Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Thrive Wealth Management LLC

Thrive Wealth Management LLC decreased its position in Choice Hotels International, Inc. (NYSE:CHH) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,714 shares of the company’s stock after selling 145 shares during the period. Thrive Wealth Management LLC’s holdings in Choice Hotels International were worth $243,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Erste Asset Management GmbH acquired a new stake in shares of Choice Hotels International during the third quarter valued at $19,545,000. Raymond James & Associates boosted its stake in shares of Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company’s stock valued at $47,557,000 after acquiring an additional 113,951 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $52,419,000 after acquiring an additional 111,903 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Choice Hotels International by 31.4% during the third quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock valued at $18,735,000 after acquiring an additional 34,396 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Choice Hotels International during the third quarter valued at $42,280,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Price Performance

CHH opened at $141.82 on Monday. The business’s 50-day moving average price is $144.67 and its two-hundred day moving average price is $134.49. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $153.81. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.12 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last released its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The business had revenue of $428.00 million for 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 quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 earnings per share. Sell-side analysts anticipate that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Thursday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

Insider Activity at Choice Hotels International

In related news, CEO Patrick Pacious sold 7,192 shares of the stock in a transaction on Friday, November 8th. The stock was 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 directly owns 404,666 shares in the company, valued at $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CHH has been the topic of a number of analyst reports. Wells Fargo & Company assumed coverage on Choice Hotels International in a research note on Thursday, December 5th. They set an “underweight” rating and a $133.00 price objective on the stock. Susquehanna boosted their price target on Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research 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. Finally, Truist Financial boosted their price target on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $133.27.

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.