NewEdge Wealth LLC Grows Position in Choice Hotels International, Inc. (NYSE:CHH)

NewEdge Wealth LLC raised its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,137 shares of the company’s stock after buying an additional 679 shares during the period. NewEdge Wealth LLC’s holdings in Choice Hotels International were worth $2,282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHH. Benjamin Edwards Inc. bought a new stake in Choice Hotels International during the second quarter valued at about $27,000. Dark Forest Capital Management LP bought a new stake in Choice Hotels International during the first quarter valued at about $28,000. Itau Unibanco Holding S.A. bought a new stake in shares of Choice Hotels International in the second quarter worth about $52,000. Captrust Financial Advisors increased its holdings in shares of Choice Hotels International by 28.0% in the second quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock worth $67,000 after purchasing an additional 131 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Choice Hotels International by 42.2% in the third quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock worth $69,000 after purchasing an additional 168 shares during the last quarter. 65.57% of the stock is owned by institutional investors.

Choice Hotels International Stock Down 2.5 %

CHH stock opened at $121.77 on Monday. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 2.08 and a beta of 1.21. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $136.02. The firm has a 50-day moving average of $121.16 and a two-hundred day moving average of $117.41.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $358.40 million during the quarter, compared to the consensus estimate of $369.44 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. As a group, analysts forecast that Choice Hotels International, Inc. will post 6.45 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.94%. Choice Hotels International’s dividend payout ratio is currently 22.73%.

Analyst Ratings Changes

CHH has been the topic of several research reports. Truist Financial lifted their target price on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Robert W. Baird reiterated an “outperform” rating and issued a $138.00 price target on shares of Choice Hotels International in a research report on Monday, January 22nd. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and boosted their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. StockNews.com lowered Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Finally, Barclays boosted their price target on Choice Hotels International from $114.00 to $119.00 and gave the company an “underweight” rating in a report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $131.40.

Choice Hotels International Company Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.