Pinebridge Investments L.P. Purchases Shares of 25,835 Choice Hotels International, Inc. (NYSE:CHH)

Pinebridge Investments L.P. acquired a new position in shares of Choice Hotels International, Inc. (NYSE:CHHFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,835 shares of the company’s stock, valued at approximately $2,927,000. Pinebridge Investments L.P. owned 0.05% of Choice Hotels International at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in Choice Hotels International by 7.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,047 shares of the company’s stock valued at $251,000 after purchasing an additional 147 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of Choice Hotels International by 3.6% in the third quarter. Alliance Wealth Advisors LLC UT now owns 5,347 shares of the company’s stock valued at $655,000 after buying an additional 187 shares in the last quarter. Institute for Wealth Management LLC. grew its stake in shares of Choice Hotels International by 7.2% in the fourth quarter. Institute for Wealth Management LLC. now owns 5,036 shares of the company’s stock valued at $571,000 after buying an additional 337 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of Choice Hotels International by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 30,992 shares of the company’s stock worth $3,797,000 after purchasing an additional 367 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of Choice Hotels International in the 4th quarter valued at about $45,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Choice Hotels International

In other news, insider Robert J. Mcdowell sold 1,243 shares of Choice Hotels International stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total transaction of $146,151.94. Following the transaction, the insider now owns 38,502 shares in the company, valued at $4,527,065.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 24.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CHH. Barclays lowered their price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, April 19th. Truist Financial decreased their target price on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Robert W. Baird cut their price target on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, Jefferies Financial Group upgraded shares of Choice Hotels International from an “underperform” rating to a “buy” rating and raised their target price for the stock from $96.00 to $156.00 in a research note on Monday, March 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $129.50.

Check Out Our Latest Stock Analysis on Choice Hotels International

Choice Hotels International Price Performance

CHH stock opened at $114.10 on Friday. The company’s 50-day moving average price is $118.32 and its two-hundred day moving average price is $117.62. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $136.02. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 177.75. The firm has a market cap of $5.50 billion, a P/E ratio of 24.49, a P/E/G ratio of 1.94 and a beta of 1.22.

Choice Hotels International (NYSE:CHHGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.15 by $0.13. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The firm had revenue of $331.90 million during the quarter, compared to the consensus estimate of $343.04 million. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, analysts anticipate that Choice Hotels International, Inc. will post 6.44 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be given a $0.2875 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.15 annualized dividend and a yield of 1.01%. Choice Hotels International’s dividend payout ratio is presently 24.68%.

Choice Hotels International Profile

(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.

See Also

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

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