Venturi Wealth Management LLC Acquires 734 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Venturi Wealth Management LLC lifted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 42.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,481 shares of the company’s stock after acquiring an additional 734 shares during the period. Venturi Wealth Management LLC’s holdings in Choice Hotels International were worth $323,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CHH. State Board of Administration of Florida Retirement System increased its position in shares of Choice Hotels International by 17.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after purchasing an additional 5,156 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Choice Hotels International in the first quarter valued at $6,248,000. SG Americas Securities LLC lifted its holdings in shares of Choice Hotels International by 161.3% in the 2nd quarter. SG Americas Securities LLC now owns 10,341 shares of the company’s stock worth $1,231,000 after acquiring an additional 6,384 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after purchasing an additional 195,956 shares during the period. Finally, &PARTNERS bought a new position in Choice Hotels International during the 2nd quarter valued at about $366,000. 65.57% of the stock is owned by institutional investors.

Choice Hotels International Trading Down 0.4 %

NYSE CHH opened at $144.39 on Wednesday. The company’s 50-day simple moving average is $133.15 and its two-hundred day simple moving average is $125.08. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $149.75. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.24. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.71.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Choice Hotels International’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Equities analysts forecast that Choice Hotels International, Inc. will post 6.76 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

Wall Street Analysts Forecast Growth

CHH has been the subject of several analyst reports. Robert W. Baird raised their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective on the stock. in a research report on Wednesday, November 6th. Truist Financial decreased their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, JPMorgan Chase & Co. cut shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a report on Friday, July 19th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $128.78.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now directly owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the sale, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the completion of the sale, the insider now owns 18,084 shares of the company’s stock, valued at $2,441,340. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock valued at $9,788,980 over the last quarter. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Profile

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.