Public Employees Retirement System of Ohio lowered its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 80,136 shares of the company’s stock after selling 64 shares during the period. Public Employees Retirement System of Ohio’s holdings in Choice Hotels International were worth $5,017,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in Choice Hotels International by 589.4% in the fourth quarter. Renaissance Technologies LLC now owns 201,300 shares of the company’s stock worth $11,283,000 after buying an additional 172,100 shares during the period. Swiss National Bank boosted its stake in shares of Choice Hotels International by 1.0% in the first quarter. Swiss National Bank now owns 60,067 shares of the company’s stock valued at $3,760,000 after buying an additional 600 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Choice Hotels International by 7.9% in the first quarter. Trexquant Investment LP now owns 4,472 shares of the company’s stock valued at $280,000 after buying an additional 328 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of Choice Hotels International during the first quarter valued at approximately $222,000. Finally, Quadrature Capital Ltd boosted its stake in shares of Choice Hotels International by 177.9% in the fourth quarter. Quadrature Capital Ltd now owns 16,964 shares of the company’s stock valued at $952,000 after buying an additional 10,859 shares during the last quarter. 49.80% of the stock is currently owned by institutional investors.
Shares of Choice Hotels International, Inc. (NYSE CHH) opened at 63.35 on Monday. Choice Hotels International, Inc. has a one year low of $43.70 and a one year high of $67.80. The company has a market cap of $3.55 billion, a PE ratio of 24.32 and a beta of 1.11. The company’s 50-day moving average price is $64.95 and its 200 day moving average price is $60.91.
Choice Hotels International (NYSE:CHH) last announced its earnings results on Thursday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Choice Hotels International had a net margin of 16.05% and a negative return on equity of 45.12%. The company had revenue of $197.89 million for the quarter, compared to analyst estimates of $216.24 million. During the same period in the prior year, the business earned $0.37 earnings per share. Choice Hotels International’s quarterly revenue was down 4.5% on a year-over-year basis. Equities analysts forecast that Choice Hotels International, Inc. will post $2.84 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 18th. Stockholders of record on Monday, July 3rd will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.36%. Choice Hotels International’s payout ratio is 33.20%.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Wednesday, July 5th. Morgan Stanley cut Choice Hotels International from an “overweight” rating to an “equal weight” rating and set a $65.00 target price on the stock. in a report on Friday, May 5th. They noted that the move was a valuation call. Finally, Telsey Advisory Group boosted their target price on Choice Hotels International from $59.00 to $63.00 and gave the stock a “market perform” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Choice Hotels International presently has an average rating of “Hold” and an average price target of $61.40.
Choice Hotels International Company Profile
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.
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