AGF Management Ltd. cut its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,330 shares of the company's stock after selling 7,180 shares during the period. AGF Management Ltd.'s holdings in Choice Hotels International were worth $2,461,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in shares of Choice Hotels International by 4.7% during the third quarter. Huntington National Bank now owns 2,267 shares of the company's stock worth $295,000 after purchasing an additional 101 shares during the last quarter. Bleakley Financial Group LLC increased its stake in Choice Hotels International by 5.5% in the 4th quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company's stock valued at $300,000 after buying an additional 110 shares during the period. Tortoise Investment Management LLC raised its position in Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after buying an additional 154 shares during the last quarter. Norden Group LLC raised its position in Choice Hotels International by 5.2% during the 4th quarter. Norden Group LLC now owns 4,500 shares of the company's stock worth $639,000 after buying an additional 223 shares during the last quarter. Finally, Trust Co. of Vermont lifted its stake in shares of Choice Hotels International by 34.0% in the 4th quarter. Trust Co. of Vermont now owns 1,045 shares of the company's stock worth $148,000 after acquiring an additional 265 shares during the period. 65.57% of the stock is owned by institutional investors and hedge funds.
Choice Hotels International Trading Up 1.7 %
CHH traded up $2.20 during midday trading on Monday, hitting $132.48. The company's stock had a trading volume of 495,624 shares, compared to its average volume of 411,727. Choice Hotels International, Inc. has a 52-week low of $109.22 and a 52-week high of $157.86. The firm has a 50-day moving average price of $144.90 and a two-hundred day moving average price of $140.44. The firm has a market cap of $6.19 billion, a P/E ratio of 21.27, a PEG ratio of 1.90 and a beta of 1.25.
Choice Hotels International (NYSE:CHH - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $389.77 million during the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. On average, equities analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current year.
Choice Hotels International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International's dividend payout ratio (DPR) is currently 18.46%.
Insider Buying and Selling
In other news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value 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 $10,219,797.90. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CHH. Morgan Stanley increased their price target on shares of Choice Hotels International from $131.00 to $139.00 and gave the stock an "underweight" rating in a report on Tuesday, March 4th. StockNews.com downgraded shares of Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday. Jefferies Financial Group lifted their price objective on Choice Hotels International from $150.00 to $152.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a report on Tuesday, March 4th. Finally, Robert W. Baird upped their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Choice Hotels International presently has a consensus rating of "Hold" and an average price target of $140.67.
Read Our Latest Research Report on Choice Hotels International
Choice Hotels International Profile
(
Free Report)
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.
Featured Articles
Before you consider Choice Hotels International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Choice Hotels International wasn't on the list.
While Choice Hotels International currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
