Congress Asset Management Co. Has $9.12 Million Stake in Choice Hotels International, Inc. (NYSE:CHH)

Congress Asset Management Co. increased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 15.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,003 shares of the company's stock after acquiring an additional 9,202 shares during the period. Congress Asset Management Co. owned about 0.15% of Choice Hotels International worth $9,121,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHH. Eagle Bay Advisors LLC grew its holdings in shares of Choice Hotels International by 12.9% during the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company's stock worth $110,000 after purchasing an additional 96 shares during the last quarter. State of Michigan Retirement System grew its holdings in Choice Hotels International by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 6,032 shares of the company's stock worth $762,000 after acquiring an additional 100 shares during the last quarter. AGF Management Ltd. increased its position in Choice Hotels International by 0.5% in the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company's stock valued at $2,492,000 after acquiring an additional 101 shares in the last quarter. Aurora Investment Managers LLC. raised its stake in shares of Choice Hotels International by 0.9% in the third quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company's stock worth $1,624,000 after acquiring an additional 113 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company's stock worth $25,000 after purchasing an additional 117 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHH has been the subject of several research analyst reports. UBS Group dropped their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday, August 9th. Truist Financial cut their price target on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. cut Choice Hotels International from a "neutral" rating to an "underweight" rating and set a $120.00 price objective for the company. in a research note on Friday, July 19th. Barclays cut their target price on Choice Hotels International from $114.00 to $112.00 and set an "underweight" rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com upgraded Choice Hotels International from a "sell" rating to a "hold" rating in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $125.50.

Insiders Place Their Bets

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the transaction, the insider now owns 18,084 shares of the company's stock, valued at $2,441,340. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company's stock, valued at approximately $2,441,340. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock valued at $4,866,493 in the last 90 days. 24.02% of the stock is currently owned by insiders.

Choice Hotels International Stock Down 0.5 %

Shares of NYSE CHH traded down $0.75 during mid-day trading on Friday, reaching $138.76. 449,389 shares of the company's stock were exchanged, compared to its average volume of 480,428. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 2.29 and a beta of 1.25. The business has a fifty day simple moving average of $130.88 and a 200 day simple moving average of $123.74. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $143.69.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.02). The company had revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 EPS. As a group, equities analysts expect that Choice Hotels International, Inc. will post 6.35 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.83%. Choice Hotels International's payout ratio is currently 23.91%.

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.