Zacks Investment Management bought a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 24,671 shares of the company's stock, valued at approximately $3,503,000. Zacks Investment Management owned approximately 0.05% of Choice Hotels International as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Choice Hotels International by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company's stock valued at $344,070,000 after buying an additional 8,362 shares during the last quarter. Boston Trust Walden Corp increased its holdings in Choice Hotels International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company's stock worth $134,822,000 after purchasing an additional 9,490 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock worth $52,419,000 after purchasing an additional 111,903 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $48,201,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Choice Hotels International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock valued at $39,634,000 after purchasing an additional 2,725 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.
Analysts Set New Price Targets
CHH has been the subject of a number of analyst reports. Wells Fargo & Company lowered their price target on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research report on Tuesday, March 4th. Truist Financial raised their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a research report on Friday, March 21st. Redburn Atlantic raised shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective for the company in a research report on Monday, March 24th. The Goldman Sachs Group raised shares of Choice Hotels International from a "sell" rating to a "buy" rating and dropped their target price for the stock from $141.00 to $138.00 in a research report on Monday, April 14th. Finally, Barclays dropped their price target on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $135.69.
Read Our Latest Stock Report on CHH
Choice Hotels International Trading Up 2.3 %
Shares of CHH stock traded up $2.87 during trading on Wednesday, reaching $125.33. 128,248 shares of the company's stock traded hands, compared to its average volume of 404,366. The firm's 50-day moving average is $134.03 and its 200 day moving average is $140.21. The company has a market capitalization of $5.86 billion, a P/E ratio of 20.12, a PEG ratio of 1.90 and a beta of 1.08. Choice Hotels International, Inc. has a 1 year low of $109.22 and a 1 year high of $157.86.
Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm had revenue of $389.77 million during the quarter, compared to analyst estimates of $374.24 million. As a group, sell-side analysts predict that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.
Choice Hotels International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Tuesday, April 1st. Choice Hotels International's dividend payout ratio (DPR) is presently 18.46%.
Insider Buying and Selling
In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at $4,622,821.60. This represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by company insiders.
About Choice Hotels International
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Free Report)
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.
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