Charles Schwab Investment Management Inc. Has $36.02 Million Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 276,424 shares of the company’s stock after selling 3,106 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Choice Hotels International were worth $36,018,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHH. Blue Trust Inc. boosted its holdings in shares of Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Tortoise Investment Management LLC lifted its position in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 141 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Choice Hotels International by 1,146.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after acquiring an additional 367 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in Choice Hotels International in the 2nd quarter worth $56,000. Finally, Quest Partners LLC acquired a new stake in shares of Choice Hotels International in the 2nd quarter valued at about $69,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

Shares of CHH opened at $150.59 on Tuesday. The company has a market cap of $7.06 billion, a PE ratio of 28.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The firm has a 50-day moving average of $139.24 and a 200-day moving average of $127.79. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $153.81. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the company posted $1.82 earnings per share. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that Choice Hotels International, Inc. will post 6.84 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.76%. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Insider Buying and Selling at Choice Hotels International

In related news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. The trade was a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. This trade represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock worth $9,788,980 over the last ninety days. Insiders own 24.02% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHH shares. Jefferies Financial Group cut Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research report on Wednesday, November 6th. Susquehanna raised their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Barclays boosted their price objective on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, UBS Group cut their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $130.00.

Choice Hotels International 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.