Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Barclays PLC

Barclays PLC lessened its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 62.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,409 shares of the company's stock after selling 19,055 shares during the quarter. Barclays PLC's holdings in Choice Hotels International were worth $1,486,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new position in shares of Choice Hotels International during the third quarter worth $395,000. MML Investors Services LLC raised its holdings in shares of Choice Hotels International by 13.6% in the 3rd quarter. MML Investors Services LLC now owns 6,692 shares of the company's stock valued at $872,000 after buying an additional 802 shares during the period. Stifel Financial Corp lifted its stake in Choice Hotels International by 31.4% during the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company's stock worth $18,735,000 after acquiring an additional 34,396 shares in the last quarter. Quantinno Capital Management LP purchased a new position in Choice Hotels International during the 3rd quarter valued at about $368,000. Finally, Quarry LP acquired a new position in Choice Hotels International in the 3rd quarter valued at about $63,000. Hedge funds and other institutional investors own 65.57% of the company's stock.

Analysts Set New Price Targets

CHH has been the topic of a number of recent research reports. Truist Financial upped their price objective on Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a research report on Wednesday, December 4th. JPMorgan Chase & Co. increased their price target on Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research report on Friday, December 13th. Wells Fargo & Company assumed coverage on Choice Hotels International in a research report on Thursday, December 5th. They set an "underweight" rating and a $133.00 price objective for the company. Barclays raised their target price on shares of Choice Hotels International from $123.00 to $129.00 and gave the company an "underweight" rating in a report on Friday, December 13th. Finally, StockNews.com raised shares of Choice Hotels International from a "sell" rating to a "hold" rating in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $134.18.

Insider Activity at Choice Hotels International

In other news, insider Robert J. Mcdowell sold 8,712 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $134.99, for a total transaction of $1,176,032.88. Following the transaction, the insider now owns 38,502 shares of the company's stock, valued at approximately $5,197,384.98. This trade represents a 18.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of Choice Hotels International stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the completion of the transaction, the executive vice president now owns 68,509 shares of the company's stock, valued at $9,240,493.92. This trade represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,572 shares of company stock worth $7,562,444. 24.02% of the stock is currently owned by company insiders.

Choice Hotels International Price Performance

Choice Hotels International stock traded down $0.45 during mid-day trading on Friday, hitting $140.82. 152,801 shares of the company were exchanged, compared to its average volume of 454,261. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $153.81. The company has a market capitalization of $6.61 billion, a P/E ratio of 26.98, a PEG ratio of 2.30 and a beta of 1.23. The business's 50 day simple moving average is $144.22 and its two-hundred day simple moving average is $131.88. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. During the same period in the prior year, the firm posted $1.82 earnings per share. The business's quarterly revenue was up .6% compared to the same quarter last year. Analysts forecast that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be paid a $0.2875 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.82%. Choice Hotels International's dividend payout ratio (DPR) is currently 22.03%.

About Choice Hotels International

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.