Navellier & Associates Inc Cuts Holdings in Choice Hotels International Inc (CHH)

Navellier & Associates Inc cut its holdings in shares of Choice Hotels International Inc (NYSE:CHH) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,958 shares of the company’s stock after selling 246 shares during the quarter. Navellier & Associates Inc’s holdings in Choice Hotels International were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CHH. McAdam LLC lifted its position in Choice Hotels International by 1,302.5% during the 3rd quarter. McAdam LLC now owns 2,819 shares of the company’s stock valued at $230,000 after purchasing an additional 2,618 shares during the period. Tower Research Capital LLC TRC acquired a new position in Choice Hotels International during the 3rd quarter valued at about $245,000. Verition Fund Management LLC acquired a new position in Choice Hotels International during the 2nd quarter valued at about $274,000. Marshall Wace North America L.P. acquired a new position in Choice Hotels International during the 3rd quarter valued at about $295,000. Finally, Janus Henderson Group PLC acquired a new position in Choice Hotels International during the 3rd quarter valued at about $355,000. Institutional investors own 56.27% of the company’s stock.

Shares of NYSE:CHH opened at $74.67 on Thursday. The company has a market capitalization of $4.20 billion, a P/E ratio of 25.93, a PEG ratio of 2.10 and a beta of 1.05. Choice Hotels International Inc has a fifty-two week low of $66.71 and a fifty-two week high of $85.35.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, November 8th. The company reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.08. The business had revenue of $291.50 million for the quarter, compared to the consensus estimate of $321.69 million. Choice Hotels International had a net margin of 17.26% and a negative return on equity of 98.61%. Choice Hotels International’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Research analysts predict that Choice Hotels International Inc will post 3.85 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Wednesday, January 2nd will be issued a dividend of $0.215 per share. The ex-dividend date is Monday, December 31st. This represents a $0.86 annualized dividend and a yield of 1.15%. Choice Hotels International’s dividend payout ratio (DPR) is currently 29.86%.

A number of research firms have issued reports on CHH. Wells Fargo & Co restated a “hold” rating on shares of Choice Hotels International in a research report on Tuesday, December 11th. Morgan Stanley set a $74.00 price target on shares of Choice Hotels International and gave the company a “hold” rating in a research report on Thursday, December 20th. Zacks Investment Research reiterated a “hold” rating and issued a $75.00 price target on shares of Choice Hotels International in a research report on Monday, December 31st. TheStreet upgraded shares of Choice Hotels International from a “c+” rating to a “b-” rating in a research report on Friday, September 28th. Finally, ValuEngine downgraded shares of Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $80.89.

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About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and SkyTouch Technology segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, Cambria hotels & suites, and Ascend Hotel Collection.

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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