Pacer Advisors Inc. Has $758,000 Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Pacer Advisors Inc. lifted its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,340 shares of the company’s stock after purchasing an additional 1,021 shares during the period. Pacer Advisors Inc.’s holdings in Choice Hotels International were worth $758,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHH. Sanctuary Advisors LLC raised its stake in shares of Choice Hotels International by 33.4% during the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after buying an additional 4,219 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Choice Hotels International by 30.1% in the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after purchasing an additional 3,446 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Choice Hotels International during the third quarter worth $19,545,000. JPMorgan Chase & Co. increased its position in shares of Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after acquiring an additional 111,903 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Choice Hotels International by 256.3% during the third quarter. BNP Paribas Financial Markets now owns 27,719 shares of the company’s stock worth $3,612,000 after acquiring an additional 19,939 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial increased their target price on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Barclays increased their price objective on shares of Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. Wells Fargo & Company initiated coverage on shares of Choice Hotels International in a research report on Thursday, December 5th. They issued an “underweight” rating and a $133.00 price objective on the stock. Jefferies Financial Group raised their price target on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Susquehanna raised their target price on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Choice Hotels International has a consensus rating of “Hold” and a consensus price target of $135.92.

Choice Hotels International Price Performance

NYSE:CHH opened at $149.07 on Tuesday. The firm’s 50 day simple moving average is $144.59 and its 200 day simple moving average is $136.24. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $153.81. The company has a market cap of $6.99 billion, a PE ratio of 28.56, a P/E/G ratio of 1.84 and a beta of 1.24.

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

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.15 annualized dividend and a dividend yield of 0.77%. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Insider Activity

In other news, CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total value of $3,880,007.04. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at $58,551,123.54. The trade was a 6.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.