International Assets Investment Management LLC Purchases Shares of 21,187 Choice Hotels International, Inc. (NYSE:CHH)

International Assets Investment Management LLC acquired a new position in Choice Hotels International, Inc. (NYSE:CHH) in the fourth quarter, Holdings Channel.com reports. The firm acquired 21,187 shares of the company’s stock, valued at approximately $24,000,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHH. Fenimore Asset Management Inc. lifted its position in Choice Hotels International by 3.3% in the 4th quarter. Fenimore Asset Management Inc. now owns 172,308 shares of the company’s stock worth $19,522,000 after buying an additional 5,580 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Choice Hotels International by 74.6% in the 4th quarter. Pacer Advisors Inc. now owns 3,739 shares of the company’s stock worth $424,000 after acquiring an additional 1,598 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Choice Hotels International by 19.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,870 shares of the company’s stock valued at $439,000 after purchasing an additional 623 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new position in shares of Choice Hotels International during the 3rd quarter valued at $4,848,000. Finally, Tudor Investment Corp Et Al grew its holdings in shares of Choice Hotels International by 34.5% during the 3rd quarter. Tudor Investment Corp Et Al now owns 126,409 shares of the company’s stock valued at $15,486,000 after purchasing an additional 32,456 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Trading Up 0.6 %

Shares of NYSE:CHH opened at $120.70 on Friday. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $136.02. The company has a market cap of $6.00 billion, a P/E ratio of 23.85, a PEG ratio of 1.95 and a beta of 1.21. The stock’s fifty day moving average price is $121.27 and its 200-day moving average price is $117.09.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $358.40 million during the quarter, compared to analyst estimates of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. Choice Hotels International’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. Sell-side analysts expect that Choice Hotels International, Inc. will post 6.46 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.95%. Choice Hotels International’s dividend payout ratio (DPR) is 22.73%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHH. Barclays cut their price target on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Truist Financial boosted their price target on Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Robert W. Baird decreased their price objective on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and raised their target price for the company from $96.00 to $156.00 in a research note on Monday, March 11th. Finally, StockNews.com cut shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and an average price target of $130.80.

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.