CIBC Private Wealth Group LLC Increases Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

CIBC Private Wealth Group LLC raised its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 30.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 370 shares of the company’s stock after purchasing an additional 86 shares during the period. CIBC Private Wealth Group LLC’s holdings in Choice Hotels International were worth $52,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. California Public Employees Retirement System lifted its holdings in shares of Choice Hotels International by 8.4% during the fourth quarter. California Public Employees Retirement System now owns 46,115 shares of the company’s stock valued at $6,547,000 after purchasing an additional 3,563 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Choice Hotels International during the 4th quarter valued at about $10,779,000. Brown Brothers Harriman & Co. lifted its stake in Choice Hotels International by 521.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 472 shares of the company’s stock valued at $67,000 after acquiring an additional 396 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Choice Hotels International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company’s stock valued at $506,000 after acquiring an additional 74 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Choice Hotels International in the fourth quarter worth approximately $15,354,000. Institutional investors own 65.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHH. Jefferies Financial Group raised their target price on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. The Goldman Sachs Group raised their price target on Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Robert W. Baird upped their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Truist Financial raised their target price on Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a research report on Friday, March 21st. Finally, Barclays boosted their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Choice Hotels International currently has an average rating of “Hold” and a consensus price target of $140.62.

Choice Hotels International Price Performance

Shares of CHH stock opened at $117.38 on Wednesday. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The company’s fifty day moving average price is $139.72 and its 200-day moving average price is $140.76. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.90 and a beta of 1.08.

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

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 18.46%.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This represents a 4.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction dated 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 directly owns 32,014 shares in the company, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 24.02% of the company’s stock.

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.