Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,649 shares of the company’s stock after selling 226 shares during the quarter. US Bancorp DE’s holdings in Choice Hotels International were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Eagle Bay Advisors LLC raised its holdings in shares of Choice Hotels International by 12.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock worth $110,000 after purchasing an additional 96 shares in the last quarter. AGF Management Ltd. increased its holdings in shares of Choice Hotels International by 0.5% in the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after buying an additional 101 shares in the last quarter. Aurora Investment Managers LLC. lifted its position in shares of Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock valued at $1,624,000 after acquiring an additional 113 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after acquiring an additional 117 shares in the last quarter. Finally, MJP Associates Inc. ADV grew its holdings in shares of Choice Hotels International by 7.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock worth $219,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Insider Activity at Choice Hotels International

In related news, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the transaction, the executive vice president now owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the completion of the sale, the executive vice president now owns 68,509 shares of the company’s stock, valued at $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. 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 64,245 shares of company stock valued at $8,746,500. 24.02% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on CHH. Susquehanna upped their target price on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday. UBS Group reduced 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. The Goldman Sachs Group lifted their target price on shares of Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Barclays upped their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average price target of $128.78.

Choice Hotels International Stock Up 0.6 %

Choice Hotels International stock opened at $144.91 on Friday. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $149.75. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.71. The firm has a market cap of $6.80 billion, a PE ratio of 27.76, a P/E/G ratio of 2.21 and a beta of 1.24. The firm’s 50 day moving average price is $132.45 and its two-hundred day moving average price is $124.68.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. Choice Hotels International’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. On average, research analysts predict that Choice Hotels International, Inc. will post 6.78 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio is 22.03%.

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.