Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 59,446 shares of the company’s stock after selling 960 shares during the quarter. California Public Employees Retirement System’s holdings in Choice Hotels International were worth $6,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CHH. Morgan Stanley raised its stake in shares of Choice Hotels International by 7.0% during the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock valued at $389,298,000 after purchasing an additional 207,019 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Choice Hotels International by 4.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after purchasing an additional 91,351 shares during the period. Envestnet Asset Management Inc. boosted its stake in Choice Hotels International by 47.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 221,477 shares of the company’s stock valued at $27,133,000 after purchasing an additional 71,398 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new position in Choice Hotels International during the 3rd quarter valued at $4,848,000. Finally, Tudor Investment Corp Et Al increased its position in shares of Choice Hotels International by 34.5% during the 3rd quarter. Tudor Investment Corp Et Al now owns 126,409 shares of the company’s stock valued at $15,486,000 after purchasing an additional 32,456 shares during the period. Institutional investors own 65.57% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CHH. Truist Financial upped their price objective on Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and raised their price objective for the company from $96.00 to $156.00 in a research report on Monday, March 11th. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Barclays cut their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday, April 19th. Finally, Robert W. Baird decreased their price target on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $130.80.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock opened at $120.70 on Friday. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $136.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02. The stock has a market cap of $6.00 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21. The business has a fifty day simple moving average of $121.11 and a 200-day simple moving average of $117.12.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. The firm had revenue of $358.40 million during the quarter, compared to analyst estimates of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. On average, sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.46 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders 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 annualized dividend and a yield of 0.95%. Choice Hotels International’s dividend 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.