EverSource Wealth Advisors LLC Has $311,000 Stake in Choice Hotels International, Inc. (NYSE:CHH)

EverSource Wealth Advisors LLC grew its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 32.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,631 shares of the company’s stock after acquiring an additional 644 shares during the period. EverSource Wealth Advisors LLC’s holdings in Choice Hotels International were worth $311,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the last quarter. Covestor Ltd increased its position in shares of Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Vima LLC bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $36,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $48,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Trading Up 0.9 %

NYSE:CHH traded up $1.15 during mid-day trading on Friday, hitting $127.00. The company had a trading volume of 690,845 shares, compared to its average volume of 514,979. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $136.02. The business’s fifty day moving average is $120.01 and its two-hundred day moving average is $120.00. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. The firm has a market cap of $6.12 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.13 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last released its earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.13. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The firm had revenue of $331.90 million for the quarter, compared to analyst estimates of $343.04 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, research analysts expect that Choice Hotels International, Inc. will post 6.46 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were issued a $0.2875 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.91%. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CHH. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective on the stock. in a research report on Friday, July 19th. Barclays decreased their target price on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a report on Friday, April 19th. Susquehanna initiated coverage on Choice Hotels International in a report on Friday, June 21st. They set a “neutral” rating and a $125.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Finally, Truist Financial cut their price target on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $131.20.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the completion of the sale, the executive vice president now directly owns 69,171 shares in the company, valued at $8,608,330.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the transaction, the insider now directly owns 23,461 shares in the company, valued at $2,934,501.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total value of $1,632,410.65. Following the transaction, the executive vice president now owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The disclosure for this sale can be found here. Insiders sold 27,619 shares of company stock worth $3,436,998 over the last ninety days. 24.02% of the stock is currently 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.