Bank of New York Mellon Corp Sells 14,474 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Bank of New York Mellon Corp trimmed its position in Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 314,321 shares of the company’s stock after selling 14,474 shares during the quarter. Bank of New York Mellon Corp’s holdings in Choice Hotels International were worth $34,425,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in Choice Hotels International by 4.3% in the 1st quarter. US Bancorp DE now owns 2,716 shares of the company’s stock worth $385,000 after acquiring an additional 112 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Choice Hotels International by 0.9% in the third quarter. Commonwealth Equity Services LLC now owns 13,319 shares of the company’s stock worth $1,458,000 after purchasing an additional 124 shares during the last quarter. Captrust Financial Advisors increased its position in Choice Hotels International by 28.0% in the second quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock worth $67,000 after purchasing an additional 131 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Choice Hotels International by 9.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $225,000 after purchasing an additional 134 shares in the last quarter. Finally, Institute for Wealth Management LLC. lifted its position in Choice Hotels International by 3.3% during the third quarter. Institute for Wealth Management LLC. now owns 5,207 shares of the company’s stock valued at $570,000 after purchasing an additional 166 shares during the last quarter. 58.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CHH shares. Barclays boosted their target price on shares of Choice Hotels International from $107.00 to $120.00 in a report on Thursday, February 16th. Morgan Stanley upped their price objective on Choice Hotels International from $129.00 to $134.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 1st. Redburn Partners started coverage on Choice Hotels International in a report on Wednesday, November 30th. They issued a “sell” rating for the company. Finally, Truist Financial decreased their price target on Choice Hotels International from $135.00 to $120.00 and set a “hold” rating on the stock in a report on Monday, December 5th. Four investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $122.00.

Choice Hotels International Trading Down 2.6 %

Shares of NYSE CHH opened at $114.49 on Tuesday. Choice Hotels International, Inc. has a fifty-two week low of $104.15 and a fifty-two week high of $150.41. The company has a debt-to-equity ratio of 7.76, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.36 and a beta of 1.27. The business’s 50 day moving average price is $121.20 and its 200-day moving average price is $118.70.

Choice Hotels International (NYSE:CHH – Get Rating) last released its earnings results on Wednesday, February 15th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.18. The business had revenue of $362.00 million for the quarter, compared to analyst estimates of $356.74 million. Choice Hotels International had a return on equity of 99.85% and a net margin of 23.69%. The business’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. On average, sell-side analysts expect that Choice Hotels International, Inc. will post 5.89 earnings per share for the current year.

Choice Hotels International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 18th. Shareholders of record on Monday, April 3rd will be given a $0.287 dividend. This represents a $1.15 annualized dividend and a yield of 1.00%. This is a boost from Choice Hotels International’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, March 31st. Choice Hotels International’s payout ratio is 15.89%.

Insiders Place Their Bets

In other news, CEO Patrick Pacious sold 65,263 shares of Choice Hotels International stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $120.06, for a total transaction of $7,835,475.78. Following the completion of the sale, the chief executive officer now owns 364,763 shares of the company’s stock, valued at $43,793,445.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Choice Hotels International news, SVP Scott E. Oaksmith sold 1,680 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $126.05, for a total transaction of $211,764.00. Following the transaction, the senior vice president now directly owns 33,394 shares in the company, valued at approximately $4,209,313.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 65,263 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $120.06, for a total transaction of $7,835,475.78. Following the completion of the sale, the chief executive officer now owns 364,763 shares of the company’s stock, valued at approximately $43,793,445.78. The disclosure for this sale can be found here. Insiders have sold 88,307 shares of company stock worth $10,691,003 in the last three months. Corporate insiders own 20.84% of the company’s stock.

Choice Hotels International Profile

(Get Rating)

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.