Caxton Associates LP Sells 172 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Caxton Associates LP trimmed its position in Choice Hotels International, Inc. (NYSE:CHHGet Rating) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,925 shares of the company’s stock after selling 172 shares during the quarter. Caxton Associates LP’s holdings in Choice Hotels International were worth $996,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Choice Hotels International in the 1st quarter worth approximately $38,000. Parallel Advisors LLC grew its holdings in Choice Hotels International by 192.6% during the 2nd quarter. Parallel Advisors LLC now owns 275 shares of the company’s stock valued at $31,000 after buying an additional 181 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Choice Hotels International during the 2nd quarter valued at approximately $34,000. EverSource Wealth Advisors LLC purchased a new stake in Choice Hotels International during the 2nd quarter valued at approximately $60,000. Finally, Homestead Advisers Corp grew its holdings in Choice Hotels International by 25.1% during the 2nd quarter. Homestead Advisers Corp now owns 687 shares of the company’s stock valued at $77,000 after buying an additional 138 shares in the last quarter. 61.37% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Stock Up 2.6 %

NYSE CHH opened at $119.73 on Friday. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $6.38 billion, a P/E ratio of 19.69, a P/E/G ratio of 2.01 and a beta of 1.25. Choice Hotels International, Inc. has a one year low of $104.15 and a one year high of $157.46. The stock has a 50 day moving average price of $120.85 and a 200-day moving average price of $118.30.

Choice Hotels International (NYSE:CHHGet Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported $1.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.19). The company had revenue of $414.30 million during the quarter, compared to the consensus estimate of $374.90 million. Choice Hotels International had a return on equity of 87.75% and a net margin of 25.72%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 earnings per share. As a group, equities analysts predict that Choice Hotels International, Inc. will post 5.1 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Monday, October 3rd were given a $0.2375 dividend. The ex-dividend date of this dividend was Friday, September 30th. This represents a $0.95 dividend on an annualized basis and a yield of 0.79%. Choice Hotels International’s dividend payout ratio is presently 15.63%.

Insider Buying and Selling

In related news, Director Brian Bainum sold 30,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $122.44, for a total value of $3,673,200.00. Following the completion of the sale, the director now directly owns 14,196 shares in the company, valued at $1,738,158.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Brian Bainum sold 30,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $122.44, for a total value of $3,673,200.00. Following the completion of the sale, the director now directly owns 14,196 shares in the company, valued at $1,738,158.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Simone Wu sold 6,342 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $120.82, for a total value of $766,240.44. Following the completion of the sale, the senior vice president now owns 39,147 shares of the company’s stock, valued at $4,729,740.54. The disclosure for this sale can be found here. Insiders sold a total of 49,788 shares of company stock worth $6,067,739 over the last three months. 20.84% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHH shares. StockNews.com started coverage on shares of Choice Hotels International in a report on Wednesday, October 12th. They set a “hold” rating for the company. Redburn Partners started coverage on shares of Choice Hotels International in a report on Wednesday, November 30th. They set a “sell” rating for the company. Wells Fargo & Company lowered shares of Choice Hotels International from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $130.00 to $123.00 in a report on Monday, August 29th. Morgan Stanley started coverage on shares of Choice Hotels International in a report on Monday. They set an “equal weight” rating and a $137.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Choice Hotels International from $117.00 to $112.00 in a research report on Tuesday, November 8th. Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $120.75.

Choice Hotels International Profile

(Get Rating)

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It 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, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection.

Further Reading

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

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