Choice Hotels International, Inc. (NYSE:CHH) Shares Acquired by Norden Group LLC

Norden Group LLC lifted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 41.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,464 shares of the company’s stock after buying an additional 1,013 shares during the quarter. Norden Group LLC’s holdings in Choice Hotels International were worth $438,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CHH. Allspring Global Investments Holdings LLC raised its holdings in Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Vima LLC purchased a new position in Choice Hotels International during the fourth quarter worth about $36,000. Wetzel Investment Advisors Inc. purchased a new position in Choice Hotels International during the fourth quarter worth about $45,000. Principal Securities Inc. purchased a new position in Choice Hotels International during the fourth quarter worth about $48,000. Finally, Eagle Bay Advisors LLC raised its holdings in Choice Hotels International by 105.8% during the fourth quarter. Eagle Bay Advisors LLC now owns 885 shares of the company’s stock worth $100,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Wall Street Analyst Weigh In

CHH has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Susquehanna initiated coverage on shares of Choice Hotels International in a report on Friday, June 21st. They issued a “neutral” rating and a $125.00 target price for the company. Barclays dropped their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Finally, Truist Financial dropped their target price on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $129.09.

Insider Buying and Selling

In related news, insider Robert J. Mcdowell sold 1,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total transaction of $146,151.94. Following the sale, the insider now owns 38,502 shares in the company, valued at $4,527,065.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 24.02% of the stock is owned by company insiders.

Choice Hotels International Trading Up 1.6 %

Shares of CHH opened at $123.15 on Friday. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a 50 day simple moving average of $116.95 and a 200-day simple moving average of $118.51. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $136.02. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.13. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The business had revenue of $331.90 million during the quarter, compared to analysts’ expectations of $343.04 million. During the same period last year, the company posted $1.12 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities analysts forecast that Choice Hotels International, Inc. will post 6.44 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be given a dividend of $0.2875 per share. The ex-dividend date is Monday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.93%. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

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.