Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 836.2% in the 4th quarter, HoldingsChannel reports. The fund owned 440 shares of the company’s stock after acquiring an additional 393 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Choice Hotels International were worth $62,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its holdings in Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after acquiring an additional 4,219 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Choice Hotels International by 30.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after acquiring an additional 3,446 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Choice Hotels International in the 3rd quarter valued at $19,545,000. Twelve Points Wealth Management LLC acquired a new stake in shares of Choice Hotels International during the 4th quarter worth $879,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Choice Hotels International during the 4th quarter worth $2,258,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Trading Down 1.3 %

Shares of NYSE CHH opened at $130.63 on Wednesday. The stock has a fifty day moving average price of $144.53 and a 200 day moving average price of $140.50. The company has a market cap of $6.10 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.90 and a beta of 1.25. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $389.77 million during the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. On average, sell-side analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be given a $0.2875 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. Choice Hotels International’s payout ratio is currently 18.46%.

Insider Transactions at Choice Hotels International

In other news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares of the company’s stock, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at $4,622,821.60. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CHH. Jefferies Financial Group upped their price objective on Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley upped their price objective on Choice Hotels International from $131.00 to $139.00 and gave the stock an “underweight” rating in a report on Tuesday, March 4th. Barclays upped their price objective on Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Truist Financial upped their price objective on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Finally, Wells Fargo & Company lowered their price target on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating for the company in a report on Tuesday, March 4th. Five 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $140.67.

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.