UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Choice Hotels International, Inc. (NYSE:CHH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 11.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,151 shares of the company's stock after selling 11,982 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of Choice Hotels International worth $11,747,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CHH. Blue Trust Inc. boosted its position in shares of Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company's stock valued at $28,000 after buying an additional 166 shares during the period. Tortoise Investment Management LLC grew its position in Choice Hotels International by 129.4% in the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company's stock valued at $30,000 after acquiring an additional 141 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company's stock worth $47,000 after purchasing an additional 367 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of Choice Hotels International during the second quarter worth $56,000. Finally, Quest Partners LLC bought a new stake in shares of Choice Hotels International during the second quarter worth $69,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Stock Down 0.5 %

Shares of NYSE:CHH traded down $0.76 during trading on Friday, reaching $148.24. The stock had a trading volume of 281,504 shares, compared to its average volume of 286,863. The firm's 50-day simple moving average is $141.04 and its 200 day simple moving average is $128.81. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $153.81. The company has a market capitalization of $6.95 billion, a P/E ratio of 28.40, a PEG ratio of 2.38 and a beta of 1.23.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the prior year, the company posted $1.82 earnings per share. The company's revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts expect that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International's payout ratio is 22.03%.

Insider Buying and Selling

In related news, CEO Patrick Pacious sold 7,192 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,656,336.70. The trade was a 1.75 % 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, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now directly owns 18,084 shares in the company, valued at $2,441,340. This represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,437 shares of company stock valued at $9,788,980 over the last quarter. 24.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHH has been the topic of several recent analyst reports. Wells Fargo & Company began coverage on shares of Choice Hotels International in a research note on Thursday. They issued an "underweight" rating and a $133.00 price target on the stock. Barclays raised their target price on shares of Choice Hotels International from $112.00 to $123.00 and gave the stock an "underweight" rating in a research report on Tuesday, November 5th. Truist Financial increased their price objective on Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a research note on Wednesday. The Goldman Sachs Group lifted their target price on Choice Hotels International from $105.00 to $118.00 and gave the company a "sell" rating in a research report on Tuesday, November 5th. Finally, Robert W. Baird increased their price target on Choice Hotels International from $138.00 to $145.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $130.45.

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.