Bank of New York Mellon Corp Reduces Position in Choice Hotels International, Inc. (NYSE:CHH)

Bank of New York Mellon Corp lowered its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 226,888 shares of the company's stock after selling 21,857 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.48% of Choice Hotels International worth $32,214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Huntington National Bank increased its position 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 valued at $295,000 after buying an additional 101 shares during the period. Bleakley Financial Group LLC boosted its position in Choice Hotels International by 5.5% during the 4th quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company's stock valued at $300,000 after acquiring an additional 110 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Choice Hotels International by 34.0% during 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. Alliance Wealth Advisors LLC UT raised its position in shares of Choice Hotels International by 6.8% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,275 shares of the company's stock worth $607,000 after acquiring an additional 273 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of Choice Hotels International by 14.5% in the 3rd quarter. Raymond James Trust N.A. now owns 2,937 shares of the company's stock valued at $383,000 after purchasing an additional 371 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

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Choice Hotels International Stock Down 2.1 %

Shares of Choice Hotels International stock traded down $2.86 on Wednesday, reaching $130.35. The company's stock had a trading volume of 369,261 shares, compared to its average volume of 418,913. Choice Hotels International, Inc. has a 52 week low of $109.22 and a 52 week high of $157.86. The firm's fifty day simple moving average is $145.68 and its two-hundred day simple moving average is $140.38. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million during the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, research analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.88%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International's dividend payout ratio is currently 18.46%.

Analyst Upgrades and Downgrades

CHH has been the subject of a number of research reports. The Goldman Sachs Group increased their price objective on Choice Hotels International from $118.00 to $138.00 and gave the stock a "sell" rating in a report on Tuesday, December 10th. 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 research note on Tuesday, March 4th. Barclays boosted their price objective on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a research note on Friday, February 21st. Bank of America upped their price objective on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Truist Financial lifted their target price on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a "hold" rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Choice Hotels International has a consensus rating of "Hold" and an average price target of $140.67.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by insiders.

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.