Fenimore Asset Management Inc. boosted its holdings in Choice Hotels International Inc (NYSE:CHH) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,435 shares of the company’s stock after purchasing an additional 1,780 shares during the period. Fenimore Asset Management Inc. owned about 0.32% of Choice Hotels International worth $12,987,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. McAdam LLC boosted its position in Choice Hotels International by 1,302.5% in the third quarter. McAdam LLC now owns 2,819 shares of the company’s stock worth $230,000 after purchasing an additional 2,618 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Choice Hotels International in the third quarter worth $245,000. Verition Fund Management LLC purchased a new position in Choice Hotels International in the second quarter worth $274,000. Marshall Wace North America L.P. purchased a new position in Choice Hotels International in the third quarter worth $295,000. Finally, Janus Henderson Group PLC purchased a new position in Choice Hotels International in the third quarter worth $355,000. 56.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:CHH traded up $0.24 during midday trading on Friday, reaching $74.50. 7,467 shares of the company traded hands, compared to its average volume of 262,791. Choice Hotels International Inc has a 12 month low of $66.71 and a 12 month high of $85.35. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 2.07 and a beta of 1.05.
Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, November 8th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. Choice Hotels International had a negative return on equity of 98.61% and a net margin of 17.26%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $321.69 million. During the same period in the previous year, the company posted $0.95 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts predict that Choice Hotels International Inc will post 3.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 17th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.215 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.15%. Choice Hotels International’s payout ratio is 29.86%.
Several analysts have issued reports on CHH shares. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Wednesday, November 28th. JPMorgan Chase & Co. lowered their target price on Choice Hotels International to $71.00 and set an “underweight” rating on the stock in a research note on Friday, November 9th. Wells Fargo & Co lowered their target price on Choice Hotels International from $86.00 to $82.00 and set a “market perform” rating on the stock in a research note on Thursday, November 15th. SunTrust Banks lowered their target price on Choice Hotels International to $80.00 and set a “hold” rating on the stock in a research note on Thursday, November 15th. Finally, ValuEngine upgraded Choice Hotels International from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $80.89.
Choice Hotels International Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of 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.
Further Reading: Fundamental Analysis – How It Helps Investors
Want to see what other hedge funds are holding CHH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Choice Hotels International Inc (NYSE:CHH).