New York State Teachers Retirement System Lowers Position in Choice Hotels International, Inc. (NYSE:CHH)

New York State Teachers Retirement System cut its stake in Choice Hotels International, Inc. (NYSE:CHH) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,640 shares of the company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Choice Hotels International were worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com downgraded Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Jefferies Financial Group raised Choice Hotels International from an “underperform” rating to a “buy” rating and increased their price target for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Robert W. Baird reaffirmed an “outperform” rating and set a $138.00 price target on shares of Choice Hotels International in a research report on Monday, January 22nd. Truist Financial raised their target price on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, Barclays raised their target price on Choice Hotels International from $114.00 to $119.00 and gave the stock an “underweight” rating in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Choice Hotels International has an average rating of “Hold” and a consensus price target of $131.40.

Choice Hotels International Price Performance

Choice Hotels International stock opened at $117.34 on Thursday. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $136.02. The business has a fifty day moving average price of $121.00 and a 200-day moving average price of $117.35. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $5.83 billion, a P/E ratio of 23.19, a PEG ratio of 2.04 and a beta of 1.21.

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

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, April 1st. Choice Hotels International’s payout ratio is currently 22.73%.

Choice Hotels International 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.