Choice Hotels International, Inc. (NYSE:CHH) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 38.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 402,293 shares of the company's stock after purchasing an additional 111,903 shares during the period. JPMorgan Chase & Co. owned approximately 0.86% of Choice Hotels International worth $52,419,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Choice Hotels International by 77.2% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock worth $488,590,000 after buying an additional 1,788,563 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Choice Hotels International during the third quarter worth approximately $19,545,000. Raymond James & Associates raised its position in Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company's stock valued at $47,557,000 after purchasing an additional 113,951 shares during the period. Envestnet Asset Management Inc. raised its position in Choice Hotels International by 51.5% during the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company's stock valued at $31,767,000 after purchasing an additional 90,765 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Choice Hotels International by 31.4% in the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company's stock valued at $18,735,000 after purchasing an additional 34,396 shares during the last quarter. Institutional investors own 65.57% of the company's stock.

Insiders Place Their Bets

In other news, insider Robert J. Mcdowell sold 8,712 shares of Choice Hotels International stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.99, for a total value of $1,176,032.88. Following the transaction, the insider now owns 38,502 shares of the company's stock, valued at $5,197,384.98. The trade was a 18.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 of the company's stock, valued at $58,656,336.70. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 53,572 shares of company stock worth $7,562,444 over the last 90 days. Company insiders own 24.02% of the company's stock.

Choice Hotels International Stock Up 1.2 %

Shares of CHH stock traded up $1.63 during mid-day trading on Friday, hitting $143.30. The stock had a trading volume of 355,720 shares, compared to its average volume of 352,560. The firm has a market capitalization of $6.72 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. 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, Inc. has a 12-month low of $108.91 and a 12-month high of $153.81. The firm's 50-day moving average is $144.68 and its two-hundred day moving average is $132.88.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $428.00 million for the quarter, compared to analysts' expectations of $432.62 million. During the same period in the prior year, the business earned $1.82 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International's dividend payout ratio (DPR) is 22.03%.

Analysts Set New Price Targets

CHH has been the topic of several recent research reports. 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 report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Jefferies Financial Group upped their price target on shares of Choice Hotels International from $150.00 to $152.00 and gave the company a "hold" rating in a report on Thursday. Truist Financial raised their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group upped their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a "sell" rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $134.36.

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.