Elo Mutual Pension Insurance Co bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,642 shares of the company’s stock, valued at approximately $2,100,000.
Several other hedge funds have also modified their holdings of the stock. Hantz Financial Services Inc. increased its stake in Choice Hotels International by 23.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 434 shares of the company’s stock worth $55,000 after purchasing an additional 83 shares in the last quarter. Teza Capital Management LLC boosted its holdings in shares of Choice Hotels International by 5.0% in the second quarter. Teza Capital Management LLC now owns 2,051 shares of the company’s stock worth $260,000 after buying an additional 98 shares during the period. Malaga Cove Capital LLC increased its position in shares of Choice Hotels International by 5.4% in the second quarter. Malaga Cove Capital LLC now owns 1,955 shares of the company’s stock worth $248,000 after acquiring an additional 100 shares in the last quarter. Claret Asset Management Corp raised its holdings in shares of Choice Hotels International by 6.6% during the second quarter. Claret Asset Management Corp now owns 1,817 shares of the company’s stock valued at $231,000 after acquiring an additional 112 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of Choice Hotels International by 0.9% in the 2nd quarter. Treasurer of the State of North Carolina now owns 12,626 shares of the company’s stock valued at $1,602,000 after acquiring an additional 112 shares in the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.
Choice Hotels International Stock Performance
Shares of NYSE CHH opened at $104.36 on Thursday. The company has a debt-to-equity ratio of 10.52, a current ratio of 0.87 and a quick ratio of 0.87. Choice Hotels International, Inc. has a one year low of $84.04 and a one year high of $147.51. The business’s 50-day moving average price is $105.01 and its two-hundred day moving average price is $102.96. The company has a market capitalization of $4.80 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 4.69 and a beta of 0.75.
Choice Hotels International Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 1st. Choice Hotels International’s payout ratio is currently 14.52%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Morgan Stanley set a $91.00 price objective on shares of Choice Hotels International in a research report on Friday, January 16th. Weiss Ratings raised Choice Hotels International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 9th. Barclays upped their price target on Choice Hotels International from $98.00 to $101.00 and gave the company an “underweight” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on Choice Hotels International from $95.00 to $102.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Finally, UBS Group lowered their target price on Choice Hotels International from $120.00 to $118.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $111.93.
Get Our Latest Report on Choice Hotels International
Insider Activity at Choice Hotels International
In other news, SVP Simone Wu sold 8,080 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $101.56, for a total transaction of $820,604.80. Following the transaction, the senior vice president owned 48,803 shares in the company, valued at $4,956,432.68. This represents a 14.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.78% of the stock is currently owned by company insiders.
Choice Hotels International Profile
Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.
Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.
Recommended Stories
- Five stocks we like better than Choice Hotels International
- The gold chart Wall Street is terrified of…
- America’s 1776 happening again
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
Want to see what other hedge funds are holding CHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Choice Hotels International, Inc. (NYSE:CHH – Free Report).
Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.
