Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,200 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Choice Hotels International were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHH. Creative Planning boosted its stake in shares of Choice Hotels International by 28.1% in the third quarter. Creative Planning now owns 2,443 shares of the company’s stock worth $318,000 after acquiring an additional 536 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Choice Hotels International in the third quarter worth approximately $261,000. Blue Trust Inc. boosted its stake in shares of Choice Hotels International by 81.4% in 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. Raymond James & Associates boosted its stake in shares of Choice Hotels International by 45.4% in the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock worth $47,557,000 after acquiring an additional 113,951 shares during the last quarter. Finally, OLD National Bancorp IN boosted its stake in shares of Choice Hotels International by 38.5% in the third quarter. OLD National Bancorp IN now owns 3,821 shares of the company’s stock worth $498,000 after acquiring an additional 1,062 shares during the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CHH shares. Robert W. Baird boosted their price objective on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Bank of America boosted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Truist Financial lifted their target price on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Susquehanna lifted their target price on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $129.00 price objective (down previously from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $136.33.

Choice Hotels International Stock Performance

NYSE:CHH opened at $146.06 on Tuesday. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.96 and a beta of 1.23. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $156.25. The stock has a 50-day simple moving average of $144.77 and a 200 day simple moving average of $137.89.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. Choice Hotels International’s payout ratio is currently 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.