Choice Hotels International, Inc. (NYSE:CHH) Holdings Reduced by Engineers Gate Manager LP

Engineers Gate Manager LP decreased its position in Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 79.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,346 shares of the company’s stock after selling 13,112 shares during the period. Engineers Gate Manager LP’s holdings in Choice Hotels International were worth $366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHH. JPMorgan Chase & Co. boosted its holdings in shares of Choice Hotels International by 3.3% in the first quarter. JPMorgan Chase & Co. now owns 75,694 shares of the company’s stock valued at $10,730,000 after acquiring an additional 2,427 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Choice Hotels International by 146.6% in the first quarter. Raymond James & Associates now owns 3,650 shares of the company’s stock valued at $517,000 after acquiring an additional 2,170 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Choice Hotels International by 4.3% in the first quarter. US Bancorp DE now owns 2,716 shares of the company’s stock valued at $385,000 after acquiring an additional 112 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Choice Hotels International by 9.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $225,000 after acquiring an additional 134 shares in the last quarter. Finally, Natixis Advisors L.P. boosted its holdings in shares of Choice Hotels International by 1.5% in the first quarter. Natixis Advisors L.P. now owns 14,088 shares of the company’s stock valued at $1,997,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 58.03% of the company’s stock.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, SVP Simone Wu sold 6,342 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $125.71, for a total value of $797,252.82. Following the transaction, the senior vice president now owns 39,147 shares in the company, valued at approximately $4,921,169.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Patrick Pacious sold 65,263 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $120.06, for a total transaction of $7,835,475.78. Following the transaction, the chief executive officer now owns 364,763 shares in the company, valued at approximately $43,793,445.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Simone Wu sold 6,342 shares of the stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $125.71, for a total transaction of $797,252.82. Following the transaction, the senior vice president now owns 39,147 shares in the company, valued at approximately $4,921,169.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,307 shares of company stock worth $10,691,003. 20.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CHH has been the subject of several recent analyst reports. Redburn Partners initiated coverage on shares of Choice Hotels International in a report on Wednesday, November 30th. They issued a “sell” rating for the company. Morgan Stanley increased their target price on shares of Choice Hotels International from $129.00 to $134.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st. Truist Financial cut their target price on shares of Choice Hotels International from $135.00 to $120.00 and set a “hold” rating for the company in a research note on Monday, December 5th. Finally, Barclays increased their target price on shares of Choice Hotels International from $107.00 to $120.00 in a research note on Thursday, February 16th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Choice Hotels International has a consensus rating of “Hold” and a consensus price target of $122.00.

Choice Hotels International Stock Down 2.6 %

Shares of NYSE:CHH opened at $114.49 on Tuesday. The company has a debt-to-equity ratio of 7.76, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $5.89 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.36 and a beta of 1.27. Choice Hotels International, Inc. has a 52 week low of $104.15 and a 52 week high of $150.41. The firm has a 50 day simple moving average of $121.20 and a 200 day simple moving average of $118.70.

Choice Hotels International (NYSE:CHH – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.08 by $0.18. The business had revenue of $362.00 million during the quarter, compared to the consensus estimate of $356.74 million. Choice Hotels International had a net margin of 23.69% and a return on equity of 99.85%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. As a group, research analysts expect that Choice Hotels International, Inc. will post 5.89 earnings per share for the current year.

Choice Hotels International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Monday, April 3rd will be paid a $0.287 dividend. This represents a $1.15 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, March 31st. This is a positive change from Choice Hotels International’s previous quarterly dividend of $0.24. Choice Hotels International’s dividend payout ratio is currently 15.89%.

Choice Hotels International Profile

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Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.