Janus Henderson Group PLC Sells 4,200 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Janus Henderson Group PLC cut its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 26.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,677 shares of the company’s stock after selling 4,200 shares during the period. Janus Henderson Group PLC’s holdings in Choice Hotels International were worth $1,522,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHH. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Choice Hotels International by 77.2% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company’s stock worth $488,590,000 after purchasing an additional 1,788,563 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Choice Hotels International by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company’s stock worth $80,340,000 after buying an additional 26,289 shares in the last quarter. Raymond James & Associates boosted its position in Choice Hotels International by 45.4% in the 3rd quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after buying an additional 113,951 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock valued at $31,767,000 after buying an additional 90,765 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of Choice Hotels International by 917.2% during the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock worth $19,254,000 after acquiring an additional 145,893 shares during the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Choice Hotels International Stock Performance

Shares of Choice Hotels International stock opened at $146.52 on Friday. The stock’s fifty day simple moving average is $142.50 and its 200 day simple moving average is $129.74. 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 company has a market capitalization of $6.87 billion, a PE ratio of 28.07, a PEG ratio of 2.30 and a beta of 1.23. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $153.81.

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

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International’s dividend payout ratio is 22.03%.

Insider Buying and Selling

In related news, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the sale, the insider now owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. This trade represents a 8.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at $58,656,336.70. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 61,412 shares of company stock worth $8,582,271 over the last ninety days. Company insiders own 24.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHH. The Goldman Sachs Group lifted their price objective on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research report on Tuesday. Barclays boosted their price target on shares of Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, Truist Financial increased their price target 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. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Choice Hotels International presently has an average rating of “Hold” and an average price target of $134.18.

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.