Thrive Wealth Management LLC Cuts Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Thrive Wealth Management LLC decreased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,714 shares of the company’s stock after selling 145 shares during the period. Thrive Wealth Management LLC’s holdings in Choice Hotels International were worth $243,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHH. Dimensional Fund Advisors LP boosted its holdings in Choice Hotels International by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock worth $80,340,000 after purchasing an additional 26,289 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Choice Hotels International by 38.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after acquiring an additional 111,903 shares during the last quarter. Raymond James & Associates increased 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 acquiring an additional 113,951 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Choice Hotels International in the 3rd quarter valued at $19,545,000. Finally, Stifel Financial Corp increased its holdings in Choice Hotels International by 31.4% in the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock valued at $18,735,000 after acquiring an additional 34,396 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $58,656,336.70. The trade was a 1.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 24.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lifted their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Barclays lifted their price target on shares of Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Truist Financial lifted their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus target price of $133.27.

Choice Hotels International Price Performance

Shares of CHH stock opened at $141.82 on Monday. The firm has a market cap of $6.65 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a 50-day moving average of $144.67 and a two-hundred day moving average of $134.49. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $153.81.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 0.81%. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

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.