Sei Investments Co. Purchases 7,842 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Sei Investments Co. lifted its position in Choice Hotels International, Inc. (NYSE:CHH) by 35.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,201 shares of the company’s stock after purchasing an additional 7,842 shares during the quarter. Sei Investments Co.’s holdings in Choice Hotels International were worth $3,594,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CHH. State Board of Administration of Florida Retirement System boosted its position in Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after buying an additional 5,156 shares during the period. Occudo Quantitative Strategies LP boosted its position in Choice Hotels International by 136.6% during the fourth quarter. Occudo Quantitative Strategies LP now owns 48,299 shares of the company’s stock valued at $5,472,000 after buying an additional 27,885 shares during the period. Congress Asset Management Co. MA boosted its holdings in shares of Choice Hotels International by 29.8% during the first quarter. Congress Asset Management Co. MA now owns 50,479 shares of the company’s stock worth $6,378,000 after purchasing an additional 11,581 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Choice Hotels International by 62.8% during the first quarter. BNP Paribas Financial Markets now owns 21,990 shares of the company’s stock worth $2,778,000 after purchasing an additional 8,485 shares during the period. Finally, Twin Tree Management LP purchased a new stake in shares of Choice Hotels International during the first quarter worth about $6,248,000. Institutional investors own 65.57% of the company’s stock.

Insider Transactions at Choice Hotels International

In other news, insider Patrick Cimerola sold 13,259 shares of Choice Hotels International stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the sale, the insider now owns 23,461 shares in the company, valued at $2,934,501.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Patrick Cimerola sold 13,259 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the sale, the insider now directly owns 23,461 shares of the company’s stock, valued at approximately $2,934,501.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. The disclosure for this sale can be found here. Insiders have sold 44,241 shares of company stock worth $5,517,383 in the last 90 days. 24.02% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CHH. Susquehanna began coverage on shares of Choice Hotels International in a report on Friday, June 21st. They set a “neutral” rating and a $125.00 target price for the company. Truist Financial dropped their target price 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. UBS Group lowered their price objective on shares of Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating for the company in a report on Friday, August 9th. StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. Finally, Robert W. Baird lowered their price objective on shares of Choice Hotels International from $137.00 to $134.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $125.64.

Choice Hotels International Trading Up 1.2 %

Shares of CHH stock opened at $131.16 on Thursday. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $134.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75. The firm’s 50 day moving average is $126.12 and its 200 day moving average is $122.12. The stock has a market capitalization of $6.32 billion, a P/E ratio of 28.15, a P/E/G ratio of 2.17 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Thursday, August 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.02). The company had revenue of $435.20 million during the quarter, compared to analysts’ expectations of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.75 EPS. Research analysts expect that Choice Hotels International, Inc. will post 6.38 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio is presently 24.68%.

Choice Hotels International 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.