LRT Capital Management LLC Acquires 3,508 Shares of Choice Hotels International, Inc. (NYSE:CHH)

LRT Capital Management LLC increased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 77.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,019 shares of the company’s stock after acquiring an additional 3,508 shares during the quarter. LRT Capital Management LLC’s holdings in Choice Hotels International were worth $1,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC increased its position in shares of Choice Hotels International by 7.7% during the 4th quarter. Janus Henderson Group PLC now owns 12,577 shares of the company’s stock valued at $1,788,000 after purchasing an additional 900 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in Choice Hotels International during the fourth quarter worth about $5,499,000. Gotham Asset Management LLC raised its position in Choice Hotels International by 141.4% in the fourth quarter. Gotham Asset Management LLC now owns 9,079 shares of the company’s stock worth $1,289,000 after acquiring an additional 5,318 shares during the period. Deutsche Bank AG boosted its stake in Choice Hotels International by 14.0% in the fourth quarter. Deutsche Bank AG now owns 5,970 shares of the company’s stock valued at $848,000 after acquiring an additional 732 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Choice Hotels International by 65.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 103,064 shares of the company’s stock valued at $14,633,000 after acquiring an additional 40,729 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Stock Up 1.9%

Shares of CHH opened at $123.57 on Monday. Choice Hotels International, Inc. has a twelve month low of $109.22 and a twelve month high of $157.86. The stock has a market cap of $5.77 billion, a PE ratio of 19.83, a P/E/G ratio of 1.90 and a beta of 1.00. The business’s 50-day moving average price is $128.48 and its 200-day moving average price is $139.49.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.04). The firm had revenue of $332.86 million for the quarter, compared to analysts’ expectations of $348.52 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. Choice Hotels International’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 EPS. Analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st were given a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.93%. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.46%.

Insider Activity at Choice Hotels International

In other news, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the sale, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. The trade was a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This trade represents a 4.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Susquehanna lifted their price target on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Robert W. Baird upped their price target on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. StockNews.com lowered Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Bank of America boosted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Truist Financial increased their target price on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a research report on Friday, March 21st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $135.69.

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.