Atria Wealth Solutions Inc. Has $473,000 Stock Position in Choice Hotels International, Inc. $CHH

Atria Wealth Solutions Inc. lifted its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 3.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,724 shares of the company’s stock after buying an additional 124 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Choice Hotels International were worth $473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CHH. HM Payson & Co. acquired a new stake in shares of Choice Hotels International during the first quarter worth $35,000. Signaturefd LLC raised its stake in Choice Hotels International by 64.7% in the first quarter. Signaturefd LLC now owns 275 shares of the company’s stock valued at $37,000 after purchasing an additional 108 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Choice Hotels International in the second quarter valued at about $38,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Choice Hotels International by 119.1% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company’s stock valued at $49,000 after purchasing an additional 212 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Choice Hotels International by 116.2% in the second quarter. GAMMA Investing LLC now owns 413 shares of the company’s stock valued at $52,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CHH. Barclays dropped their price target on Choice Hotels International from $117.00 to $101.00 and set an “underweight” rating for the company in a research note on Friday, October 3rd. Bank of America downgraded Choice Hotels International from a “buy” rating to an “underperform” rating and set a $110.00 price target for the company. in a research note on Monday, September 29th. UBS Group dropped their price target on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Robert W. Baird dropped their price target on Choice Hotels International from $144.00 to $136.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. began coverage on Choice Hotels International in a research note on Monday, June 23rd. They issued an “underweight” rating and a $124.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Choice Hotels International has a consensus rating of “Reduce” and a consensus price target of $127.92.

Choice Hotels International Stock Up 1.2%

Choice Hotels International stock opened at $99.69 on Monday. Choice Hotels International, Inc. has a 12-month low of $98.21 and a 12-month high of $157.86. The business’s 50-day moving average price is $112.09 and its two-hundred day moving average price is $122.01. The stock has a market cap of $4.61 billion, a PE ratio of 15.34, a P/E/G ratio of 7.16 and a beta of 0.83.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, August 6th. The company reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.02. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The firm had revenue of $426.44 million for the quarter, compared to analysts’ expectations of $430.13 million. During the same quarter in the previous year, the business posted $1.84 earnings per share. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Wednesday, October 1st. Choice Hotels International’s payout ratio is 17.69%.

Insider Buying and Selling at Choice Hotels International

In other news, EVP Dominic Dragisich sold 2,500 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total transaction of $341,125.00. Following the sale, the executive vice president directly owned 68,381 shares in the company, valued at approximately $9,330,587.45. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 24.02% of the company’s stock.

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.