Choice Hotels International, Inc. (NYSE:CHH) Shares Acquired by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. increased its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 69.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 292,836 shares of the company's stock after buying an additional 120,376 shares during the quarter. Balyasny Asset Management L.P. owned about 0.62% of Choice Hotels International worth $41,577,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Choice Hotels International by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company's stock worth $344,070,000 after purchasing an additional 8,362 shares during the period. Boston Trust Walden Corp lifted its holdings in Choice Hotels International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company's stock valued at $134,822,000 after acquiring an additional 9,490 shares during the period. Raymond James Financial Inc. purchased a new position in Choice Hotels International in the fourth quarter worth about $48,201,000. Charles Schwab Investment Management Inc. grew its stake in shares of Choice Hotels International by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock valued at $39,634,000 after purchasing an additional 2,725 shares during the period. Finally, Northern Trust Corp increased its position in shares of Choice Hotels International by 10.3% during the 4th quarter. Northern Trust Corp now owns 267,256 shares of the company's stock valued at $37,945,000 after purchasing an additional 24,957 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the transaction, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. 23.78% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHH. Bank of America raised their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Redburn Atlantic raised Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target on the stock in a research report on Monday, March 24th. Barclays reduced their price objective on shares of Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial boosted their target price on Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group raised Choice Hotels International from a "sell" rating to a "buy" rating and cut their target price for the company from $141.00 to $138.00 in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $135.69.

Choice Hotels International Trading Up 1.9 %

Choice Hotels International stock traded up $2.31 during trading on Friday, hitting $123.57. The company had a trading volume of 499,877 shares, compared to its average volume of 392,459. The company's 50 day simple moving average is $128.48 and its 200-day simple moving average is $139.50. Choice Hotels International, Inc. has a 1-year low of $109.22 and a 1-year high of $157.86. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The business had revenue of $332.86 million for the quarter, compared to analyst estimates of $348.52 million. During the same period in the prior year, the company posted $1.28 EPS. The firm's revenue for the quarter was up .3% compared to the same quarter last year. As a group, analysts forecast that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2875 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.93%. Choice Hotels International's dividend payout ratio (DPR) is 18.46%.

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.