Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC decreased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 89.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,851 shares of the company’s stock after selling 81,213 shares during the quarter. AQR Capital Management LLC’s holdings in Choice Hotels International were worth $1,165,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its position in shares of Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock worth $3,993,000 after purchasing an additional 5,156 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in shares of Choice Hotels International by 29.8% in the 1st quarter. Congress Asset Management Co. MA now owns 50,479 shares of the company’s stock worth $6,378,000 after acquiring an additional 11,581 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Choice Hotels International by 62.8% during the 1st quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after purchasing an additional 8,485 shares during the period. Twin Tree Management LP purchased a new position in shares of Choice Hotels International in the 1st quarter valued at about $6,248,000. Finally, SG Americas Securities LLC boosted its holdings in Choice Hotels International by 161.3% during the second quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after buying an additional 6,384 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Simone Wu sold 7,840 shares of the business’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 sale, the senior vice president now directly owns 45,669 shares in the company, valued at $5,940,623.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction 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 transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Up 0.3 %

Shares of NYSE:CHH opened at $133.78 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75. The company’s 50-day moving average price is $126.62 and its 200 day moving average price is $122.32. The company has a market cap of $6.32 billion, a PE ratio of 27.81, a P/E/G ratio of 2.20 and a beta of 1.25. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $135.50.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data 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). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The business had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.38 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 23.91%.

Wall Street Analysts Forecast Growth

CHH has been the topic of a number of research analyst reports. Robert W. Baird decreased their target price on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group started coverage on shares of Choice Hotels International in a report on Wednesday, September 18th. They issued a “sell” rating and a $105.00 price target on the stock. Truist Financial decreased their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a research note on Friday, July 19th. Finally, Susquehanna started coverage on Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $125.64.

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.