Fenimore Asset Management Inc Sells 583 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Fenimore Asset Management Inc trimmed its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,525 shares of the company’s stock after selling 583 shares during the quarter. Fenimore Asset Management Inc’s holdings in Choice Hotels International were worth $25,063,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CHH. SG Americas Securities LLC acquired a new stake in Choice Hotels International in the 4th quarter valued at $125,000. Genesis Private Wealth LLC bought a new position in shares of Choice Hotels International during the fourth quarter valued at $262,000. Ironwood Financial llc acquired a new stake in shares of Choice Hotels International in the 4th quarter valued at $216,000. Diversify Wealth Management LLC increased its position in shares of Choice Hotels International by 38.3% during the 4th quarter. Diversify Wealth Management LLC now owns 3,300 shares of the company’s stock worth $465,000 after purchasing an additional 914 shares in the last quarter. Finally, Trust Co. of Vermont lifted its holdings in Choice Hotels International by 34.0% during the 4th quarter. Trust Co. of Vermont now owns 1,045 shares of the company’s stock valued at $148,000 after purchasing an additional 265 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Insider Transactions at Choice Hotels International

In other news, CEO Patrick Pacious sold 7,192 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $58,656,336.70. This represents a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 24.02% of the stock is owned by corporate insiders.

Choice Hotels International Stock Up 0.1 %

Shares of CHH stock opened at $145.87 on Friday. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 2.22 and a beta of 1.24. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $153.81. The stock has a 50-day moving average price of $144.63 and a 200 day moving average price of $135.19.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. Sell-side analysts predict that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is currently 22.03%.

Analysts Set New Price Targets

Several analysts have weighed in on CHH shares. StockNews.com raised shares of Choice Hotels International from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Barclays increased their price target on Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Truist Financial lifted their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft increased their target price on Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Tuesday, November 5th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $129.00 price target (down from $145.00) on shares of Choice Hotels International in a report on Tuesday, January 14th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.