Edgestream Partners L.P. Reduces Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Edgestream Partners L.P. decreased its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,116 shares of the company’s stock after selling 1,639 shares during the period. Edgestream Partners L.P. owned 0.06% of Choice Hotels International worth $3,992,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its holdings in Choice Hotels International by 33.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after purchasing an additional 4,219 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after purchasing an additional 3,446 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Choice Hotels International during the 3rd quarter worth about $19,545,000. Twelve Points Wealth Management LLC purchased a new stake in Choice Hotels International during the 4th quarter worth about $879,000. Finally, Congress Asset Management Co. lifted its holdings in Choice Hotels International by 17.3% during the 4th quarter. Congress Asset Management Co. now owns 82,131 shares of the company’s stock worth $11,661,000 after purchasing an additional 12,128 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Susquehanna raised their price target on Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Truist Financial raised 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. Wells Fargo & Company lowered their price target on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating on the stock in a report on Tuesday, March 4th. Morgan Stanley raised their price target on Choice Hotels International from $131.00 to $139.00 and gave the company an “underweight” rating in a report on Tuesday, March 4th. Finally, The Goldman Sachs Group raised their price target on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $140.67.

Choice Hotels International Price Performance

CHH opened at $145.04 on Friday. The stock’s 50 day simple moving average is $145.78 and its 200 day simple moving average is $140.10. Choice Hotels International, Inc. has a 1 year low of $109.22 and a 1 year high of $157.86. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The business had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. As a group, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.79%. Choice Hotels International’s payout ratio is 18.46%.

Insider Buying and Selling

In other news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is owned by corporate insiders.

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.