Janus Henderson Group PLC Raises Stake in Choice Hotels International, Inc. $CHH

Janus Henderson Group PLC boosted its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 1,009.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 139,550 shares of the company’s stock after purchasing an additional 126,973 shares during the quarter. Janus Henderson Group PLC’s holdings in Choice Hotels International were worth $14,445,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Eurizon Capital SGR S.p.A. purchased a new stake in Choice Hotels International during the fourth quarter worth approximately $27,000. Eagle Bay Advisors LLC purchased a new position in shares of Choice Hotels International in the 4th quarter valued at $28,000. Fifth Third Bancorp lifted its holdings in shares of Choice Hotels International by 77.4% during the 4th quarter. Fifth Third Bancorp now owns 392 shares of the company’s stock valued at $37,000 after acquiring an additional 171 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Choice Hotels International by 6,416.7% during the 4th quarter. UMB Bank n.a. now owns 391 shares of the company’s stock valued at $37,000 after acquiring an additional 385 shares in the last quarter. Finally, Quarry LP purchased a new stake in Choice Hotels International during the 3rd quarter worth $38,000. 65.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $114.00 price target on Choice Hotels International in a report on Monday, May 4th. Truist Financial decreased their target price on Choice Hotels International from $129.00 to $128.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley lowered their target price on Choice Hotels International from $87.00 to $86.00 and set an “underweight” rating for the company in a research note on Tuesday, May 12th. Wells Fargo & Company raised their target price on Choice Hotels International from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Finally, Barclays boosted their price target on Choice Hotels International from $100.00 to $101.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Choice Hotels International currently has an average rating of “Reduce” and an average target price of $111.00.

Choice Hotels International Price Performance

Shares of CHH stock opened at $108.91 on Wednesday. The firm has a market cap of $4.95 billion, a P/E ratio of 14.68, a P/E/G ratio of 4.31 and a beta of 0.67. The company has a debt-to-equity ratio of 14.58, a current ratio of 0.95 and a quick ratio of 0.95. Choice Hotels International, Inc. has a 1-year low of $84.04 and a 1-year high of $126.86. The firm has a fifty day moving average of $110.66 and a two-hundred day moving average of $108.30.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.15 annualized dividend and a dividend yield of 1.1%. Choice Hotels International’s dividend payout ratio (DPR) is presently 15.50%.

Insider Buying and Selling

In related news, CFO Scott E. Oaksmith sold 2,000 shares of Choice Hotels International stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer directly owned 35,172 shares in the company, valued at approximately $3,868,920. This trade represents a 5.38% 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 23.87% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.