Choice Hotels International, Inc. (NYSE:CHH) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 56.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,902 shares of the company's stock after purchasing an additional 6,493 shares during the quarter. Barclays PLC's holdings in Choice Hotels International were worth $2,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Choice Hotels International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company's stock valued at $344,070,000 after acquiring an additional 8,362 shares in the last quarter. Boston Trust Walden Corp increased its position in shares of Choice Hotels International by 1.0% in the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company's stock valued at $134,822,000 after purchasing an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Choice Hotels International by 38.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock valued at $52,419,000 after purchasing an additional 111,903 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Choice Hotels International during the 4th quarter worth $48,201,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Choice Hotels International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock worth $39,634,000 after purchasing an additional 2,725 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.

Choice Hotels International Trading Down 0.7 %

NYSE:CHH opened at $125.96 on Thursday. The stock's 50 day simple moving average is $131.29 and its 200-day simple moving average is $139.90. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86. The firm has a market cap of $5.89 billion, a P/E ratio of 20.22, a PEG ratio of 1.90 and a beta of 1.08.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $389.77 million during the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. Research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.91%. The ex-dividend date was Tuesday, April 1st. Choice Hotels International's payout ratio is 18.46%.

Insiders Place Their Bets

In related news, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares of the company's stock, valued at $10,219,797.90. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the firm's stock in a transaction 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 directly owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CHH shares. Redburn Atlantic upgraded Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target on the stock in a research note on Monday, March 24th. Robert W. Baird raised their target price on Choice Hotels International from $145.00 to $160.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 25th. Jefferies Financial Group lowered their price target on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Truist Financial raised their price objective on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a report on Friday, March 21st. Finally, Bank of America increased 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 report on Monday, January 27th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $135.69.

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.

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