Choice Hotels International, Inc. (NYSE:CHH) Stake Trimmed by Comerica Bank

Comerica Bank lowered its stake in Choice Hotels International, Inc. (NYSE:CHHGet Rating) by 13.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,022 shares of the company’s stock after selling 2,025 shares during the quarter. Comerica Bank’s holdings in Choice Hotels International were worth $1,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CHH. JPMorgan Chase & Co. increased its stake in Choice Hotels International by 3.3% in the 1st quarter. JPMorgan Chase & Co. now owns 75,694 shares of the company’s stock worth $10,730,000 after purchasing an additional 2,427 shares in the last quarter. Raymond James & Associates grew its stake in Choice Hotels International by 146.6% during the 1st quarter. Raymond James & Associates now owns 3,650 shares of the company’s stock valued at $517,000 after acquiring an additional 2,170 shares in the last quarter. US Bancorp DE grew its stake in Choice Hotels International by 4.3% during the 1st quarter. US Bancorp DE now owns 2,716 shares of the company’s stock valued at $385,000 after acquiring an additional 112 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Choice Hotels International by 9.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $225,000 after acquiring an additional 134 shares in the last quarter. Finally, Natixis Advisors L.P. grew its stake in Choice Hotels International by 1.5% during the 1st quarter. Natixis Advisors L.P. now owns 14,088 shares of the company’s stock valued at $1,997,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 58.03% of the company’s stock.

Choice Hotels International Stock Up 2.0 %

CHH opened at $123.91 on Friday. The business has a 50 day moving average price of $117.60 and a 200 day moving average price of $117.09. Choice Hotels International, Inc. has a twelve month low of $104.15 and a twelve month high of $153.71. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $6.60 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26.

Choice Hotels International (NYSE:CHHGet Rating) last issued its quarterly earnings results on Monday, November 7th. The company reported $1.56 EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.19). Choice Hotels International had a return on equity of 87.75% and a net margin of 25.72%. The business had revenue of $414.30 million for the quarter, compared to analyst estimates of $374.90 million. During the same quarter last year, the firm earned $1.51 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. Research analysts forecast that Choice Hotels International, Inc. will post 5.09 EPS for the current year.

Choice Hotels International Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a dividend of $0.237 per share. The ex-dividend date of this dividend was Friday, December 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 0.77%. Choice Hotels International’s dividend payout ratio (DPR) is presently 15.63%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays lowered their target price on Choice Hotels International from $108.00 to $107.00 and set an “underweight” rating on the stock in a research note on Tuesday, November 8th. Truist Financial reduced their price target on Choice Hotels International from $135.00 to $120.00 and set a “hold” rating for the company in a report on Monday, December 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Choice Hotels International from $117.00 to $112.00 in a report on Tuesday, November 8th. Redburn Partners started coverage on Choice Hotels International in a report on Wednesday, November 30th. They set a “sell” rating for the company. Finally, StockNews.com started coverage on Choice Hotels International in a report on Wednesday, October 12th. They set a “hold” rating for the company. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $120.75.

Insider Transactions at Choice Hotels International

In other news, insider Patrick Cimerola sold 2,106 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $125.10, for a total transaction of $263,460.60. Following the sale, the insider now directly owns 22,296 shares in the company, valued at $2,789,229.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Choice Hotels International news, insider Patrick Cimerola sold 2,106 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $125.10, for a total value of $263,460.60. Following the sale, the insider now directly owns 22,296 shares in the company, valued at $2,789,229.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Simone Wu sold 6,342 shares of the company’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $120.82, for a total value of $766,240.44. Following the completion of the sale, the senior vice president now owns 39,147 shares in the company, valued at $4,729,740.54. The disclosure for this sale can be found here. Insiders sold a total of 38,448 shares of company stock worth $4,702,901 over the last three months. 20.84% of the stock is currently owned by insiders.

About Choice Hotels International

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Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.

Further Reading

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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