Choice Hotels International, Inc. (NYSE:CHH) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE increased its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,931 shares of the company's stock after buying an additional 2,539 shares during the period. Congress Wealth Management LLC DE's holdings in Choice Hotels International were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 lifted its holdings in shares of Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock valued at $61,000 after purchasing an additional 154 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at approximately $62,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock valued at $62,000 after purchasing an additional 393 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of Choice Hotels International during the 4th quarter worth approximately $65,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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Choice Hotels International Trading Up 0.8 %

Shares of Choice Hotels International stock traded up $1.12 during trading hours on Monday, reaching $132.71. The stock had a trading volume of 475,078 shares, compared to its average volume of 412,630. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 1.90 and a beta of 1.25. Choice Hotels International, Inc. has a 1 year low of $109.22 and a 1 year high of $157.86. The firm has a 50 day simple moving average of $142.78 and a two-hundred day simple moving average of $141.01.

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

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International's dividend payout ratio (DPR) is presently 18.46%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CHH. Wells Fargo & Company lowered their target price on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a report on Tuesday, March 4th. StockNews.com cut Choice Hotels International from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Truist Financial upped their target price on shares of Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a report on Friday, March 21st. Morgan Stanley lifted their price target on shares of Choice Hotels International from $131.00 to $139.00 and gave the stock an "underweight" rating in a report on Tuesday, March 4th. Finally, Susquehanna upped their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International currently has an average rating of "Hold" and an average price target of $140.62.

Insiders Place Their Bets

In other news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 32,014 shares of the company's stock, valued at $4,622,821.60. This trade represents 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 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.