Envestnet Asset Management Inc. Sells 20,683 Shares of Choice Hotels International, Inc. $CHH

Envestnet Asset Management Inc. lowered its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 277,146 shares of the company’s stock after selling 20,683 shares during the period. Envestnet Asset Management Inc. owned about 0.60% of Choice Hotels International worth $35,164,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CHH. Millennium Management LLC bought a new position in shares of Choice Hotels International during the 1st quarter valued at $49,799,000. Cubist Systematic Strategies LLC bought a new stake in Choice Hotels International in the 1st quarter worth $25,673,000. Vanguard Group Inc. grew its holdings in Choice Hotels International by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 2,556,589 shares of the company’s stock worth $339,464,000 after acquiring an additional 133,216 shares during the last quarter. Nuveen LLC bought a new stake in Choice Hotels International in the 1st quarter worth $9,351,000. Finally, Invesco Ltd. grew its holdings in Choice Hotels International by 45.9% in the 1st quarter. Invesco Ltd. now owns 195,750 shares of the company’s stock worth $25,992,000 after acquiring an additional 61,562 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Choice Hotels International in a report on Thursday. Morgan Stanley cut their price target on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a report on Wednesday, October 22nd. UBS Group cut their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Barclays cut their price target on shares of Choice Hotels International from $117.00 to $101.00 and set an “underweight” rating on the stock in a report on Friday, October 3rd. Finally, Bank of America lowered shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price target on the stock. in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $126.77.

Choice Hotels International Trading Up 0.5%

NYSE:CHH opened at $93.03 on Monday. The company has a 50-day moving average price of $107.23 and a 200-day moving average price of $120.15. Choice Hotels International, Inc. has a 12 month low of $90.97 and a 12 month high of $157.86. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 6.60 and a beta of 0.83.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.90 by $0.02. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The firm had revenue of $426.44 million during the quarter, compared to analysts’ expectations of $430.13 million. During the same period last year, the company posted $1.84 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Investors of record on Wednesday, October 1st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is 17.69%.

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.