Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in Choice Hotels International, Inc. (NYSE:CHH) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,377 shares of the company’s stock after selling 457 shares during the period. Thrivent Financial for Lutherans’ holdings in Choice Hotels International were worth $701,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after buying an additional 166 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after purchasing an additional 141 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after purchasing an additional 367 shares during the period. Hantz Financial Services Inc. bought a new stake in Choice Hotels International during the second quarter valued at $56,000. Finally, Quest Partners LLC acquired a new stake in shares of Choice Hotels International during the second quarter worth $69,000. 65.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CHH. Jefferies Financial Group downgraded Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price objective for the company. in a research note on Wednesday, November 6th. Truist Financial lowered their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. The Goldman Sachs Group lifted their price objective on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Robert W. Baird upped their target price on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, UBS Group dropped their price target on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $130.00.

Choice Hotels International Trading Down 0.4 %

CHH opened at $149.98 on Wednesday. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $153.81. The firm has a 50-day moving average price of $139.64 and a two-hundred day moving average price of $128.01. The stock has a market capitalization of $7.04 billion, a PE ratio of 28.73, a PEG ratio of 2.38 and a beta of 1.23. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. During the same period last year, the company earned $1.82 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.77%. Choice Hotels International’s payout ratio is 22.03%.

Insiders Place Their Bets

In related news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total transaction of $231,390.00. Following the transaction, the insider now directly owns 18,084 shares in the company, valued at approximately $2,441,340. The trade was a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 9,138 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This trade represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,437 shares of company stock worth $9,788,980 over the last ninety days. 24.02% of the stock is currently owned by corporate insiders.

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.