Envestnet Asset Management Inc. Decreases Position in Choice Hotels International, Inc. $CHH

Envestnet Asset Management Inc. trimmed its position in Choice Hotels International, Inc. (NYSE:CHH) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 257,316 shares of the company’s stock after selling 19,830 shares during the period. Envestnet Asset Management Inc. owned about 0.56% of Choice Hotels International worth $27,510,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bamco Inc. NY boosted its stake in shares of Choice Hotels International by 6.8% in the second quarter. Bamco Inc. NY now owns 4,990,652 shares of the company’s stock worth $633,214,000 after acquiring an additional 317,618 shares during the last quarter. Rock Creek Group LP raised its stake in Choice Hotels International by 52.3% in the 2nd quarter. Rock Creek Group LP now owns 811,579 shares of the company’s stock valued at $102,973,000 after purchasing an additional 278,715 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Choice Hotels International by 194.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 237,097 shares of the company’s stock valued at $30,083,000 after purchasing an additional 156,666 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Choice Hotels International by 57.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 315,969 shares of the company’s stock worth $40,090,000 after purchasing an additional 115,472 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Choice Hotels International by 8.4% during the third quarter. Boston Trust Walden Corp now owns 1,046,784 shares of the company’s stock worth $111,912,000 after buying an additional 81,132 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Insider Activity at Choice Hotels International

In related news, SVP Simone Wu sold 8,080 shares of Choice Hotels International stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $101.56, for a total transaction of $820,604.80. Following the sale, the senior vice president directly owned 48,803 shares in the company, valued at $4,956,432.68. This trade represents a 14.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.78% of the stock is owned by company insiders.

Choice Hotels International Stock Up 0.1%

Shares of Choice Hotels International stock opened at $109.13 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 12.81. Choice Hotels International, Inc. has a 52-week low of $84.04 and a 52-week high of $157.86. The company has a market capitalization of $5.05 billion, a P/E ratio of 13.41, a P/E/G ratio of 5.57 and a beta of 0.76. The company has a 50 day moving average of $100.39 and a 200 day moving average of $104.81.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, January 2nd were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is 14.13%.

Analyst Ratings Changes

CHH has been the topic of several research reports. UBS Group lowered their price target on shares of Choice Hotels International from $120.00 to $118.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 7th. The Goldman Sachs Group raised their target price on shares of Choice Hotels International from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Truist Financial set a $126.00 price target on Choice Hotels International and gave the company a “buy” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their price objective on Choice Hotels International from $95.00 to $102.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Barclays lowered their price objective on Choice Hotels International from $99.00 to $98.00 and set an “underweight” rating on the stock in a research note on Friday, January 16th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $109.15.

Choice Hotels International Company Profile

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.