Choice Hotels International (CHH) Sees Large Volume Increase

Shares of Choice Hotels International Inc (NYSE:CHH) saw unusually-strong trading volume on Wednesday . Approximately 848,490 shares traded hands during mid-day trading, an increase of 291% from the previous session’s volume of 217,119 shares.The stock last traded at $80.35 and had previously closed at $78.55.

Several research analysts have issued reports on CHH shares. Zacks Investment Research lowered Choice Hotels International from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. SunTrust Banks reiterated a “hold” rating and issued a $71.00 price target on shares of Choice Hotels International in a report on Friday, November 10th. 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 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 report on Tuesday, November 7th. Finally, TheStreet upgraded Choice Hotels International from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $69.13.

The stock has a market cap of $4,428.47, a price-to-earnings ratio of 27.85, a PEG ratio of 1.88 and a beta of 1.16. The company has a debt-to-equity ratio of -3.99, a current ratio of 1.67 and a quick ratio of 1.67.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd were issued a $0.215 dividend. The ex-dividend date was Friday, December 29th. This represents a $0.86 annualized dividend and a yield of 1.07%. Choice Hotels International’s payout ratio is currently 31.85%.

In other news, CEO Patrick Pacious sold 11,149 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $75.78, for a total value of $844,871.22. Following the transaction, the chief executive officer now owns 124,073 shares in the company, valued at $9,402,251.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.01% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CHH. UBS Asset Management Americas Inc. lifted its holdings in shares of Choice Hotels International by 15.7% in the second quarter. UBS Asset Management Americas Inc. now owns 28,737 shares of the company’s stock valued at $1,846,000 after purchasing an additional 3,892 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Choice Hotels International by 0.6% in the second quarter. Northern Trust Corp now owns 256,923 shares of the company’s stock valued at $16,506,000 after purchasing an additional 1,610 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Choice Hotels International by 7.6% in the second quarter. Vanguard Group Inc. now owns 2,804,252 shares of the company’s stock valued at $180,173,000 after purchasing an additional 197,890 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of Choice Hotels International in the second quarter valued at approximately $341,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Choice Hotels International by 5.4% in the second quarter. Voya Investment Management LLC now owns 12,873 shares of the company’s stock valued at $827,000 after purchasing an additional 662 shares in the last quarter. Institutional investors own 50.38% of the company’s stock.

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Choice Hotels International Company 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.

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