AXQ Capital LP Lowers Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

AXQ Capital LP trimmed its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,111 shares of the company's stock after selling 5,969 shares during the period. AXQ Capital LP's holdings in Choice Hotels International were worth $300,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new stake in shares of Choice Hotels International in the 3rd quarter worth about $55,000. Tortoise Investment Management LLC boosted its stake in Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after acquiring an additional 154 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock worth $62,000 after purchasing an additional 393 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Choice Hotels International during the fourth quarter valued at approximately $62,000. Finally, Quarry LP bought a new position in shares of Choice Hotels International during the third quarter valued at approximately $63,000. Institutional investors own 65.57% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company cut their price target on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. increased their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an "underweight" rating in a research note on Friday, December 13th. Truist Financial lifted their price target on Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a research report on Friday. Robert W. Baird increased their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their target price on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a "sell" rating in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $140.62.

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Choice Hotels International Trading Up 1.1 %

CHH stock traded up $1.50 on Tuesday, hitting $132.97. The company had a trading volume of 187,659 shares, compared to its average volume of 408,413. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.90 and a beta of 1.25. The stock's 50-day simple moving average is $143.70 and its 200 day simple moving average is $140.63.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Research analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.86%. Choice Hotels International's dividend payout ratio is currently 18.46%.

Insider Activity

In related news, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. The trade was a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.