TD Private Client Wealth LLC Acquires 3,446 Shares of Choice Hotels International, Inc. (NYSE:CHH)

TD Private Client Wealth LLC grew its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 30.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,889 shares of the company’s stock after buying an additional 3,446 shares during the quarter. TD Private Client Wealth LLC’s holdings in Choice Hotels International were worth $1,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock valued at $488,590,000 after purchasing an additional 1,788,563 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Choice Hotels International in the 3rd quarter valued at about $19,545,000. Natixis Advisors LLC raised its holdings in shares of Choice Hotels International by 917.2% in the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after purchasing an additional 145,893 shares during the period. Raymond James & Associates grew its stake in Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after buying an additional 113,951 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after buying an additional 90,765 shares during the last quarter. 65.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHH has been the topic of a number of research reports. Robert W. Baird upped their price target on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their price target on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday. Morgan Stanley upped their price target on shares of Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Truist Financial upped their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Finally, StockNews.com upgraded shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $132.27.

Choice Hotels International Stock Performance

NYSE CHH opened at $146.37 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.34 and a beta of 1.23. The firm’s 50 day simple moving average is $142.22 and its 200 day simple moving average is $129.52. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $153.81.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. As a group, research analysts expect that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio is 22.03%.

Insider Buying and Selling

In related news, SVP Simone Wu sold 7,840 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 14.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the completion of the transaction, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,412 shares of company stock worth $8,582,271. Corporate 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.