R Squared Ltd Grows Holdings in Choice Hotels International, Inc. $CHH

R Squared Ltd boosted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 325.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,195 shares of the company’s stock after purchasing an additional 7,033 shares during the period. R Squared Ltd’s holdings in Choice Hotels International were worth $1,167,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CHH. Whittier Trust Co. raised its holdings in shares of Choice Hotels International by 138.5% in the second quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $37,000 after buying an additional 169 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Choice Hotels International in the 2nd quarter valued at about $685,000. Boston Trust Walden Corp raised its stake in Choice Hotels International by 2.2% during the 2nd quarter. Boston Trust Walden Corp now owns 965,652 shares of the company’s stock valued at $122,522,000 after acquiring an additional 20,524 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Choice Hotels International by 3.4% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 3,724 shares of the company’s stock worth $473,000 after acquiring an additional 124 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Choice Hotels International by 12.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,358 shares of the company’s stock worth $300,000 after acquiring an additional 255 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CHH. Barclays dropped their target price on Choice Hotels International from $117.00 to $101.00 and set an “underweight” rating on the stock in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Choice Hotels International in a research report on Wednesday, October 8th. Bank of America downgraded shares of Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price objective for the company. in a research report on Monday, September 29th. Robert W. Baird reduced their target price on shares of Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Finally, Morgan Stanley dropped their price target on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $126.77.

Choice Hotels International Price Performance

Shares of Choice Hotels International stock opened at $97.81 on Friday. Choice Hotels International, Inc. has a 1 year low of $97.71 and a 1 year high of $157.86. The business has a 50 day moving average price of $110.37 and a 200 day moving average price of $121.43. The company has a market capitalization of $4.53 billion, a P/E ratio of 15.05, a P/E/G ratio of 7.18 and a beta of 0.83.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.02. Choice Hotels International had a net margin of 19.52% and a negative return on equity of 575.73%. The company had revenue of $426.44 million for the quarter, compared to analyst estimates of $430.13 million. During the same period in the prior year, the firm earned $1.84 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, research analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Wednesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 17.69%.

About Choice Hotels International

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.