Bleakley Financial Group LLC Purchases 110 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Bleakley Financial Group LLC boosted its position in Choice Hotels International, Inc. (NYSE:CHH) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,112 shares of the company’s stock after purchasing an additional 110 shares during the quarter. Bleakley Financial Group LLC’s holdings in Choice Hotels International were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Choice Hotels International by 81.4% during the third quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 179 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Choice Hotels International during the third quarter worth about $55,000. Quarry LP purchased a new stake in shares of Choice Hotels International during the third quarter worth about $63,000. Eagle Bay Advisors LLC grew its stake in shares of Choice Hotels International by 12.9% during the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock worth $110,000 after acquiring an additional 96 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Choice Hotels International during the fourth quarter worth about $125,000. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Price Performance

Shares of CHH stock opened at $151.24 on Wednesday. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.96 and a beta of 1.23. The stock has a 50 day simple moving average of $144.77 and a 200-day simple moving average of $137.35. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $156.25.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, January 2nd. Choice Hotels International’s payout ratio is 22.03%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CHH. Truist Financial boosted their price target on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Jefferies Financial Group upped their target price on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Barclays upped their target price on Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft upped their target price on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company upped their target price on Choice Hotels International from $133.00 to $138.00 and gave the company an “underweight” rating in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Choice Hotels International has an average rating of “Hold” and a consensus target price of $136.33.

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.