Price T Rowe Associates Inc. MD trimmed its stake in shares of Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 0.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 539,910 shares of the company’s stock after selling 4,722 shares during the period. Price T Rowe Associates Inc. MD owned 1.01% of Choice Hotels International worth $59,132,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. US Bancorp DE grew its position in shares of Choice Hotels International by 4.3% during the first quarter. US Bancorp DE now owns 2,716 shares of the company’s stock valued at $385,000 after purchasing an additional 112 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Choice Hotels International by 0.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 13,319 shares of the company’s stock worth $1,458,000 after acquiring an additional 124 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Choice Hotels International by 28.0% during the 2nd quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock worth $67,000 after acquiring an additional 131 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Choice Hotels International by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $225,000 after acquiring an additional 134 shares during the last quarter. Finally, Institute for Wealth Management LLC. grew its holdings in shares of Choice Hotels International by 3.3% in the third quarter. Institute for Wealth Management LLC. now owns 5,207 shares of the company’s stock valued at $570,000 after purchasing an additional 166 shares in the last quarter. 58.03% of the stock is currently owned by institutional investors.
Insider Activity at Choice Hotels International
In other Choice Hotels International news, insider David A. Pepper sold 7,932 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $120.94, for a total transaction of $959,296.08. Following the transaction, the insider now directly owns 30,387 shares in the company, valued at approximately $3,675,003.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Choice Hotels International news, insider David A. Pepper sold 7,932 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $120.94, for a total transaction of $959,296.08. Following the transaction, the insider now owns 30,387 shares of the company’s stock, valued at approximately $3,675,003.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Simone Wu sold 6,342 shares of the stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $125.71, for a total transaction of $797,252.82. Following the transaction, the senior vice president now owns 39,147 shares in the company, valued at $4,921,169.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,307 shares of company stock worth $10,691,003. Company insiders own 20.84% of the company’s stock.
Choice Hotels International Price Performance
Choice Hotels International (NYSE:CHH – Get Rating) last issued its earnings results on Wednesday, February 15th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.18. The firm had revenue of $362.00 million during the quarter, compared to analyst estimates of $356.74 million. Choice Hotels International had a net margin of 23.69% and a return on equity of 99.85%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. As a group, sell-side analysts anticipate that Choice Hotels International, Inc. will post 5.89 EPS for the current year.
Choice Hotels International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 18th. Stockholders of record on Monday, April 3rd will be paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, March 31st. This is an increase from Choice Hotels International’s previous quarterly dividend of $0.24. Choice Hotels International’s payout ratio is currently 15.89%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Choice Hotels International from $135.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, December 5th. Morgan Stanley lifted their price target on Choice Hotels International from $129.00 to $134.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 1st. Redburn Partners assumed coverage on Choice Hotels International in a research report on Wednesday, November 30th. They set a “sell” rating on the stock. Finally, Barclays lifted their target price on Choice Hotels International from $107.00 to $120.00 in a report on Thursday, February 16th. Four analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $122.00.
Choice Hotels International Profile
Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.
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