Occudo Quantitative Strategies LP Grows Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Occudo Quantitative Strategies LP boosted its position in Choice Hotels International, Inc. (NYSE:CHH) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,062 shares of the company’s stock after buying an additional 95 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Choice Hotels International were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in shares of Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after acquiring an additional 86 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after acquiring an additional 154 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Choice Hotels International in the fourth quarter worth $62,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after acquiring an additional 393 shares during the period. Finally, Millstone Evans Group LLC bought a new position in shares of Choice Hotels International in the fourth quarter worth $65,000. 65.57% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. The trade was a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the sale, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. This trade represents a 4.83% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Up 0.8%

Shares of CHH stock opened at $128.34 on Friday. The business has a 50-day moving average price of $127.11 and a two-hundred day moving average price of $139.12. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86. The firm has a market cap of $5.95 billion, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm had revenue of $332.86 million for the quarter, compared to the consensus estimate of $348.52 million. During the same period last year, the firm earned $1.28 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. As a group, research analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.90%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 17.56%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CHH shares. Morgan Stanley cut their price target on Choice Hotels International from $124.00 to $115.00 and set an “underweight” rating for the company in a report on Tuesday, April 22nd. Susquehanna raised their price target on Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. StockNews.com lowered Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Redburn Atlantic raised Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 price objective for the company in a research note on Monday, March 24th. Finally, The Goldman Sachs Group raised Choice Hotels International from a “sell” rating to a “buy” rating and dropped their price objective for the company from $141.00 to $138.00 in a research note on Monday, April 14th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $135.69.

About Choice Hotels International

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.