Ameriprise Financial Inc. Increases Position in Choice Hotels International, Inc. (CHH)

Ameriprise Financial Inc. boosted its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 553.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,870 shares of the company’s stock after buying an additional 155,719 shares during the quarter. Ameriprise Financial Inc. owned 0.33% of Choice Hotels International worth $11,814,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new position in shares of Choice Hotels International in the 1st quarter valued at $446,000. Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock valued at $163,158,000 after purchasing an additional 108,427 shares during the period. Rhumbline Advisers boosted its position in shares of Choice Hotels International by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 62,199 shares of the company’s stock valued at $3,996,000 after purchasing an additional 5,876 shares during the period. Alliancebernstein L.P. boosted its position in shares of Choice Hotels International by 24.0% in the 1st quarter. Alliancebernstein L.P. now owns 19,663 shares of the company’s stock valued at $1,231,000 after purchasing an additional 3,800 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in shares of Choice Hotels International by 35.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 101,987 shares of the company’s stock valued at $6,527,000 after purchasing an additional 26,436 shares during the period. 50.26% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Bruce Bainum sold 7,977 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $62.15, for a total transaction of $495,770.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Pepper sold 1,071 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $61.09, for a total value of $65,427.39. Following the transaction, the insider now directly owns 69,864 shares of the company’s stock, valued at $4,267,991.76. The disclosure for this sale can be found here. Insiders have sold 57,344 shares of company stock valued at $3,563,139 over the last ninety days. 22.01% of the stock is owned by insiders.

WARNING: This report was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/ameriprise-financial-inc-increases-position-in-choice-hotels-international-inc-chh.html.

Shares of Choice Hotels International, Inc. (NYSE CHH) opened at 66.60 on Tuesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 24.60 and a beta of 1.12. The firm’s 50-day moving average price is $62.25 and its 200-day moving average price is $63.36. Choice Hotels International, Inc. has a 12 month low of $43.70 and a 12 month high of $67.80.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. Choice Hotels International’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts anticipate that Choice Hotels International, Inc. will post $2.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.215 per share. The ex-dividend date is Friday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.29%. Choice Hotels International’s dividend payout ratio is currently 31.85%.

A number of research firms recently weighed in on CHH. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, July 5th. BidaskClub lowered Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC reiterated an “underweight” rating and issued a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Finally, Deutsche Bank AG decreased their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Choice Hotels International

A number of other hedge funds have also recently made changes to their positions in the stock. Nomura Holdings Inc. acquired a new position in shares of Choice Hotels International in the 1st quarter valued at $446,000. Vanguard Group Inc. boosted its position in shares of Choice Hotels International by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,606,362 shares of the company’s stock valued at $163,158,000 after purchasing an additional 108,427 shares during the period. Rhumbline Advisers boosted its position in shares of Choice Hotels International by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 62,199 shares of the company’s stock valued at $3,996,000 after purchasing an additional 5,876 shares during the period. Alliancebernstein L.P. boosted its position in shares of Choice Hotels International by 24.0% in the 1st quarter. Alliancebernstein L.P. now owns 19,663 shares of the company’s stock valued at $1,231,000 after purchasing an additional 3,800 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in shares of Choice Hotels International by 35.0% in the 2nd quarter. Marshall Wace North America L.P. now owns 101,987 shares of the company’s stock valued at $6,527,000 after purchasing an additional 26,436 shares during the period. 50.26% of the stock is owned by institutional investors and hedge funds.

In other news, major shareholder Bruce Bainum sold 7,977 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $62.15, for a total transaction of $495,770.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Pepper sold 1,071 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $61.09, for a total value of $65,427.39. Following the transaction, the insider now directly owns 69,864 shares of the company’s stock, valued at $4,267,991.76. The disclosure for this sale can be found here. Insiders have sold 57,344 shares of company stock valued at $3,563,139 over the last ninety days. 22.01% of the stock is owned by insiders.

WARNING: This report was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/ameriprise-financial-inc-increases-position-in-choice-hotels-international-inc-chh.html.

Shares of Choice Hotels International, Inc. (NYSE CHH) opened at 66.60 on Tuesday. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 24.60 and a beta of 1.12. The firm’s 50-day moving average price is $62.25 and its 200-day moving average price is $63.36. Choice Hotels International, Inc. has a 12 month low of $43.70 and a 12 month high of $67.80.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $254.68 million. Choice Hotels International had a negative return on equity of 51.30% and a net margin of 16.11%. Choice Hotels International’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts anticipate that Choice Hotels International, Inc. will post $2.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.215 per share. The ex-dividend date is Friday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.29%. Choice Hotels International’s dividend payout ratio is currently 31.85%.

A number of research firms recently weighed in on CHH. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, July 5th. BidaskClub lowered Choice Hotels International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Barclays PLC reiterated an “underweight” rating and issued a $60.00 price target (down previously from $61.00) on shares of Choice Hotels International in a research report on Friday, August 4th. Finally, Deutsche Bank AG decreased their price objective on Choice Hotels International from $68.00 to $66.00 and set a “hold” rating for the company in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Choice Hotels International presently has an average rating of “Hold” and a consensus price target of $62.57.

About Choice Hotels International

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

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