Oddo BHF Asset Management Sas Buys Shares of 20,652 Choice Hotels International, Inc. (NYSE:CHH)

Oddo BHF Asset Management Sas purchased a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,652 shares of the company’s stock, valued at approximately $2,691,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CHH. Blue Trust Inc. increased its holdings in Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of Choice Hotels International by 129.4% in the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after buying an additional 141 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after buying an additional 367 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Choice Hotels International in the 3rd quarter valued at $55,000. Finally, Hantz Financial Services Inc. acquired a new position in Choice Hotels International during the 2nd quarter worth about $56,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the transaction, the executive vice president now owns 68,509 shares in the company, valued at $9,240,493.92. This trade represents a 11.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the senior vice president now owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,412 shares of company stock worth $8,582,271 in the last ninety days. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Stock Up 0.1 %

Choice Hotels International stock opened at $146.52 on Friday. The stock has a market cap of $6.87 billion, a PE ratio of 28.07, a P/E/G ratio of 2.30 and a beta of 1.23. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The stock’s fifty day moving average is $142.50 and its two-hundred day moving average is $129.74. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $153.81.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, sell-side analysts expect that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHH. Deutsche Bank Aktiengesellschaft lifted their target price on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Susquehanna upped their target price on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Wednesday, November 6th. Wells Fargo & Company initiated coverage on Choice Hotels International in a research note on Thursday, December 5th. They issued an “underweight” rating and a $133.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $134.18.

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.