Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. raised its holdings in shares of Choice Hotels International, Inc. (NYSE:CHHFree Report) by 144.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 939,114 shares of the company’s stock after buying an additional 554,479 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Choice Hotels International were worth $106,402,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CHH. Seven Eight Capital LP purchased a new stake in Choice Hotels International during the 4th quarter valued at about $1,160,000. AdvisorShares Investments LLC acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at approximately $137,000. Pinebridge Investments L.P. purchased a new position in Choice Hotels International during the fourth quarter worth approximately $2,927,000. Armistice Capital LLC purchased a new stake in Choice Hotels International in the 4th quarter valued at $4,119,000. Finally, Boulder Hill Capital Management LP acquired a new stake in shares of Choice Hotels International in the 4th quarter worth $2,504,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Truist Financial dropped their price target on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. StockNews.com cut Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and lifted their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $129.50.

Read Our Latest Stock Analysis on CHH

Choice Hotels International Stock Down 1.2 %

Shares of CHH traded down $1.35 during mid-day trading on Monday, hitting $112.75. 240,362 shares of the company’s stock were exchanged, compared to its average volume of 556,737. The stock’s 50-day moving average is $118.08 and its 200-day moving average is $117.65. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $136.02. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.96 and a beta of 1.22.

Choice Hotels International (NYSE:CHHGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.15 by $0.13. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The company had revenue of $331.90 million during the quarter, compared to analysts’ expectations of $343.04 million. During the same quarter last year, the company posted $1.12 EPS. The firm’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.44 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, July 1st. This represents a $1.15 annualized dividend and a yield of 1.02%. Choice Hotels International’s dividend payout ratio (DPR) is 24.68%.

Insider Buying and Selling at Choice Hotels International

In other news, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the transaction, the insider now directly owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Company Profile

(Free Report)

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.

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

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