Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,965 shares of the company’s stock after selling 391 shares during the quarter. Corient Private Wealth LLC’s holdings in Choice Hotels International were worth $1,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHH. Raymond James Financial Inc. acquired a new position in shares of Choice Hotels International in the 4th quarter worth approximately $48,201,000. Erste Asset Management GmbH acquired a new position in Choice Hotels International in the third quarter worth approximately $19,545,000. JPMorgan Chase & Co. increased its holdings in shares of Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock valued at $52,419,000 after buying an additional 111,903 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Choice Hotels International by 31.4% during 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. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Choice Hotels International during the 3rd quarter worth $2,691,000. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $131.55 on Tuesday. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The business’s 50-day moving average price is $143.70 and its two-hundred day moving average price is $140.63. The company has a market capitalization of $6.15 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $389.77 million during the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. On average, equities 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. Investors of record on Tuesday, April 1st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is presently 18.46%.

Analyst Ratings Changes

CHH has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Robert W. Baird raised their target price on shares of Choice Hotels International from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Susquehanna boosted their price target on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Jefferies Financial Group raised their price objective on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Finally, Redburn Atlantic upgraded shares of Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 price objective on the stock in a research report on Monday. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $140.62.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the 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 transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 32,014 shares of the company’s stock, valued at $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Company 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.