Eagle Bay Advisors LLC Sells 184 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Eagle Bay Advisors LLC lowered its position in Choice Hotels International, Inc. (NYSE:CHH) by 20.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 701 shares of the company’s stock after selling 184 shares during the period. Eagle Bay Advisors LLC’s holdings in Choice Hotels International were worth $89,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CHH. Allspring Global Investments Holdings LLC increased its position in shares of Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. Vima LLC bought a new stake in shares of Choice Hotels International in the 4th quarter valued at $36,000. Wetzel Investment Advisors Inc. acquired a new position in Choice Hotels International in the 4th quarter worth $45,000. Principal Securities Inc. acquired a new position in Choice Hotels International in the 4th quarter worth $48,000. Finally, AdvisorShares Investments LLC acquired a new position in Choice Hotels International in the 4th quarter worth $137,000. Institutional investors own 65.57% of the company’s stock.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 13,117 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $124.45, for a total value of $1,632,410.65. Following the transaction, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at approximately $8,608,330.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Dominic Dragisich sold 13,117 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $124.45, for a total transaction of $1,632,410.65. Following the transaction, the executive vice president now directly owns 69,171 shares of the company’s stock, valued at $8,608,330.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick Cimerola sold 13,259 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $125.08, for a total transaction of $1,658,435.72. Following the transaction, the insider now directly owns 23,461 shares in the company, valued at $2,934,501.88. The disclosure for this sale can be found here. Insiders have sold a total of 27,619 shares of company stock valued at $3,436,998 in the last three months. 24.02% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CHH has been the subject of a number of research analyst reports. Barclays reduced 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 note on Friday, April 19th. Robert W. Baird reduced their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Truist Financial reduced their price objective on shares of Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, Susquehanna began coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $129.09.

Choice Hotels International Stock Performance

NYSE:CHH traded up $1.86 during mid-day trading on Thursday, hitting $132.39. The stock had a trading volume of 235,135 shares, compared to its average volume of 550,330. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $136.02. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.27 and a beta of 1.23. The company’s 50 day simple moving average is $117.67 and its 200 day simple moving average is $118.99. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.13. The business had revenue of $331.90 million during the quarter, compared to the consensus estimate of $343.04 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. Choice Hotels International’s revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 6.46 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st were issued a $0.2875 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.15 annualized dividend and a yield of 0.87%. Choice Hotels International’s dividend payout ratio is currently 24.68%.

About Choice Hotels International

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.