Heritage Family Offices LLP Sells 277 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Heritage Family Offices LLP trimmed its stake in Choice Hotels International, Inc. (NYSE:CHH) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,797 shares of the company’s stock after selling 277 shares during the period. Heritage Family Offices LLP’s holdings in Choice Hotels International were worth $397,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock valued at $2,193,000 after buying an additional 4,219 shares during the period. TD Private Client Wealth LLC raised its holdings 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 buying an additional 3,446 shares during the period. Erste Asset Management GmbH bought a new stake in Choice Hotels International in the 3rd quarter valued at approximately $19,545,000. JPMorgan Chase & Co. raised its holdings in Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after acquiring an additional 111,903 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Choice Hotels International by 256.3% in the third quarter. BNP Paribas Financial Markets now owns 27,719 shares of the company’s stock valued at $3,612,000 after buying an additional 19,939 shares during the period. 65.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CHH shares. Truist Financial lifted 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. Barclays increased their price objective on shares of Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. Susquehanna upped their price objective 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. JPMorgan Chase & Co. lifted their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Choice Hotels International presently has a consensus rating of “Hold” and an average price target of $133.27.

Insider Transactions at Choice Hotels International

In related news, CEO Patrick Pacious sold 7,192 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $144.95, for a total value of $1,042,480.40. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,656,336.70. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Up 0.7 %

Shares of NYSE CHH opened at $141.85 on Thursday. The firm’s 50-day moving average price is $144.76 and its 200-day moving average price is $134.04. The firm has a market capitalization of $6.65 billion, a P/E ratio of 27.17, a P/E/G ratio of 2.12 and a beta of 1.24. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $153.81.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period last year, the company earned $1.82 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Equities research analysts forecast that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

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.