Vestmark Advisory Solutions Inc. Raises Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Vestmark Advisory Solutions Inc. increased its position in Choice Hotels International, Inc. (NYSE:CHH) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,053 shares of the company’s stock after acquiring an additional 595 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Choice Hotels International were worth $2,272,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. purchased a new position in shares of Choice Hotels International in the fourth quarter valued at $45,000. Fifth Third Bancorp lifted its holdings in shares of Choice Hotels International by 42.2% in the third quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock worth $69,000 after buying an additional 168 shares in the last quarter. Signaturefd LLC boosted its position in shares of Choice Hotels International by 143.5% in the third quarter. Signaturefd LLC now owns 577 shares of the company’s stock valued at $71,000 after acquiring an additional 340 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Choice Hotels International during the third quarter valued at approximately $200,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Choice Hotels International during the 3rd quarter valued at $203,000. 65.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHH. Robert W. Baird dropped their price target on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Barclays cut their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Jefferies Financial Group upgraded Choice Hotels International from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $96.00 to $156.00 in a report on Monday, March 11th. StockNews.com cut Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Finally, Truist Financial upped their target price on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $130.80.

Choice Hotels International Trading Up 0.6 %

NYSE CHH traded up $0.69 during trading on Friday, hitting $120.70. The company had a trading volume of 538,891 shares, compared to its average volume of 584,887. The company’s fifty day moving average is $121.27 and its 200-day moving average is $117.10. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $136.02.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business had revenue of $358.40 million during the quarter, compared to analyst estimates of $369.44 million. During the same period last year, the business posted $1.26 earnings per share. Choice Hotels International’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that Choice Hotels International, Inc. will post 6.46 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.73%.

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.