Truist Financial Corp Reduces Stock Holdings in Choice Hotels International, Inc. $CHH

Truist Financial Corp decreased its stake in Choice Hotels International, Inc. (NYSE:CHH) by 4.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,004 shares of the company’s stock after selling 1,721 shares during the quarter. Truist Financial Corp owned about 0.08% of Choice Hotels International worth $4,949,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CHH. UMB Bank n.a. boosted its holdings in Choice Hotels International by 66.2% during the 1st quarter. UMB Bank n.a. now owns 256 shares of the company’s stock valued at $34,000 after acquiring an additional 102 shares during the period. HM Payson & Co. purchased a new position in Choice Hotels International during the 1st quarter valued at $35,000. Signaturefd LLC boosted its holdings in Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company’s stock valued at $37,000 after acquiring an additional 108 shares during the period. Toth Financial Advisory Corp purchased a new position in Choice Hotels International during the 2nd quarter valued at $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Choice Hotels International by 119.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company’s stock valued at $49,000 after acquiring an additional 212 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Dominic Dragisich sold 2,500 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total transaction of $341,125.00. Following the transaction, the executive vice president directly owned 68,381 shares in the company, valued at $9,330,587.45. The trade was a 3.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 24.02% of the stock is currently owned by company insiders.

Choice Hotels International Trading Down 2.5%

CHH opened at $101.34 on Wednesday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 7.48 and a beta of 0.83. Choice Hotels International, Inc. has a 12 month low of $100.91 and a 12 month high of $157.86. The stock has a fifty day moving average price of $116.20 and a 200-day moving average price of $123.87.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.90 by $0.02. The firm had revenue of $426.44 million during the quarter, compared to analyst estimates of $430.13 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.84 EPS. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, October 1st. Choice Hotels International’s payout ratio is 17.69%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley restated an “underweight” rating and set a $121.00 price objective on shares of Choice Hotels International in a report on Tuesday, July 15th. Barclays decreased their target price on Choice Hotels International from $117.00 to $101.00 and set an “underweight” rating for the company in a research report on Friday. Bank of America lowered Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 target price for the company. in a research report on Monday, September 29th. UBS Group decreased their target price on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Choice Hotels International in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $127.92.

Choice Hotels International 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.