Thrive Wealth Management LLC Purchases New Position in Choice Hotels International, Inc. (NYSE:CHH)

Thrive Wealth Management LLC acquired a new position in Choice Hotels International, Inc. (NYSE:CHH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,859 shares of the company’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHH. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Choice Hotels International by 77.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Choice Hotels International by 144.2% in the 4th quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock worth $106,402,000 after buying an additional 554,479 shares during the last quarter. Vanguard Group Inc. increased its position in Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after buying an additional 195,956 shares in the last quarter. Natixis Advisors LLC raised its stake in Choice Hotels International by 917.2% during the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after buying an additional 145,893 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Choice Hotels International by 51.5% during the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after buying an additional 90,765 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Stock Performance

NYSE CHH traded up $2.43 on Friday, hitting $132.16. 222,062 shares of the company traded hands, compared to its average volume of 497,916. The business’s 50 day moving average price is $126.27 and its 200-day moving average price is $122.20. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $134.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 2.17 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.84 earnings per share 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 analysts’ expectations 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 firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 earnings per share. Equities analysts expect that Choice Hotels International, Inc. will post 6.38 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 0.87%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 24.68%.

Analysts Set New Price Targets

CHH has been the topic of several recent analyst reports. Barclays cut their price objective on shares of Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Susquehanna initiated coverage on shares of Choice Hotels International in a report on Friday, June 21st. They set a “neutral” rating and a $125.00 price target on the stock. 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 report on Wednesday, September 4th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, The Goldman Sachs Group initiated coverage on Choice Hotels International in a report on Wednesday, September 18th. They issued a “sell” rating and a $105.00 target price for the company. Three equities 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, the company currently has a consensus rating of “Hold” and an average price target of $125.64.

Insiders Place Their Bets

In related news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the completion of the sale, the executive vice president now owns 69,171 shares in the company, valued at approximately $8,608,330.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Choice Hotels International news, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the transaction, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,241 shares of company stock worth $5,517,383. Corporate 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.