Caitong International Asset Management Co. Ltd Has $37,000 Stake in Choice Hotels International, Inc. $CHH

Caitong International Asset Management Co. Ltd trimmed its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 55.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295 shares of the company’s stock after selling 369 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Choice Hotels International were worth $37,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHH. Essex Financial Services Inc. bought a new stake in Choice Hotels International during the first quarter valued at about $278,000. DAVENPORT & Co LLC boosted its holdings in Choice Hotels International by 1.3% during the first quarter. DAVENPORT & Co LLC now owns 13,759 shares of the company’s stock valued at $1,827,000 after acquiring an additional 171 shares during the period. Teacher Retirement System of Texas bought a new stake in Choice Hotels International during the first quarter valued at about $547,000. Bank of New York Mellon Corp boosted its holdings in Choice Hotels International by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company’s stock valued at $31,077,000 after acquiring an additional 7,159 shares during the period. Finally, HM Payson & Co. bought a new stake in Choice Hotels International during the first quarter valued at about $35,000. 65.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CHH shares. UBS Group decreased their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Barclays reduced their target price on shares of Choice Hotels International from $117.00 to $101.00 and set an “underweight” rating for the company in a research note on Friday, October 3rd. Morgan Stanley reduced their target price on shares of Choice Hotels International from $121.00 to $106.00 and set an “underweight” rating for the company in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Choice Hotels International in a research note on Wednesday, October 8th. Finally, 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. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $126.77.

Choice Hotels International Stock Down 0.6%

Shares of CHH opened at $97.30 on Monday. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 6.81 and a beta of 0.83. Choice Hotels International, Inc. has a 12 month low of $96.88 and a 12 month high of $157.86. The company has a 50-day moving average price of $109.88 and a two-hundred day moving average price of $121.27.

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

Choice Hotels International Dividend Announcement

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. The ex-dividend date was Wednesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 1.2%. Choice Hotels International’s dividend payout ratio (DPR) is currently 17.69%.

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.