Corebridge Financial Inc. Has $3.63 Million Stake in Choice Hotels International, Inc. (NYSE:CHH)

Corebridge Financial Inc. lowered its stake in Choice Hotels International, Inc. (NYSE:CHH) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,581 shares of the company’s stock after selling 1,537 shares during the period. Corebridge Financial Inc.’s holdings in Choice Hotels International were worth $3,632,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CHH. Congress Wealth Management LLC DE lifted its holdings in Choice Hotels International by 15.5% in the 4th quarter. Congress Wealth Management LLC DE now owns 18,931 shares of the company’s stock worth $2,688,000 after purchasing an additional 2,539 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Choice Hotels International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company’s stock valued at $344,070,000 after purchasing an additional 8,362 shares during the period. LPL Financial LLC lifted its stake in shares of Choice Hotels International by 10.3% in the fourth quarter. LPL Financial LLC now owns 27,638 shares of the company’s stock worth $3,924,000 after buying an additional 2,571 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Choice Hotels International during the 4th quarter worth $1,122,000. Finally, American Century Companies Inc. grew its stake in Choice Hotels International by 1.9% in the 4th quarter. American Century Companies Inc. now owns 13,228 shares of the company’s stock valued at $1,878,000 after buying an additional 242 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

NYSE:CHH opened at $131.35 on Monday. The company has a market capitalization of $6.14 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 1.90 and a beta of 1.25. The company has a 50-day moving average of $142.97 and a 200-day moving average of $140.94. Choice Hotels International, Inc. has a 52 week low of $109.22 and a 52 week high of $157.86.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share 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%. Sell-side analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.88%. Choice Hotels International’s dividend payout ratio is presently 18.46%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a research report on Friday, February 21st. 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. StockNews.com lowered Choice Hotels International from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Morgan Stanley upped their price target on Choice Hotels International from $131.00 to $139.00 and gave the stock an “underweight” rating in a report on Tuesday, March 4th. Finally, Bank of America boosted their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.62.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the firm’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 transaction of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is owned by 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.