Sciencast Management LP Has $948,000 Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Sciencast Management LP grew its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 82.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,678 shares of the company’s stock after purchasing an additional 3,014 shares during the period. Sciencast Management LP’s holdings in Choice Hotels International were worth $948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CHH. Anchor Investment Management LLC bought a new position in shares of Choice Hotels International in the 3rd quarter valued at $55,000. Tortoise Investment Management LLC increased its stake in shares of Choice Hotels International by 55.8% in the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after purchasing an additional 154 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Choice Hotels International by 836.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after purchasing an additional 393 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Choice Hotels International in the 4th quarter valued at $62,000. Finally, Quarry LP bought a new stake in Choice Hotels International during the 3rd quarter worth $63,000. Institutional investors own 65.57% of the company’s stock.

Insider Activity

In related news, CFO Scott E. Oaksmith sold 1,780 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is owned by company insiders.

Choice Hotels International Price Performance

Shares of NYSE:CHH opened at $129.65 on Friday. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 1.90 and a beta of 1.25. The business’s 50-day moving average is $143.92 and its 200-day moving average is $140.48. Choice Hotels International, Inc. has a 1 year low of $109.22 and a 1 year high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is 18.46%.

Wall Street Analyst Weigh In

CHH has been the topic of a number of research reports. JPMorgan Chase & Co. boosted 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. Truist Financial boosted their price objective on Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a research report on Friday. Barclays boosted their price objective on Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a research report on Friday, February 21st. Bank of America boosted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company reduced their price objective on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 4th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $141.33.

About Choice Hotels International

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.