20,652 Shares in Choice Hotels International, Inc. (NYSE:CHH) Acquired by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 20,652 shares of the company's stock, valued at approximately $2,691,000.

Other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Choice Hotels International by 26.2% during the 3rd quarter. Franklin Resources Inc. now owns 16,048 shares of the company's stock worth $2,155,000 after purchasing an additional 3,330 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Choice Hotels International by 33.4% in the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company's stock worth $2,193,000 after buying an additional 4,219 shares in the last quarter. Anchor Investment Management LLC acquired a new position in Choice Hotels International during the third quarter worth about $55,000. TD Private Client Wealth LLC grew its stake in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company's stock valued at $1,940,000 after acquiring an additional 3,446 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Choice Hotels International in the 3rd quarter valued at about $395,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Trading Up 0.0 %

CHH stock traded up $0.05 during mid-day trading on Friday, hitting $146.45. 140,161 shares of the company were exchanged, compared to its average volume of 461,228. The business has a fifty day simple moving average of $142.50 and a 200-day simple moving average of $129.74. The firm has a market capitalization of $6.87 billion, a P/E ratio of 28.06, a PEG ratio of 2.30 and a beta of 1.23. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $153.81. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75.

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

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a $0.2875 dividend. 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 presently 22.03%.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,656,336.70. This represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Simone Wu sold 7,840 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,412 shares of company stock valued at $8,582,271. Corporate insiders own 24.02% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on CHH shares. Jefferies Financial Group cut Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 target price on the stock. in a report on Wednesday, November 6th. Truist Financial upped their target price on Choice Hotels International from $134.00 to $136.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. StockNews.com raised Choice Hotels International from a "sell" rating to a "hold" rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research report on Friday. Finally, Susquehanna raised their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $134.18.

Choice Hotels International 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.