Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 18.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,502 shares of the company’s stock after selling 4,089 shares during the quarter. Edgestream Partners L.P.’s holdings in Choice Hotels International were worth $2,083,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Choice Hotels International by 7.7% in 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 during the period. Boston Trust Walden Corp lifted its holdings in shares of Choice Hotels International by 0.9% in the 2nd quarter. Boston Trust Walden Corp now owns 941,560 shares of the company’s stock valued at $112,046,000 after buying an additional 8,033 shares during the period. Balyasny Asset Management L.P. lifted its holdings 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 valued at $106,402,000 after buying an additional 554,479 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Choice Hotels International by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock valued at $80,340,000 after buying an additional 26,289 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Choice Hotels International by 51.5% in the 2nd 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 period. 65.57% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction on 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 completion of the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the sale, the insider now owns 23,461 shares of the company’s stock, valued at $2,934,501.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were 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 directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The disclosure for this sale can be found here. Insiders sold a total of 36,401 shares of company stock valued at $4,497,556 over the last quarter. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Performance

NYSE CHH opened at $130.70 on Friday. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $134.44. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The business has a fifty day moving average of $125.35 and a 200-day moving average of $121.50. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The business had revenue of $435.20 million during 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%. Choice Hotels International’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.75 EPS. As a group, analysts predict that Choice Hotels International, Inc. will post 6.38 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is currently 24.68%.

Wall Street Analysts Forecast Growth

CHH has been the subject of several research reports. Truist Financial reduced their price objective on 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 cut Choice Hotels International from a “hold” rating to a “sell” rating in a report on Thursday. JPMorgan Chase & Co. cut Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price objective for the company. in a report on Friday, July 19th. The Goldman Sachs Group initiated coverage on Choice Hotels International in a report on Wednesday. They set a “sell” rating and a $105.00 price objective for the company. Finally, Robert W. Baird reduced their price objective on Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $127.25.

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.