Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Investment Research & Advisory Group Inc.

25 Oct 2024, 06:28 by Jessica Moore · The Cerbat Gem

Investment Research & Advisory Group Inc. decreased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 19.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,422 shares of the company’s stock after selling 1,576 shares during the quarter. Investment Research & Advisory Group Inc.’s holdings in Choice Hotels International were worth $837,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the last quarter. Vanguard Group Inc. lifted its position in Choice Hotels International by 7.7% during the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock worth $345,957,000 after buying an additional 195,956 shares in the last quarter. Natixis Advisors LLC boosted its stake in Choice Hotels International by 917.2% during the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock worth $19,254,000 after buying an additional 145,893 shares during the last quarter. Raymond James & Associates grew its holdings in Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after buying an additional 113,951 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after acquiring an additional 90,765 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Stock Up 7.2 %

Shares of NYSE:CHH opened at $141.39 on Friday. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $142.54. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $6.81 billion, a P/E ratio of 30.34, a P/E/G ratio of 2.20 and a beta of 1.25. The firm has a fifty day moving average price of $129.00 and a 200 day moving average price of $123.05.

Choice Hotels International (NYSE:CHH – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The company had revenue of $435.20 million during the quarter, compared to analyst estimates of $438.29 million. During the same quarter last year, the firm earned $1.75 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Sell-side analysts predict that Choice Hotels International, Inc. will post 6.38 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.81%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s payout ratio is 24.68%.

Insiders Place Their Bets

In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were 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 directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Patrick Pacious sold 10,025 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $48,709,646.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,429 shares of company stock worth $4,866,493. 24.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CHH has been the topic of several recent research reports. Truist Financial lowered their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. UBS Group dropped their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a report on Friday, July 19th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Finally, Barclays lowered their price target on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $125.50.

Read Our Latest Analysis on Choice Hotels International

About Choice Hotels International

(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.