Huntington National Bank Sells 114 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Huntington National Bank lowered its stake in Choice Hotels International, Inc. (NYSE:CHH) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,153 shares of the company’s stock after selling 114 shares during the period. Huntington National Bank’s holdings in Choice Hotels International were worth $306,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CHH. Vanguard Group Inc. increased its position in shares of Choice Hotels International by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company’s stock valued at $344,070,000 after purchasing an additional 8,362 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of Choice Hotels International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company’s stock worth $134,822,000 after purchasing an additional 9,490 shares during the period. JPMorgan Chase & Co. grew its holdings in Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after purchasing an additional 111,903 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Choice Hotels International in the 4th quarter worth about $48,201,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Choice Hotels International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company’s stock worth $39,634,000 after buying an additional 2,725 shares during the period. 65.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHH has been the subject of a number of recent analyst reports. Bank of America boosted their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Robert W. Baird boosted their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Truist Financial raised their target price on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a research report on Friday, March 21st. Wells Fargo & Company lowered their price target on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating for the company in a report on Tuesday, March 4th. Finally, Jefferies Financial Group raised their price objective on Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.62.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $123.22 on Friday. The business has a fifty day moving average price of $141.53 and a 200 day moving average price of $140.91. Choice Hotels International, Inc. has a 1-year low of $109.22 and a 1-year high of $157.86. The stock has a market capitalization of $5.76 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. As a group, equities research analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s payout ratio is presently 18.46%.

Insider Activity

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares in the company, valued at approximately $10,219,797.90. This represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the sale, the chief financial officer now owns 32,014 shares of the company’s stock, valued at $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 24.02% of the company’s stock.

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.