Bank of New York Mellon Corp lifted its holdings in Choice Hotels International Inc (NYSE:CHH) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 221,819 shares of the company’s stock after purchasing an additional 1,311 shares during the quarter. Bank of New York Mellon Corp owned 0.39% of Choice Hotels International worth $14,174,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CHH. Aperio Group LLC grew its holdings in shares of Choice Hotels International by 12.6% in the second quarter. Aperio Group LLC now owns 7,691 shares of the company’s stock valued at $494,000 after purchasing an additional 860 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Choice Hotels International by 58.1% in the second quarter. Russell Investments Group Ltd. now owns 5,187 shares of the company’s stock valued at $334,000 after purchasing an additional 1,906 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Choice Hotels International by 35.5% in the second quarter. Sei Investments Co. now owns 45,715 shares of the company’s stock valued at $2,937,000 after purchasing an additional 11,967 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Choice Hotels International by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 157,471 shares of the company’s stock valued at $10,118,000 after purchasing an additional 1,583 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Choice Hotels International by 10.4% in the second quarter. Rhumbline Advisers now owns 62,199 shares of the company’s stock valued at $3,996,000 after purchasing an additional 5,876 shares in the last quarter. 50.76% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Inc (NYSE CHH) opened at $77.50 on Thursday. The company has a debt-to-equity ratio of -3.99, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market cap of $4,394.51, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 3.20 and a beta of 1.17. Choice Hotels International Inc has a one year low of $53.40 and a one year high of $79.80.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.92 by $0.03. The company had revenue of $295.09 million during the quarter, compared to analyst estimates of $288.50 million. Choice Hotels International had a net margin of 15.66% and a negative return on equity of 60.41%. Choice Hotels International’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. equities analysts anticipate that Choice Hotels International Inc will post 2.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, December 29th. Choice Hotels International’s payout ratio is 31.85%.

A number of research firms recently weighed in on CHH. J P Morgan Chase & Co lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 target price for the company. in a report on Wednesday, December 13th. TheStreet raised shares of Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Tuesday, October 17th. SunTrust Banks reissued a “hold” rating and issued a $71.00 target price on shares of Choice Hotels International in a report on Friday, November 10th. Finally, Barclays raised their target price on shares of Choice Hotels International from $60.00 to $67.00 and gave the company an “underweight” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $67.38.

In other Choice Hotels International news, CEO Patrick Pacious sold 11,149 shares of Choice Hotels International stock in a transaction on Friday, November 17th. The shares were sold at an average price of $75.78, for a total transaction of $844,871.22. Following the completion of the transaction, the chief executive officer now directly owns 124,073 shares of the company’s stock, valued at $9,402,251.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bruce Bainum sold 250,000 shares of Choice Hotels International stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total transaction of $18,512,500.00. The disclosure for this sale can be found here. 22.01% of the stock is owned by insiders.

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

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