Federated Hermes Inc. Sells 308,910 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Federated Hermes Inc. cut its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 50.5% in the fourth quarter, Holdings Channel reports. The fund owned 303,156 shares of the company’s stock after selling 308,910 shares during the period. Federated Hermes Inc.’s holdings in Choice Hotels International were worth $34,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Choice Hotels International by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,221,517 shares of the company’s stock valued at $456,682,000 after purchasing an additional 9,932 shares during the last quarter. Morgan Stanley raised its holdings in shares of Choice Hotels International by 7.0% in the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock valued at $389,298,000 after buying an additional 207,019 shares during the last quarter. BlackRock Inc. lifted its position in Choice Hotels International by 1.7% during the 1st quarter. BlackRock Inc. now owns 2,860,476 shares of the company’s stock worth $405,500,000 after buying an additional 46,819 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Choice Hotels International by 4.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after acquiring an additional 91,351 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Choice Hotels International by 51.6% during the 1st quarter. Invesco Ltd. now owns 1,740,428 shares of the company’s stock worth $246,722,000 after acquiring an additional 592,654 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Stock Down 0.6 %

Shares of NYSE CHH opened at $116.35 on Friday. The firm has a 50 day moving average price of $120.80 and a 200 day moving average price of $117.30. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $5.78 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.00 and a beta of 1.21. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $136.02.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.09. The business had revenue of $358.40 million during the quarter, compared to analysts’ expectations of $369.44 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Analysts expect that Choice Hotels International, Inc. will post 6.45 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.73%.

Analyst Upgrades and Downgrades

CHH has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and increased their price objective for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Truist Financial boosted 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. Robert W. Baird reaffirmed an “outperform” rating and set a $138.00 price target on shares of Choice Hotels International in a research note on Monday, January 22nd. Finally, Barclays lowered their price objective on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $130.90.

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.