Oppenheimer Asset Management Inc. Increases Position in Choice Hotels International Inc (CHH)

Oppenheimer Asset Management Inc. increased its stake in shares of Choice Hotels International Inc (NYSE:CHH) by 13.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,559 shares of the company’s stock after acquiring an additional 303 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Choice Hotels International were worth $199,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Enlightenment Research LLC bought a new stake in Choice Hotels International in the 4th quarter valued at $29,000. Captrust Financial Advisors increased its holdings in Choice Hotels International by 85.7% in the 4th quarter. Captrust Financial Advisors now owns 531 shares of the company’s stock valued at $38,000 after buying an additional 245 shares during the period. ETF Managers Group LLC increased its holdings in Choice Hotels International by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 1,628 shares of the company’s stock valued at $117,000 after buying an additional 222 shares during the period. Paloma Partners Management Co bought a new stake in Choice Hotels International in the 4th quarter valued at $204,000. Finally, Alta Capital Management LLC bought a new stake in Choice Hotels International in the 1st quarter valued at $248,000. 59.22% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider David A. Pepper sold 7,655 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $79.76, for a total value of $610,562.80. Following the sale, the insider now owns 90,483 shares in the company, valued at approximately $7,216,924.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 6,410 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $77.72, for a total transaction of $498,185.20. Following the completion of the sale, the insider now owns 17,216 shares in the company, valued at approximately $1,338,027.52. The disclosure for this sale can be found here. 24.90% of the stock is currently owned by insiders.

Shares of NYSE:CHH opened at $83.29 on Friday. Choice Hotels International Inc has a 52 week low of $66.71 and a 52 week high of $87.25. The firm has a market capitalization of $4.64 billion, a PE ratio of 21.41, a PEG ratio of 2.52 and a beta of 1.10.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, May 9th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09. Choice Hotels International had a net margin of 21.08% and a negative return on equity of 124.34%. The company had revenue of $218.30 million for the quarter, compared to the consensus estimate of $221.84 million. During the same quarter in the previous year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Choice Hotels International Inc will post 4.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Tuesday, July 2nd will be paid a $0.215 dividend. The ex-dividend date is Monday, July 1st. This represents a $0.86 annualized dividend and a dividend yield of 1.03%. Choice Hotels International’s dividend payout ratio is presently 22.11%.

CHH has been the topic of several analyst reports. SunTrust Banks boosted their price target on shares of Choice Hotels International from $80.00 to $87.00 and gave the company a “hold” rating in a report on Tuesday, February 19th. Deutsche Bank reissued a “hold” rating and issued a $76.00 price target on shares of Choice Hotels International in a report on Sunday, February 17th. Finally, Zacks Investment Research lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Choice Hotels International presently has a consensus rating of “Hold” and an average target price of $82.88.

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About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

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

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