Bank of New York Mellon Corp Boosts Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Bank of New York Mellon Corp lifted its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 3.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,047 shares of the company’s stock after acquiring an additional 7,159 shares during the quarter. Bank of New York Mellon Corp owned 0.50% of Choice Hotels International worth $31,077,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Pictet Asset Management Holding SA grew its position in shares of Choice Hotels International by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company’s stock valued at $506,000 after buying an additional 74 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in Choice Hotels International by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company’s stock worth $1,838,000 after purchasing an additional 76 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after purchasing an additional 86 shares in the last quarter. Captrust Financial Advisors increased its position in Choice Hotels International by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 2,069 shares of the company’s stock worth $294,000 after buying an additional 90 shares in the last quarter. Finally, Occudo Quantitative Strategies LP boosted its holdings in shares of Choice Hotels International by 3.2% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,062 shares of the company’s stock worth $435,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analysts Set New Price Targets

CHH has been the topic of several research analyst reports. Susquehanna set a $140.00 price objective on Choice Hotels International and gave the stock a “neutral” rating in a research note on Friday, May 16th. Robert W. Baird reduced their target price on shares of Choice Hotels International from $150.00 to $145.00 and set an “outperform” rating for the company in a research note on Monday, May 19th. Truist Financial lowered their price target on Choice Hotels International from $144.00 to $128.00 and set a “hold” rating on the stock in a report on Friday, May 30th. Jefferies Financial Group lowered their price target on Choice Hotels International from $154.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group upgraded Choice Hotels International from a “sell” rating to a “buy” rating and cut their price target for the stock from $141.00 to $138.00 in a report on Monday, April 14th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Choice Hotels International has a consensus rating of “Hold” and a consensus price target of $134.38.

Insider Transactions at Choice Hotels International

In related news, EVP Dominic Dragisich sold 4,900 shares of the business’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $132.72, for a total value of $650,328.00. Following the sale, the executive vice president directly owned 70,881 shares in the company, valued at approximately $9,407,326.32. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ervin R. Shames sold 2,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $129.56, for a total transaction of $259,120.00. Following the completion of the sale, the director directly owned 52,212 shares in the company, valued at $6,764,586.72. This trade represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,000 shares of company stock worth $1,565,395. Insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Down 1.5%

Shares of NYSE CHH opened at $131.50 on Wednesday. The firm has a market capitalization of $6.10 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.26 and a beta of 0.96. The firm’s 50-day moving average price is $128.03 and its 200-day moving average price is $134.12. Choice Hotels International, Inc. has a 1-year low of $116.20 and a 1-year high of $157.86.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.04). The business had revenue of $332.86 million for the quarter, compared to analysts’ expectations of $348.52 million. Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. Equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be issued a $0.2875 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $1.15 annualized dividend and a yield of 0.87%. Choice Hotels International’s dividend payout ratio (DPR) is presently 17.56%.

Choice Hotels International Company Profile

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.