Kayne Anderson holds 6.4% of Choice Hotels (CHH) in amended 13G
Rhea-AI Filing Summary
Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G reporting beneficial ownership of 2,977,459 Choice Hotels International Inc. common shares, representing 6.4% of the class as of the event date.
The firm reports sole voting power over 2,182,963 shares and shared voting power over 615,294 shares. It has sole dispositive power over 2,362,165 shares and shared dispositive power over 615,294 shares. The filer certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Choice Hotels.
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FAQ
What did Kayne Anderson Rudnick report about its CHH holdings in this Schedule 13G/A?
Kayne Anderson Rudnick reported beneficial ownership of 2,977,459 Choice Hotels shares, or 6.4% of the outstanding class. The filing details its voting and dispositive powers over these shares and confirms they are held in the ordinary course of business.
How much of Choice Hotels International (CHH) does Kayne Anderson Rudnick own?
Kayne Anderson Rudnick reported beneficial ownership of 2,977,459 Choice Hotels shares, representing 6.4% of the company’s common stock. This level of ownership makes it a significant institutional holder, subject to ongoing disclosure under beneficial ownership rules.
What dispositive power does Kayne Anderson Rudnick have over Choice Hotels (CHH) stock?
Kayne Anderson Rudnick reports sole dispositive power over 2,362,165 Choice Hotels shares and shared dispositive power over 615,294 shares. Dispositive power reflects the authority to sell or otherwise dispose of those shares on behalf of clients or accounts.
Is Kayne Anderson Rudnick seeking to influence control of Choice Hotels (CHH)?
The filer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Choice Hotels. It also states the holdings are not tied to any control-related transaction.
What type of SEC filing did Kayne Anderson Rudnick submit for CHH?
Kayne Anderson Rudnick submitted an amended Schedule 13G, a beneficial ownership report for holders of more than 5% of a class of equity securities. This form is typically used by institutional investors not seeking to influence or change corporate control.