Los Angeles Capital Management & Equity Research Inc. Has $26.83 Million Stake in Choice Hotels International, Inc. (CHH)

Los Angeles Capital Management & Equity Research Inc. reduced its stake in Choice Hotels International, Inc. (NYSE:CHH) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,857 shares of the company’s stock after selling 23,100 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.74% of Choice Hotels International worth $26,829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Choice Hotels International by 7.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after acquiring an additional 197,890 shares during the last quarter. BlackRock Inc. raised its stake in Choice Hotels International by 2,026.0% during the 1st quarter. BlackRock Inc. now owns 2,343,529 shares of the company’s stock valued at $146,706,000 after buying an additional 2,233,299 shares during the last quarter. Victory Capital Management Inc. raised its stake in Choice Hotels International by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock valued at $73,386,000 after buying an additional 162,255 shares during the last quarter. Atlanta Capital Management Co. L L C raised its stake in Choice Hotels International by 4.2% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 888,607 shares of the company’s stock valued at $57,093,000 after buying an additional 35,925 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in Choice Hotels International by 3.9% during the 2nd quarter. Macquarie Group Ltd. now owns 819,457 shares of the company’s stock valued at $52,650,000 after buying an additional 30,594 shares during the last quarter. Institutional investors own 50.22% of the company’s stock.

In other Choice Hotels International news, insider David A. Pepper sold 1,071 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $61.09, for a total transaction of $65,427.39. Following the completion of the transaction, the insider now owns 69,864 shares of the company’s stock, valued at approximately $4,267,991.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Bruce Bainum sold 7,977 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $62.15, for a total transaction of $495,770.55. The disclosure for this sale can be found here. Insiders have sold a total of 290,320 shares of company stock valued at $21,002,787 in the last three months. Insiders own 22.01% of the company’s stock.

CHH has been the subject of a number of research reports. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b” rating in a research note on Wednesday, October 18th. BidaskClub lowered Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Tuesday, October 17th. SunTrust Banks, Inc. restated a “hold” rating and issued a $71.00 price objective on shares of Choice Hotels International in a research note on Friday, November 10th. Finally, Deutsche Bank AG reduced their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $65.00.

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Shares of Choice Hotels International, Inc. (CHH) traded up $0.25 during trading on Wednesday, reaching $74.35. 207,200 shares of the company traded hands, compared to its average volume of 201,508. The company has a market cap of $4,193.60, a P/E ratio of 26.37, a P/E/G ratio of 3.05 and a beta of 1.13. The company has a debt-to-equity ratio of -3.99, a current ratio of 1.67 and a quick ratio of 1.67. Choice Hotels International, Inc. has a one year low of $49.65 and a one year high of $76.41.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 6th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.03. The company had revenue of $295.09 million during the quarter, compared to the consensus estimate of $288.50 million. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. Choice Hotels International’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.84 EPS. analysts anticipate that Choice Hotels International, Inc. will post 2.89 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Monday, October 2nd were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, September 29th. Choice Hotels International’s dividend payout ratio is currently 31.85%.

About Choice Hotels International

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

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

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