Townsquare Capital LLC Boosts Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Townsquare Capital LLC increased its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 9.1% in the third quarter, Holdings Channel.com reports. The firm owned 17,388 shares of the company’s stock after acquiring an additional 1,457 shares during the period. Townsquare Capital LLC’s holdings in Choice Hotels International were worth $2,266,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after buying an additional 1,788,563 shares during the last quarter. Boston Trust Walden Corp grew its position in Choice Hotels International by 0.9% during the 2nd quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock worth $112,046,000 after acquiring an additional 8,033 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Choice Hotels International by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock worth $80,340,000 after purchasing an additional 26,289 shares during the period. Raymond James & Associates lifted its position in Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after purchasing an additional 113,951 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Choice Hotels International by 51.5% in the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after purchasing an additional 90,765 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CHH shares. Morgan Stanley upped their price target on shares of Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Susquehanna increased their target price on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Truist Financial reduced their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Jefferies Financial Group cut Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a report on Wednesday, November 6th. Finally, Barclays boosted their target price on Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Choice Hotels International has a consensus rating of “Hold” and a consensus target price of $130.00.

Choice Hotels International Trading Up 0.4 %

NYSE:CHH opened at $151.24 on Friday. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 2.38 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The business has a fifty day moving average price of $139.24 and a 200-day moving average price of $127.66. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $153.81.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 earnings per share. Sell-side analysts forecast that Choice Hotels International, Inc. will post 6.83 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.76%. Choice Hotels International’s payout ratio is currently 22.03%.

Insider Transactions at Choice Hotels International

In related news, insider Patrick Cimerola sold 1,714 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the transaction, the insider now owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This represents a 8.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares in the company, valued at $5,940,623.52. The trade was a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,437 shares of company stock valued at $9,788,980 over the last three months. Corporate insiders own 24.02% of the company’s stock.

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.