Illinois Municipal Retirement Fund Sells 3,092 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Illinois Municipal Retirement Fund trimmed its holdings in Choice Hotels International, Inc. (NYSE:CHH – Get Rating) by 40.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,534 shares of the company’s stock after selling 3,092 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Choice Hotels International were worth $497,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Securian Asset Management Inc. grew its stake in shares of Choice Hotels International by 3.4% during the 2nd quarter. Securian Asset Management Inc. now owns 3,043 shares of the company’s stock valued at $340,000 after purchasing an additional 100 shares during the period. US Bancorp DE grew its stake in shares of Choice Hotels International by 4.3% during the 1st quarter. US Bancorp DE now owns 2,716 shares of the company’s stock valued at $385,000 after purchasing an additional 112 shares during the period. CWM LLC grew its stake in shares of Choice Hotels International by 16.3% during the 2nd quarter. CWM LLC now owns 872 shares of the company’s stock valued at $97,000 after purchasing an additional 122 shares during the period. M&T Bank Corp grew its stake in shares of Choice Hotels International by 1.5% during the 2nd quarter. M&T Bank Corp now owns 8,329 shares of the company’s stock valued at $913,000 after purchasing an additional 122 shares during the period. Finally, Captrust Financial Advisors grew its stake in shares of Choice Hotels International by 28.0% during the 2nd quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock valued at $67,000 after purchasing an additional 131 shares during the period. 58.03% of the stock is currently owned by institutional investors.

Choice Hotels International Stock Down 1.5 %

Shares of CHH opened at $124.05 on Wednesday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.80 and a beta of 1.26. Choice Hotels International, Inc. has a 1 year low of $104.15 and a 1 year high of $153.71. The business’s 50 day simple moving average is $117.75 and its 200-day simple moving average is $117.31.

Choice Hotels International (NYSE:CHH – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.75 by ($0.19). Choice Hotels International had a return on equity of 87.75% and a net margin of 25.72%. The business had revenue of $414.30 million during the quarter, compared to the consensus estimate of $374.90 million. During the same quarter in the prior year, the firm posted $1.51 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities analysts expect that Choice Hotels International, Inc. will post 5.12 earnings per share for the current fiscal year.

Choice Hotels International Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were given a $0.237 dividend. The ex-dividend date was Friday, December 30th. This represents a $0.95 annualized dividend and a yield of 0.76%. Choice Hotels International’s dividend payout ratio is currently 15.63%.

Insider Buying and Selling

In other Choice Hotels International news, SVP Simone Wu sold 6,342 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $120.82, for a total transaction of $766,240.44. Following the sale, the senior vice president now directly owns 39,147 shares in the company, valued at $4,729,740.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Simone Wu sold 6,342 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $120.82, for a total value of $766,240.44. Following the completion of the sale, the senior vice president now directly owns 39,147 shares of the company’s stock, valued at approximately $4,729,740.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brian Bainum sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $122.44, for a total value of $3,673,200.00. Following the completion of the sale, the director now directly owns 14,196 shares of the company’s stock, valued at $1,738,158.24. The disclosure for this sale can be found here. 20.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CHH. Truist Financial cut their price target on Choice Hotels International from $135.00 to $120.00 and set a “hold” rating for the company in a research note on Monday, December 5th. Redburn Partners initiated coverage on Choice Hotels International in a research report on Wednesday, November 30th. They set a “sell” rating on the stock. Morgan Stanley initiated coverage on Choice Hotels International in a research report on Monday, December 5th. They set an “equal weight” rating and a $137.00 price objective on the stock. StockNews.com initiated coverage on Choice Hotels International in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Choice Hotels International from $117.00 to $112.00 in a research report on Tuesday, November 8th. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $120.75.

Choice Hotels International Company Profile

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Choice Hotels International, Inc engages in the franchising and operations of hotels. It operates through Hotel Franchising, and Corporate and Other segments. The Hotel Franchising segment refers to the hotel franchising operations consisting of the company’s several hotel brands. The Corporate and Other segment deals with hotel revenues and rental income related to office buildings owned by the company.