Norden Group LLC Has $7.03 Million Position in Choice Hotels International, Inc. (NYSE:CHH)

Norden Group LLC boosted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 2,171.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,664 shares of the company’s stock after buying an additional 53,213 shares during the period. Norden Group LLC owned approximately 0.11% of Choice Hotels International worth $7,033,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Boulder Hill Capital Management LP acquired a new position in Choice Hotels International in the fourth quarter valued at approximately $2,504,000. Dimensional Fund Advisors LP lifted its holdings in Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock valued at $70,396,000 after buying an additional 62,174 shares during the period. Occudo Quantitative Strategies LP lifted its holdings in Choice Hotels International by 136.6% in the fourth quarter. Occudo Quantitative Strategies LP now owns 48,299 shares of the company’s stock valued at $5,472,000 after buying an additional 27,885 shares during the period. Congress Asset Management Co. MA lifted its holdings in Choice Hotels International by 29.8% in the first quarter. Congress Asset Management Co. MA now owns 50,479 shares of the company’s stock valued at $6,378,000 after buying an additional 11,581 shares during the period. Finally, Virtu Financial LLC acquired a new position in Choice Hotels International in the fourth quarter valued at approximately $1,072,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Susquehanna assumed coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They issued a “neutral” rating and a $125.00 target price for the company. Barclays lowered their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research note on Friday, April 19th. Truist Financial lowered their target price on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Jefferies Financial Group raised shares of Choice Hotels International from an “underperform” rating to a “buy” rating and upped their target price for the company from $96.00 to $156.00 in a research note on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and an average price target of $129.09.

Insider Activity at Choice Hotels International

In related news, insider Robert J. Mcdowell sold 1,243 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total value of $146,151.94. Following the completion of the transaction, the insider now owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 24.02% of the stock is owned by insiders.

Choice Hotels International Stock Down 0.5 %

Shares of CHH stock opened at $117.65 on Friday. The firm has a fifty day moving average of $116.89 and a 200-day moving average of $118.27. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $136.02. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 2.03 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.13. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The company had revenue of $331.90 million during the quarter, compared to the consensus estimate of $343.04 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts predict that Choice Hotels International, Inc. will post 6.44 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

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.