Choice Hotels International Inc (NYSE:CHH) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 3,604,100 shares, a growth of 7.9% from the May 30th total of 3,341,400 shares. Based on an average trading volume of 293,900 shares, the short-interest ratio is currently 12.3 days. Currently, 10.8% of the shares of the stock are short sold.

Several equities analysts have recently weighed in on CHH shares. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Barclays reissued a “sell” rating on shares of RenaissanceRe in a research report on Tuesday, July 2nd. Finally, Bank of America reissued an “underperform” rating and set a $86.00 target price on shares of PTC in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Choice Hotels International currently has an average rating of “Hold” and an average price target of $82.51.

NYSE CHH opened at $89.75 on Wednesday. The company has a market cap of $4.94 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.15 and a beta of 1.02. The firm’s 50 day moving average is $85.99. Choice Hotels International has a fifty-two week low of $66.71 and a fifty-two week high of $90.05.

Choice Hotels International (NYSE:CHH) last released its earnings results on Thursday, May 9th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09. The firm had revenue of $218.30 million for the quarter, compared to the consensus estimate of $221.84 million. Choice Hotels International had a negative return on equity of 124.30% and a net margin of 21.08%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS. As a group, equities analysts forecast that Choice Hotels International will post 4.18 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Tuesday, July 2nd will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.11%.

In other news, SVP Simone Wu sold 24,773 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $83.67, for a total transaction of $2,072,756.91. Following the sale, the senior vice president now directly owns 53,255 shares of the company’s stock, valued at approximately $4,455,845.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Bonds sold 5,102 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $82.01, for a total value of $418,415.02. Following the sale, the insider now directly owns 84,158 shares in the company, valued at $6,901,797.58. The disclosure for this sale can be found here. Insiders have sold a total of 38,625 shares of company stock worth $3,227,134 over the last ninety days. Insiders own 24.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CHH. Captrust Financial Advisors grew its position in Choice Hotels International by 85.7% in the 4th quarter. Captrust Financial Advisors now owns 531 shares of the company’s stock valued at $38,000 after acquiring an additional 245 shares during the last quarter. Quadrant Capital Group LLC bought a new position in Choice Hotels International in the 1st quarter valued at $76,000. Bremer Bank National Association bought a new position in Choice Hotels International in the 1st quarter valued at $107,000. ETF Managers Group LLC grew its position in Choice Hotels International by 10.3% in the 1st quarter. ETF Managers Group LLC now owns 1,795 shares of the company’s stock valued at $140,000 after acquiring an additional 167 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Choice Hotels International by 13.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,559 shares of the company’s stock valued at $199,000 after acquiring an additional 303 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors.

About Choice Hotels International

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.

Further Reading: Cost of Capital

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