Sanctuary Advisors LLC Boosts Position in Choice Hotels International, Inc. (NYSE:CHH)

Sanctuary Advisors LLC boosted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 33.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,834 shares of the company’s stock after acquiring an additional 4,219 shares during the period. Sanctuary Advisors LLC’s holdings in Choice Hotels International were worth $2,193,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Anchor Investment Management LLC purchased a new position in shares of Choice Hotels International during the 3rd quarter worth approximately $55,000. TD Private Client Wealth LLC grew its stake in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock worth $1,940,000 after purchasing an additional 3,446 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Choice Hotels International during the third quarter worth approximately $395,000. MML Investors Services LLC increased its position in shares of Choice Hotels International by 13.6% in the 3rd quarter. MML Investors Services LLC now owns 6,692 shares of the company’s stock valued at $872,000 after purchasing an additional 802 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Choice Hotels International by 31.4% in the third quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock valued at $18,735,000 after buying an additional 34,396 shares during the last quarter. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Susquehanna lifted their target price on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group cut shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Finally, Truist Financial upped their price target on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a report on Wednesday, December 4th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Choice Hotels International has a consensus rating of “Hold” and an average price target of $134.18.

Choice Hotels International Price Performance

CHH opened at $140.16 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The company has a market cap of $6.57 billion, a P/E ratio of 26.85, a P/E/G ratio of 2.30 and a beta of 1.23. The company has a 50 day moving average of $143.28 and a two-hundred day moving average of $130.54. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $153.81.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. Choice Hotels International’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. On average, analysts expect that Choice Hotels International, Inc. will post 6.84 earnings per share for the current year.

Choice Hotels International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, January 2nd. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Insider Transactions at Choice Hotels International

In other news, insider Robert J. Mcdowell sold 8,712 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $134.99, for a total value of $1,176,032.88. Following the completion of the sale, the insider now directly owns 38,502 shares in the company, valued at approximately $5,197,384.98. The trade was a 18.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 26,816 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,551,123.54. This trade represents a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,572 shares of company stock valued at $7,562,444. 24.02% of the stock is currently owned by corporate insiders.

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.