Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of Choice Hotels International, Inc. (NYSE:CHHFree Report) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,193 shares of the company’s stock after purchasing an additional 3,201 shares during the period. Janney Montgomery Scott LLC owned 0.08% of Choice Hotels International worth $5,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boulder Hill Capital Management LP purchased a new position in Choice Hotels International during the fourth quarter valued at $2,504,000. Dimensional Fund Advisors LP lifted its stake in shares of Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock worth $70,396,000 after buying an additional 62,174 shares in the last quarter. Occudo Quantitative Strategies LP lifted its stake in shares of Choice Hotels International by 136.6% in the fourth quarter. Occudo Quantitative Strategies LP now owns 48,299 shares of the company’s stock worth $5,472,000 after buying an additional 27,885 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in shares of Choice Hotels International by 29.8% in the first quarter. Congress Asset Management Co. MA now owns 50,479 shares of the company’s stock worth $6,378,000 after buying an additional 11,581 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Choice Hotels International in the fourth quarter worth about $1,072,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Choice Hotels International

In other news, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 owns 38,502 shares in the company, valued at approximately $4,527,065.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 24.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Robert W. Baird reduced their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 24th. Susquehanna began coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 target price on the stock. Finally, Barclays reduced their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, April 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $129.09.

Get Our Latest Report on Choice Hotels International

Choice Hotels International Trading Up 2.1 %

NYSE CHH opened at $121.18 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $136.02. The stock has a market capitalization of $5.84 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23. The firm has a 50 day moving average of $116.88 and a two-hundred day moving average of $118.48.

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

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, July 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.95%. Choice Hotels International’s dividend payout ratio is presently 24.68%.

Choice Hotels International Company 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.

See Also

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

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