Sei Investments Co. Trims Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Sei Investments Co. decreased its stake in Choice Hotels International, Inc. (NYSE:CHH) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,784 shares of the company’s stock after selling 2,977 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Choice Hotels International worth $3,803,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 period. TD Private Client Wealth LLC boosted its position in Choice Hotels International by 30.1% during the third 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Choice Hotels International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company’s stock valued at $39,634,000 after purchasing an additional 2,725 shares during the period. Twelve Points Wealth Management LLC purchased a new position in shares of Choice Hotels International during the 4th quarter valued at approximately $879,000. Finally, OFI Invest Asset Management acquired a new stake in Choice Hotels International in the 4th quarter valued at $2,258,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Choice Hotels International Stock Up 1.0 %

NYSE:CHH opened at $134.02 on Thursday. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. Choice Hotels International, Inc. has a 52 week low of $109.22 and a 52 week high of $157.86. The stock’s fifty day moving average is $142.33 and its two-hundred day moving average is $141.01.

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. The firm had revenue of $389.77 million during the quarter, compared to analysts’ expectations 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 expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is presently 18.46%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Robert W. Baird boosted their price target on Choice Hotels International from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Truist Financial raised their target price on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a research note on Friday, March 21st. Morgan Stanley increased their price target on Choice Hotels International from $131.00 to $139.00 and gave the company an “underweight” rating in a report on Tuesday, March 4th. Bank of America boosted their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Redburn Atlantic upgraded shares of Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 price objective for the company in a research report on Monday, March 24th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $140.62.

Insiders Place Their Bets

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. The trade was a 5.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now directly owns 68,913 shares in the company, valued at $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 currently owned by company insiders.

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.