CreativeOne Wealth LLC Takes Position in Choice Hotels International, Inc. (NYSE:CHH)

CreativeOne Wealth LLC bought a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,411 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors also recently bought and sold shares of CHH. CIBC Private Wealth Group LLC boosted its position in Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after purchasing an additional 86 shares during the period. Anchor Investment Management LLC acquired a new position in Choice Hotels International during the 3rd quarter worth $55,000. Tortoise Investment Management LLC boosted its holdings in Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after acquiring an additional 154 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in shares of Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after purchasing an additional 393 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Choice Hotels International in the fourth quarter worth about $62,000. 65.57% of the stock is currently owned by institutional investors.

Choice Hotels International Trading Down 2.4 %

NYSE:CHH opened at $121.03 on Tuesday. The firm has a 50 day moving average of $134.53 and a 200-day moving average of $140.34. Choice Hotels International, Inc. has a 1 year low of $109.22 and a 1 year high of $157.86. The stock has a market capitalization of $5.66 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $389.77 million for the quarter, compared to analysts’ expectations of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. As a group, analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.95%. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.46%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The shares were 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Morgan Stanley lifted their price target on Choice Hotels International from $131.00 to $139.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 4th. Bank of America increased their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, January 27th. Robert W. Baird upped their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Redburn Atlantic upgraded Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 price target on the stock in a research note on Monday, March 24th. Finally, Jefferies Financial Group decreased their price objective on Choice Hotels International from $154.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $139.15.

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.