Choice Hotels International, Inc. (NYSE:CHH) Stock Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,486 shares of the company’s stock after selling 983 shares during the period. Mutual of America Capital Management LLC’s holdings in Choice Hotels International were worth $1,755,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. purchased a new position in shares of Choice Hotels International during the second quarter valued at $27,000. Dark Forest Capital Management LP acquired a new stake in Choice Hotels International during the 1st quarter worth about $28,000. Itau Unibanco Holding S.A. purchased a new position in Choice Hotels International during the 2nd quarter valued at about $52,000. Fifth Third Bancorp increased its holdings in shares of Choice Hotels International by 42.2% in the 3rd quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock valued at $69,000 after purchasing an additional 168 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Choice Hotels International by 143.5% in the third quarter. Signaturefd LLC now owns 577 shares of the company’s stock worth $71,000 after purchasing an additional 340 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHH has been the topic of a number of research analyst reports. Robert W. Baird reaffirmed an “outperform” rating and set a $138.00 price objective on shares of Choice Hotels International in a research report on Monday, January 22nd. Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and boosted their price target for the company from $96.00 to $156.00 in a report on Monday, March 11th. Truist Financial increased their price objective on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Barclays reduced 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. Finally, StockNews.com lowered Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $130.90.

Choice Hotels International Stock Performance

CHH opened at $116.35 on Monday. 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 company has a market cap of $5.78 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 1.99 and a beta of 1.21. The stock has a 50-day moving average of $120.80 and a 200-day moving average of $117.28. 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 announced its 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. 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 analysts’ expectations of $369.44 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. The company’s revenue 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 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. Choice Hotels International’s payout ratio is presently 22.73%.

About Choice Hotels International

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.