Commonwealth Equity Services LLC Has $1.61 Million Stake in Choice Hotels International, Inc. (NYSE:CHH)

Commonwealth Equity Services LLC decreased its position in Choice Hotels International, Inc. (NYSE:CHHFree Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,773 shares of the company’s stock after selling 1,045 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Choice Hotels International were worth $1,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after purchasing an additional 117 shares during the period. Vima LLC acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at about $36,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at about $45,000. Principal Securities Inc. acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at about $48,000. Finally, Eagle Bay Advisors LLC increased its position in shares of Choice Hotels International by 105.8% in the fourth quarter. Eagle Bay Advisors LLC now owns 885 shares of the company’s stock valued at $100,000 after acquiring an additional 455 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Trading Up 0.9 %

Shares of CHH stock opened at $118.74 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 177.75. The stock has a market cap of $5.72 billion, a P/E ratio of 25.48, a price-to-earnings-growth ratio of 2.02 and a beta of 1.23. The stock has a 50 day simple moving average of $116.88 and a 200 day simple moving average of $118.31. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $136.02.

Choice Hotels International (NYSE:CHHGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.13. The business had revenue of $331.90 million during the quarter, compared to analysts’ expectations of $343.04 million. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. On average, research analysts predict that Choice Hotels International, Inc. will post 6.44 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, July 1st. Choice Hotels International’s payout ratio is presently 24.68%.

Insiders Place Their Bets

In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total transaction of $146,151.94. Following the completion of the sale, the insider now directly owns 38,502 shares in the company, valued at $4,527,065.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.02% of the company’s stock.

Analyst Upgrades and Downgrades

CHH has been the topic of a number of recent research reports. Jefferies Financial Group raised Choice Hotels International from an “underperform” rating to a “buy” rating and lifted their target price for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Deutsche Bank Aktiengesellschaft lowered their target price on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Barclays lowered their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, April 19th. Susquehanna started coverage on Choice Hotels International in a research report on Friday, June 21st. They set a “neutral” rating and a $125.00 price target on the stock. Finally, Truist Financial lowered their price target on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $129.09.

View Our Latest Stock Report on CHH

Choice Hotels International Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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