Choice Hotels International, Inc. (NYSE:CHH) Stake Lessened by Wealth Alliance

Wealth Alliance lowered its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,280 shares of the company’s stock after selling 80 shares during the period. Wealth Alliance’s holdings in Choice Hotels International were worth $466,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Choice Hotels International by 81.4% in the third quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 179 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Choice Hotels International in the third quarter worth $55,000. Quarry LP acquired a new position in shares of Choice Hotels International in the third quarter worth $63,000. SG Americas Securities LLC acquired a new position in shares of Choice Hotels International in the fourth quarter worth $125,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of Choice Hotels International in the fourth quarter worth $143,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company increased their target price on shares of Choice Hotels International from $133.00 to $138.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised their price target on Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Truist Financial raised their price target on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird raised their price target on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $136.58.

Choice Hotels International Stock Performance

NYSE CHH opened at $150.53 on Friday. The firm has a 50-day simple moving average of $145.10 and a 200 day simple moving average of $138.38. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $157.86. The stock has a market cap of $7.06 billion, a PE ratio of 28.84, a PEG ratio of 1.85 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $389.77 million during the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Research analysts forecast that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, January 2nd. Choice Hotels International’s dividend payout ratio is 22.03%.

Choice Hotels International Company 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.