Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC cut its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,098 shares of the company’s stock after selling 834 shares during the period. NewEdge Wealth LLC owned about 0.06% of Choice Hotels International worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its position in 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 purchasing an additional 4,219 shares during the period. TD Private Client Wealth LLC lifted its position in 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 purchasing an additional 3,446 shares during the period. Twelve Points Wealth Management LLC acquired a new position in Choice Hotels International during the fourth quarter valued at $879,000. Erste Asset Management GmbH acquired a new position in Choice Hotels International during the third quarter valued at $19,545,000. Finally, Congress Asset Management Co. raised its position in shares of Choice Hotels International by 17.3% in the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock worth $11,661,000 after acquiring an additional 12,128 shares during the period. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the sale, the executive vice president now owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Stock Down 2.3 %

CHH stock opened at $143.07 on Friday. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $157.86. The stock has a market capitalization of $6.69 billion, a P/E ratio of 22.96, a P/E/G ratio of 1.90 and a beta of 1.23. The firm has a 50-day simple moving average of $145.42 and a 200-day simple moving average of $139.05.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The company had revenue of $389.77 million during the quarter, compared to analysts’ expectations of $374.24 million. On average, analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.80%. Choice Hotels International’s dividend payout ratio is presently 18.46%.

Analyst Ratings Changes

CHH has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Susquehanna upped their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday. Truist Financial upped their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of Choice Hotels International from $133.00 to $138.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Finally, Bank of America upped their price objective on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $139.92.

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.