Bleakley Financial Group LLC Invests $261,000 in Choice Hotels International, Inc. (NYSE:CHH)

Bleakley Financial Group LLC bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) during the third quarter, Holdings Channel.com reports. The fund bought 2,002 shares of the company’s stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHH. Allspring Global Investments Holdings LLC grew its position in Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. Blue Trust Inc. grew its position in Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after purchasing an additional 166 shares during the last quarter. Covestor Ltd grew its position in Choice Hotels International by 163.2% during the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after purchasing an additional 142 shares during the last quarter. Tortoise Investment Management LLC grew its position in Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after purchasing an additional 141 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Choice Hotels International by 1,146.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after purchasing an additional 367 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 price target for the company. in a report on Friday, July 19th. StockNews.com raised Choice Hotels International from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Robert W. Baird set a $138.00 price target on Choice Hotels International in a report on Thursday, October 17th. Barclays decreased their price target on Choice Hotels International from $114.00 to $112.00 and set an “underweight” rating for the company in a report on Friday, August 9th. Finally, Truist Financial cut their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $125.50.

Choice Hotels International Trading Down 3.1 %

Shares of CHH opened at $131.93 on Thursday. 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 $128.39 and its two-hundred day moving average is $122.86. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $136.83. The firm has a market capitalization of $6.35 billion, a P/E ratio of 28.31, a PEG ratio of 2.20 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 for the quarter, missing the consensus estimate of $1.86 by ($0.02). Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Choice Hotels International, Inc. will post 6.38 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a $0.2875 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.87%. Choice Hotels International’s dividend payout ratio is presently 24.68%.

Insider Buying and Selling

In related news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $48,709,646.42. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 value of $1,019,827.20. Following the completion of the transaction, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at $5,940,623.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total value of $1,206,709.25. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 37,429 shares of company stock worth $4,866,493 in the last three months. Corporate insiders own 24.02% of the company’s stock.

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.