Hsbc Holdings PLC purchased a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 17,462 shares of the company’s stock, valued at approximately $1,682,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. bought a new position in Choice Hotels International during the 1st quarter worth about $324,000. Goldman Sachs Group Inc. lifted its position in shares of Choice Hotels International by 13.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 110,031 shares of the company’s stock worth $14,610,000 after purchasing an additional 12,904 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Choice Hotels International by 8.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 108,512 shares of the company’s stock worth $14,408,000 after purchasing an additional 8,887 shares during the period. Jane Street Group LLC boosted its stake in shares of Choice Hotels International by 89.8% during the first quarter. Jane Street Group LLC now owns 50,138 shares of the company’s stock valued at $6,657,000 after purchasing an additional 23,726 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in Choice Hotels International by 35.2% during the second quarter. Prudential Financial Inc. now owns 2,139 shares of the company’s stock valued at $299,000 after buying an additional 557 shares during the period. 65.57% of the stock is currently owned by institutional investors.
Choice Hotels International Stock Down 1.4%
Shares of CHH stock opened at $110.43 on Wednesday. The stock’s 50-day simple moving average is $111.12 and its 200-day simple moving average is $106.13. 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 firm has a market capitalization of $5.02 billion, a PE ratio of 14.88, a P/E/G ratio of 5.36 and a beta of 0.67. Choice Hotels International, Inc. has a fifty-two week low of $84.04 and a fifty-two week high of $136.45.
Choice Hotels International Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 1.0%. Choice Hotels International’s dividend payout ratio (DPR) is currently 15.50%.
Insider Buying and Selling
In other Choice Hotels International news, CFO Scott E. Oaksmith sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $110.00, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer directly owned 35,172 shares in the company, valued at approximately $3,868,920. The trade was a 5.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 24.02% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts recently commented on CHH shares. Susquehanna reduced their price objective on shares of Choice Hotels International from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Truist Financial dropped their target price on Choice Hotels International from $129.00 to $128.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Barclays cut their price target on Choice Hotels International from $112.00 to $100.00 and set an “underweight” rating on the stock in a report on Thursday, April 30th. Robert W. Baird set a $128.00 price target on Choice Hotels International in a research report on Monday, May 11th. Finally, Morgan Stanley decreased their price objective on Choice Hotels International from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Choice Hotels International presently has a consensus rating of “Reduce” and an average target price of $111.67.
Get Our Latest Stock Analysis on CHH
Choice Hotels International Company 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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