Choice Hotels International, Inc. (NYSE:CHH) Holdings Cut by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,851 shares of the company’s stock after selling 2,000 shares during the period. New York State Common Retirement Fund’s holdings in Choice Hotels International were worth $2,109,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Sanctuary Advisors LLC raised its holdings in shares of Choice Hotels International by 33.4% during the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after buying an additional 4,219 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Choice Hotels International by 30.1% during the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after buying an additional 3,446 shares during the last quarter. Twelve Points Wealth Management LLC bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $879,000. Erste Asset Management GmbH bought a new stake in shares of Choice Hotels International during the third quarter valued at approximately $19,545,000. Finally, Congress Asset Management Co. raised its holdings in shares of Choice Hotels International by 17.3% during the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock valued at $11,661,000 after buying an additional 12,128 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 24.02% of the stock is currently owned by company insiders.

Choice Hotels International Stock Performance

Choice Hotels International stock opened at $143.10 on Friday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $157.86. The firm’s 50 day moving average price is $145.45 and its two-hundred day moving average price is $139.35.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. As a group, equities analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be given a $0.2875 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.80%. Choice Hotels International’s dividend payout ratio (DPR) is 18.46%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price target on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Jefferies Financial Group lifted their price target on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. StockNews.com upgraded shares of Choice Hotels International from a “hold” rating to a “buy” rating in a research note on Thursday. Robert W. Baird raised their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company raised their price objective on shares of Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and a consensus target price of $139.92.

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.