State of New Jersey Common Pension Fund D Sells 8,055 Shares of Choice Hotels International, Inc. (NYSE:CHH)

State of New Jersey Common Pension Fund D lowered its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 32.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,826 shares of the company’s stock after selling 8,055 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Choice Hotels International were worth $2,002,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Principal Securities Inc. purchased a new position in Choice Hotels International during the 4th quarter valued at about $48,000. Dimensional Fund Advisors LP lifted its holdings in shares of Choice Hotels International by 11.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock valued at $70,396,000 after purchasing an additional 62,174 shares during the last quarter. Boulder Hill Capital Management LP bought a new stake in shares of Choice Hotels International in the 4th quarter worth approximately $2,504,000. Armistice Capital LLC bought a new stake in shares of Choice Hotels International in the 4th quarter worth approximately $4,119,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Choice Hotels International in the 4th quarter worth approximately $2,927,000. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Trading Down 0.6 %

Shares of CHH stock opened at $129.98 on Friday. The stock has a fifty day simple moving average of $125.50 and a two-hundred day simple moving average of $121.57. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $134.44. The firm has a market capitalization of $6.26 billion, a PE ratio of 27.89, a PEG ratio of 2.01 and a beta of 1.25. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.99.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a net margin of 15.42% and a negative return on equity of 3,953.67%. The business had revenue of $435.20 million for the quarter, compared to the consensus estimate of $438.29 million. During the same period last year, the business posted $1.75 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts predict that Choice Hotels International, Inc. will post 6.38 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays cut their target price on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Susquehanna began coverage on Choice Hotels International in a report on Friday, June 21st. They issued a “neutral” rating and a $125.00 price objective for the company. Truist Financial dropped their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. StockNews.com cut shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, UBS Group cut their target price on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $127.25.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the completion of the transaction, the insider now owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Patrick Cimerola sold 13,259 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 23,461 shares in the company, valued at approximately $2,934,501.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at $48,709,646.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,401 shares of company stock valued at $4,497,556. Corporate insiders own 24.02% of the company’s stock.

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.