3,436 Shares in Choice Hotels International, Inc. (NYSE:CHH) Acquired by Vestcor Inc

Vestcor Inc purchased a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,436 shares of the company’s stock, valued at approximately $488,000.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in Choice Hotels International during the 3rd quarter worth approximately $55,000. Tortoise Investment Management LLC raised its stake in shares of Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after purchasing an additional 154 shares during the last quarter. Quarry LP purchased a new stake in shares of Choice Hotels International in the third quarter worth approximately $63,000. Jones Financial Companies Lllp raised its stake in shares of Choice Hotels International by 165.5% in the fourth quarter. Jones Financial Companies Lllp now owns 600 shares of the company’s stock worth $85,000 after purchasing an additional 374 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Choice Hotels International in the fourth quarter worth approximately $125,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CHH shares. Susquehanna increased their price objective on Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Bank of America increased their price objective on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Wells Fargo & Company lowered their price objective on Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating for the company in a research note on Tuesday, March 4th. The Goldman Sachs Group upped their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Truist Financial upped their target price on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $140.67.

Insider Transactions at Choice Hotels International

In other news, EVP Dominic Dragisich sold 3,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at $4,622,821.60. The trade was a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Up 1.7 %

Shares of NYSE CHH opened at $130.12 on Monday. The stock has a fifty day simple moving average of $144.90 and a two-hundred day simple moving average of $140.44. 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 $6.08 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $374.24 million. Analysts forecast 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. Stockholders of record on Tuesday, April 1st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s payout ratio is currently 18.46%.

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.