New York State Teachers Retirement System Has $1.35 Million Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

New York State Teachers Retirement System reduced its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 1.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,340 shares of the company’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System’s holdings in Choice Hotels International were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CHH. Allspring Global Investments Holdings LLC grew its holdings in shares of Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after buying an additional 117 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares in the last quarter. Covestor Ltd lifted its position in shares of Choice Hotels International by 163.2% during the first quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Tortoise Investment Management LLC lifted its position in shares of Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after purchasing an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Choice Hotels International by 1,146.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock valued at $47,000 after purchasing an additional 367 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Barclays raised their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a research report on Tuesday, November 5th. Truist Financial dropped their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lowered shares of Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target on the stock. in a research report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and a consensus target price of $128.78.

Insider Activity

In other news, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the sale, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Dominic Dragisich sold 9,138 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 68,509 shares of the company’s stock, valued at approximately $9,240,493.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 64,245 shares of company stock valued at $8,746,500 over the last quarter. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Performance

Shares of CHH stock opened at $144.91 on Friday. The firm’s 50-day simple moving average is $132.45 and its two-hundred day simple moving average is $124.68. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $149.75. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99 and a current ratio of 0.71. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 2.21 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the previous year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities analysts forecast that Choice Hotels International, Inc. will post 6.78 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

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.