Choice Hotels International, Inc. (NYSE:CHH) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 51.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 266,950 shares of the company’s stock after buying an additional 90,765 shares during the period. Envestnet Asset Management Inc. owned about 0.55% of Choice Hotels International worth $31,767,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CHH. Principal Securities Inc. bought a new stake in Choice Hotels International during the fourth quarter worth approximately $48,000. Dimensional Fund Advisors LP boosted its holdings in Choice Hotels International by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock worth $70,396,000 after buying an additional 62,174 shares in the last quarter. Boulder Hill Capital Management LP bought a new stake in Choice Hotels International during the fourth quarter worth approximately $2,504,000. Armistice Capital LLC bought a new stake in Choice Hotels International during the fourth quarter worth approximately $4,119,000. Finally, Pinebridge Investments L.P. bought a new stake in Choice Hotels International during the fourth quarter worth approximately $2,927,000. 65.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHH shares. Truist Financial decreased their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. UBS Group decreased their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Barclays decreased their price objective on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. The Goldman Sachs Group started coverage on shares of Choice Hotels International in a research note on Wednesday. They issued a “sell” rating and a $105.00 price objective for the company. Finally, StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $127.25.

Choice Hotels International Trading Down 0.6 %

Shares of NYSE:CHH opened at $129.98 on Friday. The firm has a fifty day moving average of $125.50 and a two-hundred day moving average of $121.57. The firm has a market capitalization of $6.26 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $134.44. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The company had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $1.75 EPS. On average, equities analysts expect that Choice Hotels International, Inc. will post 6.38 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 24.68%.

Insider Buying and Selling

In related news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the sale, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,401 shares of company stock worth $4,497,556. Corporate insiders own 24.02% of the company’s stock.

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.