M&T Bank Corp acquired a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH – Free Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 5,292 shares of the company’s stock, valued at approximately $504,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new position in Choice Hotels International during the fourth quarter valued at $28,000. Quarry LP purchased a new position in Choice Hotels International during the third quarter valued at $38,000. Bayforest Capital Ltd purchased a new position in Choice Hotels International during the fourth quarter valued at $42,000. Signaturefd LLC lifted its holdings in Choice Hotels International by 82.2% during the fourth quarter. Signaturefd LLC now owns 523 shares of the company’s stock valued at $50,000 after purchasing an additional 236 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Choice Hotels International during the third quarter valued at $57,000. 65.57% of the stock is owned by hedge funds and other institutional investors.
Choice Hotels International Stock Performance
Shares of Choice Hotels International stock opened at $105.49 on Wednesday. Choice Hotels International, Inc. has a one year low of $84.04 and a one year high of $136.45. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.91 and a beta of 0.65. The company has a debt-to-equity ratio of 14.58, a quick ratio of 0.95 and a current ratio of 0.95. The business’s 50 day moving average price is $106.53 and its 200 day moving average price is $101.67.
Choice Hotels International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 1.1%. Choice Hotels International’s payout ratio is 15.50%.
Insider Buying and Selling
In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,603 shares of Choice Hotels International stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $100.00, for a total transaction of $160,300.00. Following the transaction, the chief financial officer directly owned 37,172 shares of the company’s stock, valued at $3,717,200. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 24.02% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CHH. Truist Financial raised their target price on Choice Hotels International from $126.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Barclays decreased their target price on Choice Hotels International from $112.00 to $100.00 and set an “underweight” rating on the stock in a research report on Thursday, April 30th. Susquehanna decreased their target price on Choice Hotels International from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Robert W. Baird set a $128.00 target price on Choice Hotels International in a research report on Monday. Finally, The Goldman Sachs Group raised their target price on Choice Hotels International from $90.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $111.75.
Check Out Our Latest Stock Report on Choice Hotels International
Choice Hotels International Profile
Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.
Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.
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