Mutual of America Capital Management LLC Sells 449 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Mutual of America Capital Management LLC decreased its stake in Choice Hotels International, Inc. (NYSE:CHH) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,801 shares of the company’s stock after selling 449 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Choice Hotels International were worth $1,676,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its stake in shares of Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after purchasing an additional 4,219 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after purchasing an additional 3,446 shares during the period. Erste Asset Management GmbH purchased a new position in Choice Hotels International during the 3rd quarter worth $19,545,000. Twelve Points Wealth Management LLC purchased a new position in Choice Hotels International during the 4th quarter worth $879,000. Finally, Congress Asset Management Co. increased its holdings in shares of Choice Hotels International by 17.3% in the 4th quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock valued at $11,661,000 after acquiring an additional 12,128 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Wall Street Analysts Forecast Growth

CHH has been the subject of a number of research reports. StockNews.com cut Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. increased their target price on Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Barclays increased their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a report on Friday, February 21st. Truist Financial raised their price target on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research report on Wednesday, December 4th. Finally, Susquehanna lifted their target price on Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Choice Hotels International currently has a consensus rating of “Hold” and a consensus price target of $140.67.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $145.04 on Friday. The business has a 50-day moving average of $145.78 and a two-hundred day moving average of $140.10. Choice Hotels International, Inc. has a 1 year low of $109.22 and a 1 year high of $157.86. The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The company had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. As a group, equities research analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is 18.46%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. The trade was a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. The trade was a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is owned by corporate insiders.

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.