Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in Choice Hotels International, Inc. (NYSE:CHHGet Rating) by 4.6% during the 3rd quarter, Holdings Channel reports. The firm owned 5,086 shares of the company’s stock after selling 244 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Choice Hotels International were worth $557,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CHH. Parallel Advisors LLC grew its holdings in Choice Hotels International by 192.6% in the second quarter. Parallel Advisors LLC now owns 275 shares of the company’s stock valued at $31,000 after purchasing an additional 181 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Choice Hotels International during the second quarter valued at $34,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Choice Hotels International during the third quarter valued at $41,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Choice Hotels International during the second quarter valued at $60,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Choice Hotels International during the third quarter valued at $63,000. Institutional investors and hedge funds own 58.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays decreased their price objective 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. Deutsche Bank Aktiengesellschaft decreased their price objective on Choice Hotels International from $117.00 to $112.00 in a research note on Tuesday, November 8th. StockNews.com assumed coverage on Choice Hotels International in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley assumed coverage on Choice Hotels International in a research report on Monday, December 5th. They set an “equal weight” rating and a $137.00 target price on the stock. Finally, Truist Financial reduced their target price on Choice Hotels International from $135.00 to $120.00 and set a “hold” rating on the stock in a research report on Monday, December 5th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $120.75.

Choice Hotels International Stock Performance

NYSE CHH opened at $123.91 on Monday. The business’s 50-day moving average price is $117.60 and its 200 day moving average price is $117.13. Choice Hotels International, Inc. has a twelve month low of $104.15 and a twelve month high of $153.71. The company has a market capitalization of $6.60 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.06.

Choice Hotels International (NYSE:CHHGet Rating) last released its earnings results on Monday, November 7th. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.19). The business had revenue of $414.30 million for the quarter, compared to analysts’ expectations of $374.90 million. Choice Hotels International had a return on equity of 87.75% and a net margin of 25.72%. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.51 earnings per share. On average, research analysts predict that Choice Hotels International, Inc. will post 5.12 earnings per share for the current year.

Choice Hotels International Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were issued a $0.237 dividend. 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 15.63%.

Insider Transactions at Choice Hotels International

In other news, SVP Simone Wu sold 6,342 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $120.82, for a total value of $766,240.44. Following the transaction, the senior vice president now directly owns 39,147 shares in the company, valued at approximately $4,729,740.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Brian Bainum sold 30,000 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $122.44, for a total transaction of $3,673,200.00. Following the sale, the director now directly owns 14,196 shares in the company, valued at approximately $1,738,158.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Simone Wu sold 6,342 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $120.82, for a total value of $766,240.44. Following 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 have sold a total of 38,448 shares of company stock worth $4,702,901 in the last three months. 20.84% of the stock is currently owned by company insiders.

Choice Hotels International Company Profile

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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.

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

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