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Patrick Cimerola sold 6,723 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The shares were sold at an average price of $117.16, for a total value of $787,666.68. Following the completion of the sale, the insider now directly owns 24,612 shares of the company’s stock, valued at approximately $2,883,541.92. The disclosure for this sale can be found here. Insiders sold 49,788 shares of company stock valued at $6,067,739 in the last quarter. Company insiders own 20.84% of the company’s stock.

Choice Hotels International Company Profile

(Get Rating)

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

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

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