Rhumbline Advisers Cuts Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Rhumbline Advisers lessened its stake in Choice Hotels International, Inc. (NYSE:CHH) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,046 shares of the company’s stock after selling 3,699 shares during the period. Rhumbline Advisers owned about 0.15% of Choice Hotels International worth $10,087,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Choice Hotels International by 81.4% in the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock worth $47,000 after purchasing an additional 179 shares during the period. Anchor Investment Management LLC bought a new position in shares of Choice Hotels International in the third quarter worth approximately $55,000. Quarry LP purchased a new position in shares of Choice Hotels International in the third quarter worth $63,000. SG Americas Securities LLC bought a new stake in Choice Hotels International during the 4th quarter valued at $125,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in Choice Hotels International during the 4th quarter valued at $143,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on CHH shares. The Goldman Sachs Group boosted their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised their target price on Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Susquehanna upped their price target 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. Wells Fargo & Company lifted their price objective on Choice Hotels International from $133.00 to $138.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 4th. Finally, Truist Financial boosted their target price on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $136.58.

Choice Hotels International Trading Down 0.2 %

Shares of CHH stock opened at $150.18 on Tuesday. The company’s fifty day moving average price is $145.20 and its 200-day moving average price is $138.78. The stock has a market cap of $7.05 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. On average, sell-side analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were given a $0.2875 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.77%. Choice Hotels International’s dividend payout ratio is currently 18.46%.

About Choice Hotels International

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.