Diversify Advisory Services LLC Buys New Stake in Choice Hotels International, Inc. (NYSE:CHH)

Diversify Advisory Services LLC bought a new stake in shares of Choice Hotels International, Inc. (NYSE:CHHFree Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,091 shares of the company’s stock, valued at approximately $382,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHH. Balyasny Asset Management L.P. lifted its position in Choice Hotels International by 144.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock valued at $106,402,000 after purchasing an additional 554,479 shares during the period. Morgan Stanley lifted its position in 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 during the period. Dimensional Fund Advisors LP increased its holdings in Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock valued at $70,396,000 after buying an additional 62,174 shares in the last quarter. Norden Group LLC increased its holdings in Choice Hotels International by 2,171.1% in the first quarter. Norden Group LLC now owns 55,664 shares of the company’s stock valued at $7,033,000 after buying an additional 53,213 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. purchased a new position in Choice Hotels International in the third quarter valued at $4,848,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Stock Performance

CHH opened at $118.67 on Friday. The firm has a market capitalization of $5.72 billion, a PE ratio of 25.47, a PEG ratio of 2.04 and a beta of 1.23. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $136.02. The firm’s 50-day moving average price is $116.88 and its 200 day moving average price is $118.34. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHHGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.13. The firm had revenue of $331.90 million for the quarter, compared to analyst estimates of $343.04 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. Choice Hotels International’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. As a group, sell-side analysts expect that Choice Hotels International, Inc. will post 6.44 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

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

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total value of $146,151.94. Following the transaction, the insider now directly owns 38,502 shares in the company, valued at approximately $4,527,065.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 24.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CHH has been the subject of a number of recent analyst reports. Susquehanna initiated coverage on shares of Choice Hotels International in a report on Friday, June 21st. They issued a “neutral” rating and a $125.00 price objective for the company. Barclays cut their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, April 19th. Truist Financial cut their price objective on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Robert W. Baird cut their price objective on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $129.09.

Check Out Our Latest Report on Choice Hotels International

About Choice Hotels International

(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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