Impact Capital Partners LLC Takes Position in Choice Hotels International, Inc. (NYSE:CHH)

Impact Capital Partners LLC purchased a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH) in the 4th quarter, Holdings Channel.com reports. The fund purchased 3,633 shares of the company’s stock, valued at approximately $516,000.

Several other large investors have also recently modified their holdings of the business. Sanctuary Advisors LLC increased its stake in Choice Hotels International by 33.4% in the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after purchasing an additional 4,219 shares in the last quarter. TD Private Client Wealth LLC increased its position in Choice Hotels International by 30.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after buying an additional 3,446 shares in the last quarter. Erste Asset Management GmbH acquired a new position in Choice Hotels International during the 3rd quarter worth approximately $19,545,000. Twelve Points Wealth Management LLC bought a new position in Choice Hotels International in the fourth quarter worth approximately $879,000. Finally, Congress Asset Management Co. grew its stake in Choice Hotels International by 17.3% in the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock valued at $11,661,000 after acquiring an additional 12,128 shares during the period. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Trading Down 1.6 %

Shares of Choice Hotels International stock opened at $128.02 on Friday. The business’s fifty day simple moving average is $145.44 and its 200 day simple moving average is $140.31. The firm has a market capitalization of $5.98 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. Choice Hotels International, Inc. has a 12 month low of $109.22 and a 12 month high of $157.86.

Choice Hotels International (NYSE:CHH) last issued 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 business had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is currently 18.46%.

Insiders Place Their Bets

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the sale, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the sale, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This represents a 4.83 % 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.

Analysts Set New Price Targets

CHH has been the subject of several recent research reports. Barclays boosted their price objective on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Jefferies Financial Group boosted their price objective on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group boosted their price objective on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Truist Financial lifted their target price 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. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $140.67.

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.