Choice Hotels International Inc (CHH) Position Reduced by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its stake in Choice Hotels International Inc (NYSE:CHH) by 25.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 15,490 shares of the company’s stock after selling 5,152 shares during the quarter. WINTON GROUP Ltd’s holdings in Choice Hotels International were worth $1,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHH. Swiss National Bank increased its holdings in Choice Hotels International by 2.2% in the 1st quarter. Swiss National Bank now owns 63,967 shares of the company’s stock worth $5,127,000 after acquiring an additional 1,400 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Choice Hotels International by 9.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 185,468 shares of the company’s stock worth $14,866,000 after acquiring an additional 15,706 shares in the last quarter. Aperio Group LLC increased its holdings in Choice Hotels International by 8.9% in the 1st quarter. Aperio Group LLC now owns 9,112 shares of the company’s stock worth $730,000 after acquiring an additional 741 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Choice Hotels International by 195.2% in the 1st quarter. Russell Investments Group Ltd. now owns 21,358 shares of the company’s stock worth $1,711,000 after acquiring an additional 14,124 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Choice Hotels International in the 1st quarter worth $1,921,000. 54.69% of the stock is owned by institutional investors.

In other news, insider Patrick Cimerola sold 5,180 shares of the company’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $83.05, for a total transaction of $430,199.00. Following the completion of the sale, the insider now owns 26,009 shares of the company’s stock, valued at $2,160,047.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Pacious sold 35,350 shares of the company’s stock in a transaction on Friday, September 21st. The stock was sold at an average price of $82.33, for a total transaction of $2,910,365.50. Following the sale, the chief executive officer now directly owns 139,498 shares of the company’s stock, valued at approximately $11,484,870.34. The disclosure for this sale can be found here. Insiders have sold 50,143 shares of company stock valued at $4,129,023 in the last ninety days. Insiders own 22.01% of the company’s stock.

CHH has been the subject of several recent analyst reports. ValuEngine lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Longbow Research initiated coverage on shares of Choice Hotels International in a report on Friday, September 7th. They issued a “buy” rating and a $95.00 price target for the company. Jefferies Financial Group initiated coverage on shares of Choice Hotels International in a report on Thursday, May 31st. They issued a “hold” rating and a $85.00 price target for the company. Zacks Investment Research lowered shares of Choice Hotels International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of Choice Hotels International in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.22.

Choice Hotels International stock opened at $83.20 on Thursday. Choice Hotels International Inc has a 52-week low of $62.95 and a 52-week high of $85.35. The firm has a market cap of $4.69 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.59 and a beta of 1.06. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of -3.90.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, August 8th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.07. Choice Hotels International had a net margin of 14.08% and a negative return on equity of 87.57%. The business had revenue of $295.40 million during the quarter, compared to analyst estimates of $307.89 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. equities research analysts anticipate that Choice Hotels International Inc will post 3.76 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Tuesday, October 2nd will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Monday, October 1st. Choice Hotels International’s payout ratio is 29.86%.

Choice Hotels International Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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.

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

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