Susquehanna Portfolio Strategies LLC Has $622,000 Position in Choice Hotels International, Inc. (NYSE:CHH)

Susquehanna Portfolio Strategies LLC lessened its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 5.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 5,229 shares of the company’s stock after selling 289 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Choice Hotels International were worth $622,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Choice Hotels International by 106.1% during the second quarter. Susquehanna Fundamental Investments LLC now owns 8,403 shares of the company’s stock worth $1,000,000 after buying an additional 4,326 shares during the last quarter. Armistice Capital LLC raised its stake in Choice Hotels International by 25.5% during the 2nd quarter. Armistice Capital LLC now owns 60,000 shares of the company’s stock valued at $7,140,000 after purchasing an additional 12,204 shares during the last quarter. Bank of Montreal Can boosted its holdings in Choice Hotels International by 5.9% in the 2nd quarter. Bank of Montreal Can now owns 6,586 shares of the company’s stock valued at $791,000 after purchasing an additional 365 shares during the period. EverSource Wealth Advisors LLC grew its position in Choice Hotels International by 58.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,159 shares of the company’s stock worth $530,000 after purchasing an additional 1,528 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the period. Institutional investors own 65.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CHH shares. StockNews.com cut shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Thursday, September 19th. Truist Financial decreased their price objective on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. UBS Group dropped their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group initiated coverage on shares of Choice Hotels International in a research note on Wednesday, September 18th. They issued a “sell” rating and a $105.00 target price on the stock. Finally, Barclays decreased their price objective on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Choice Hotels International presently has an average rating of “Hold” and a consensus target price of $125.64.

Choice Hotels International Trading Up 0.3 %

Shares of NYSE CHH opened at $132.77 on Friday. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $134.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The company has a 50-day moving average of $125.80 and a two-hundred day moving average of $122.05. The company has a market cap of $6.39 billion, a PE ratio of 28.49, a P/E/G ratio of 2.17 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). The firm had revenue of $435.20 million during the quarter, compared to the consensus estimate of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. Choice Hotels International’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 EPS. As a group, equities analysts expect that Choice Hotels International, Inc. will post 6.38 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is 24.68%.

Insider Buying and Selling

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Patrick Cimerola sold 13,259 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the transaction, the insider now directly owns 23,461 shares in the company, valued at approximately $2,934,501.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The disclosure for this sale can be found here. Insiders sold a total of 44,241 shares of company stock valued at $5,517,383 over the last ninety days. Insiders own 24.02% of the company’s stock.

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.