Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its stake in shares of Choice Hotels International, Inc. (NYSE:CHHFree Report) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,288 shares of the company’s stock after selling 83 shares during the quarter. M&T Bank Corp’s holdings in Choice Hotels International were worth $559,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Choice Hotels International by 26.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,450 shares of the company’s stock worth $649,000 after buying an additional 1,140 shares in the last quarter. Blue Trust Inc. lifted its stake in Choice Hotels International by 307.4% in the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after acquiring an additional 166 shares during the last quarter. Raymond James & Associates grew its holdings in Choice Hotels International by 5.6% during the 2nd quarter. Raymond James & Associates now owns 251,032 shares of the company’s stock worth $29,873,000 after acquiring an additional 13,412 shares in the last quarter. &PARTNERS purchased a new stake in shares of Choice Hotels International in the 2nd quarter valued at approximately $366,000. Finally, LRI Investments LLC increased its position in shares of Choice Hotels International by 7,764.7% in the 2nd quarter. LRI Investments LLC now owns 1,337 shares of the company’s stock valued at $159,000 after purchasing an additional 1,320 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Patrick Pacious sold 7,192 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $58,656,336.70. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,412 shares of company stock worth $8,582,271. Company insiders own 24.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CHH. Morgan Stanley boosted their target price on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. upped their price objective on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group increased their price target on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, Truist Financial raised their price objective on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $134.18.

Check Out Our Latest Stock Report on Choice Hotels International

Choice Hotels International Stock Performance

Shares of CHH stock opened at $145.31 on Wednesday. The stock’s 50-day moving average price is $143.13 and its 200 day moving average price is $130.47. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The stock has a market capitalization of $6.82 billion, a PE ratio of 27.84, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $153.81.

Choice Hotels International (NYSE:CHHGet Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Choice Hotels International’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.82 EPS. As a group, equities research analysts forecast that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International’s dividend payout ratio is presently 22.03%.

Choice Hotels International Profile

(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.

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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