Choice Hotels International, Inc. (NYSE:CHH) Stake Boosted by Atria Investments Inc

Atria Investments Inc raised its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 22.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,953 shares of the company's stock after purchasing an additional 3,623 shares during the period. Atria Investments Inc's holdings in Choice Hotels International were worth $2,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Markel Group Inc. raised its holdings in Choice Hotels International by 4.5% during the third quarter. Markel Group Inc. now owns 115,500 shares of the company's stock worth $15,050,000 after purchasing an additional 5,000 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of Choice Hotels International by 8.0% during the third quarter. Malaga Cove Capital LLC now owns 2,034 shares of the company's stock worth $265,000 after purchasing an additional 150 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Choice Hotels International by 41.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 57,394 shares of the company's stock worth $7,478,000 after buying an additional 16,694 shares during the last quarter. Stephens Inc. AR purchased a new stake in Choice Hotels International in the third quarter valued at approximately $233,000. Finally, Congress Asset Management Co. boosted its holdings in shares of Choice Hotels International by 15.1% in the third quarter. Congress Asset Management Co. now owns 70,003 shares of the company's stock valued at $9,121,000 after acquiring an additional 9,202 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHH. Truist Financial dropped their price target on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Jefferies Financial Group cut Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 price target for the company. in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a "hold" rating in a research report on Tuesday, November 5th. Finally, Susquehanna lifted their target price on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Choice Hotels International has an average rating of "Hold" and an average target price of $130.00.

Insiders Place Their Bets

In other news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the sale, the insider now directly owns 18,084 shares of the company's stock, valued at approximately $2,441,340. The trade was a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company's stock, valued at $48,709,646.42. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock worth $9,788,980 over the last quarter. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Trading Up 1.0 %

Shares of NYSE:CHH traded up $1.44 during trading on Friday, reaching $145.63. The stock had a trading volume of 128,537 shares, compared to its average volume of 477,629. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $149.75. The business has a fifty day moving average price of $133.93 and a 200-day moving average price of $125.35. The stock has a market cap of $6.83 billion, a P/E ratio of 27.63, a PEG ratio of 2.29 and a beta of 1.24. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75.

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. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The business's quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 earnings per share. As a group, analysts anticipate that Choice Hotels International, Inc. will post 6.83 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. Choice Hotels International's dividend payout ratio (DPR) is 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.