2 weeks Ago By Defense World Staff
Cerity Partners LLC trimmed its stake in shares of Choice Hotels International, Inc. ( NYSE:CHH – Free Report ) by 19.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 1,618 shares of the company’s stock after selling 387 shares during the period. Cerity Partners LLC’s holdings in Choice Hotels International were worth $212,000 as of its most recent filing with the Securities & Exchange Commission. Other institutional investors also recently bought and sold shares of the company.
CIBC Private Wealth Group LLC grew its stake in shares of Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after purchasing an additional 86 shares during the period.
Anchor Investment Management LLC purchased a new stake in Choice Hotels International during the third quarter worth $55,000. Tortoise Investment Management LLC grew its position in Choice Hotels International by 55.8% during the fourth quarter.
Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after buying an additional 154 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Choice Hotels International in the fourth quarter valued at $62,000.
Finally, Skandinaviska Enskilda Banken AB publ raised 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 worth $62,000 after acquiring an additional 393 shares during the period.
65.57% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several equities analysts recently weighed in on CHH shares.
Bank of America lifted their price target on Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, January 27th.
The Goldman Sachs Group upgraded Choice Hotels International from a “sell” rating to a “buy” rating and cut their price objective for the company from $141.00 to $138.00 in a research report on Monday, April 14th.
Redburn Atlantic upgraded Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 target price on the stock in a research report on Monday, March 24th. Morgan Stanley cut their price target on shares of Choice Hotels International from $124.
00 to $115.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, Robert W.
Baird increased their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th.
Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $135.69.
Choice Hotels International Price Performance CHH stock opened at $126.00 on Friday. Choice Hotels International, Inc.
has a 1 year low of $109.22 and a 1 year high of $157.86.
The firm has a market capitalization of $5.89 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.
90 and a beta of 1.08. The business has a 50 day simple moving average of $133.
20 and a 200-day simple moving average of $140.08. Choice Hotels International ( NYSE:CHH – Get Free Report ) last issued its earnings results on Thursday, February 20th.
The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $389.77 million during the quarter, compared to analysts’ expectations of $374.
24 million. On average, equities research analysts expect that Choice Hotels International, Inc. will post 7.
07 EPS for the current year. Choice Hotels International Announces Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.
2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.
91%. The ex-dividend date was Tuesday, April 1st. Choice Hotels International’s payout ratio is presently 18.
46%. Insider Activity In other Choice Hotels International news, 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 transaction of $519,050.00. Following the completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . Also, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 32,014 shares in the company, 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 . Corporate insiders own 24.
02% of the company’s stock. About Choice Hotels International ( 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. Featured Articles Five stocks we like better than Choice Hotels International Are Penny Stocks a Good Fit for Your Portfolio? 2 Strong Utilities Plays With Booming Earnings and Room to Grow 3 Grocery Stocks That Can Help Take a Bite Out of Inflation Why Smart Investors Don’t Panic in Election Season What is a Death Cross in Stocks? Now Is the Time to Buy ServiceNow—The Rebound Is Real Receive News & Ratings for Choice Hotels International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Choice Hotels International and related companies with MarketBeat.com's FREE daily email newsletter .
.
