Legal & General Group Plc Has $877,000 Stake in Choice Hotels International Inc (CHH)

Legal & General Group Plc grew its stake in Choice Hotels International Inc (NYSE:CHH) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,721 shares of the company’s stock after purchasing an additional 1,553 shares during the period. Legal & General Group Plc’s holdings in Choice Hotels International were worth $877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CHH. Los Angeles Capital Management & Equity Research Inc. grew its position in Choice Hotels International by 102.2% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 442,957 shares of the company’s stock worth $28,460,000 after acquiring an additional 223,911 shares during the last quarter. Vanguard Group Inc. grew its position in Choice Hotels International by 7.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock worth $180,173,000 after acquiring an additional 197,890 shares during the last quarter. Renaissance Technologies LLC grew its position in Choice Hotels International by 31.6% during the 2nd quarter. Renaissance Technologies LLC now owns 686,800 shares of the company’s stock worth $44,127,000 after acquiring an additional 165,000 shares during the last quarter. Victory Capital Management Inc. grew its position in Choice Hotels International by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,148,444 shares of the company’s stock worth $73,386,000 after acquiring an additional 162,255 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Choice Hotels International by 110.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 305,038 shares of the company’s stock worth $19,599,000 after acquiring an additional 160,038 shares during the last quarter. Institutional investors own 50.76% of the company’s stock.

Choice Hotels International Inc (CHH) opened at $77.60 on Thursday. Choice Hotels International Inc has a 1-year low of $53.40 and a 1-year high of $79.80. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of -3.99. The stock has a market capitalization of $4,391.68, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.52 and a beta of 1.18.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.03. Choice Hotels International had a negative return on equity of 60.41% and a net margin of 15.66%. The firm had revenue of $295.09 million for the quarter, compared to the consensus estimate of $288.50 million. During the same quarter in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. equities analysts expect that Choice Hotels International Inc will post 2.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, December 29th. Choice Hotels International’s dividend payout ratio is 31.85%.

CHH has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $72.00 price target on the stock. in a research report on Wednesday, December 13th. Barclays increased their price target on Choice Hotels International from $60.00 to $67.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 7th. SunTrust Banks restated a “hold” rating and set a $71.00 price target on shares of Choice Hotels International in a research report on Friday, November 10th. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Tuesday, October 17th. Finally, TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.38.

In other Choice Hotels International news, CEO Patrick Pacious sold 11,149 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $75.78, for a total transaction of $844,871.22. Following the transaction, the chief executive officer now owns 124,073 shares of the company’s stock, valued at approximately $9,402,251.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Bruce Bainum sold 250,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $74.05, for a total value of $18,512,500.00. The disclosure for this sale can be found here. 22.01% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: “Legal & General Group Plc Has $877,000 Stake in Choice Hotels International Inc (CHH)” was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2018/01/04/legal-general-group-plc-has-877000-stake-in-choice-hotels-international-inc-chh.html.

Choice Hotels International Profile

Choice Hotels International, Inc is a hotel franchisor. The Company’s segments include Hotel Franchising, SkyTouch Technology and Corporate & Other. It franchises lodging properties under brand names, including 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.

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

Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply