Thrivent Financial for Lutherans Sells 457 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Thrivent Financial for Lutherans cut its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,377 shares of the company’s stock after selling 457 shares during the period. Thrivent Financial for Lutherans’ holdings in Choice Hotels International were worth $701,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC boosted its stake in Choice Hotels International by 12.9% in the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after buying an additional 96 shares in the last quarter. AGF Management Ltd. boosted its stake in shares of Choice Hotels International by 0.5% in the 2nd quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank grew its holdings in shares of Choice Hotels International by 4.7% during the 3rd quarter. Huntington National Bank now owns 2,267 shares of the company’s stock valued at $295,000 after purchasing an additional 101 shares during the last quarter. Aurora Investment Managers LLC. increased its position in Choice Hotels International by 0.9% during the 3rd quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock worth $1,624,000 after purchasing an additional 113 shares in the last quarter. Finally, MJP Associates Inc. ADV lifted its stake in Choice Hotels International by 7.4% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock valued at $219,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Stock Down 0.4 %

Choice Hotels International stock opened at $149.98 on Wednesday. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $153.81. The stock has a fifty day simple moving average of $139.64 and a two-hundred day simple moving average of $128.01. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 28.73, a PEG ratio of 2.38 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. Equities analysts predict that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Buying and Selling at Choice Hotels International

In other news, SVP Simone Wu sold 7,840 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now directly owns 45,669 shares in the company, valued at $5,940,623.52. This represents a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick Pacious sold 10,025 shares of Choice Hotels International stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total value of $1,206,709.25. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. This trade represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,437 shares of company stock worth $9,788,980. Insiders own 24.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Truist Financial dropped their price objective on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Jefferies Financial Group lowered shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a report on Wednesday, November 6th. Finally, 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 note on Tuesday, November 5th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $130.00.

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.