FDx Advisors Inc. Invests $218,000 in Choice Hotels International, Inc. (NYSE:CHH)

FDx Advisors Inc. bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH – Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,935 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of Nova Scotia acquired a new position in shares of Choice Hotels International during the 4th quarter worth approximately $2,984,000. First Trust Advisors LP lifted its holdings in Choice Hotels International by 3.4% in the fourth quarter. First Trust Advisors LP now owns 38,076 shares of the company’s stock valued at $4,289,000 after acquiring an additional 1,266 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Choice Hotels International by 9.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 16,149 shares of the company’s stock valued at $1,819,000 after acquiring an additional 1,398 shares during the last quarter. HighTower Advisors LLC acquired a new position in Choice Hotels International in the fourth quarter valued at approximately $269,000. Finally, Prudential PLC lifted its holdings in Choice Hotels International by 46.0% in the fourth quarter. Prudential PLC now owns 7,316 shares of the company’s stock valued at $824,000 after acquiring an additional 2,306 shares during the last quarter. 58.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, SVP Scott E. Oaksmith sold 1,680 shares of the company’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $126.05, for a total value of $211,764.00. Following the completion of the transaction, the senior vice president now owns 33,394 shares in the company, valued at $4,209,313.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Patrick Cimerola sold 748 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $125.95, for a total transaction of $94,210.60. Following the completion of the sale, the insider now owns 30,199 shares in the company, valued at $3,803,564.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Scott E. Oaksmith sold 1,680 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $126.05, for a total transaction of $211,764.00. Following the transaction, the senior vice president now directly owns 33,394 shares of the company’s stock, valued at $4,209,313.70. The disclosure for this sale can be found here. Insiders sold 4,642 shares of company stock worth $570,459 over the last 90 days. Corporate insiders own 23.07% of the company’s stock.

Choice Hotels International Stock Performance

Shares of CHH stock opened at $113.93 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 29.25. The firm has a fifty day moving average price of $121.32 and a 200 day moving average price of $120.13. The company has a market cap of $5.81 billion, a P/E ratio of 19.64, a PEG ratio of 1.49 and a beta of 1.27. Choice Hotels International, Inc. has a 12 month low of $104.15 and a 12 month high of $133.13.

Choice Hotels International (NYSE:CHH – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.04. Choice Hotels International had a net margin of 21.50% and a return on equity of 129.67%. The company had revenue of $333.80 million during the quarter, compared to the consensus estimate of $320.43 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Choice Hotels International’s revenue for the quarter was up 29.5% on a year-over-year basis. Sell-side analysts predict that Choice Hotels International, Inc. will post 6.03 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Shareholders of record on Wednesday, July 5th will be paid a $0.287 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.15 annualized dividend and a yield of 1.01%. Choice Hotels International’s dividend payout ratio is presently 19.83%.

Analyst Ratings Changes

CHH has been the topic of a number of recent analyst reports. Morgan Stanley upped their price objective on Choice Hotels International from $130.00 to $134.00 in a report on Friday, May 12th. StockNews.com started coverage on Choice Hotels International in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Robert W. Baird boosted their target price on Choice Hotels International from $134.00 to $135.00 in a research report on Friday, May 12th. Truist Financial boosted their target price on Choice Hotels International from $120.00 to $132.00 and gave the company a “hold” rating in a research report on Friday, March 24th. Finally, TheStreet lowered Choice Hotels International from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $122.38.

Choice Hotels International Company 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.