Choice Hotels International, Inc. (NYSE:CHH) Stock Holdings Decreased by Federated Hermes Inc.

Federated Hermes Inc. cut its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 18.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,087 shares of the company's stock after selling 19,093 shares during the period. Federated Hermes Inc. owned approximately 0.17% of Choice Hotels International worth $11,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Choice Hotels International in the fourth quarter worth approximately $432,000. Franklin Resources Inc. raised its stake in shares of Choice Hotels International by 16.5% in the 4th quarter. Franklin Resources Inc. now owns 18,694 shares of the company's stock valued at $2,654,000 after acquiring an additional 2,646 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Choice Hotels International in the 4th quarter worth approximately $284,000. CIBC Private Wealth Group LLC increased its holdings in Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock valued at $52,000 after purchasing an additional 86 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in Choice Hotels International by 8.4% in the fourth quarter. California Public Employees Retirement System now owns 46,115 shares of the company's stock valued at $6,547,000 after purchasing an additional 3,563 shares during the period. Institutional investors and hedge funds own 65.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a research report on Friday, March 21st. Robert W. Baird increased their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Susquehanna lifted their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Bank of America raised their price target on Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Redburn Atlantic upgraded Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective on the stock in a report on Monday, March 24th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $139.15.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the sale, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dominic Dragisich sold 3,500 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now directly owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. Insiders own 24.02% of the company's stock.

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $0.44 during trading on Tuesday, reaching $126.90. 109,349 shares of the company's stock were exchanged, compared to its average volume of 407,426. The company's 50-day moving average is $137.46 and its two-hundred day moving average is $140.58. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.90 and a beta of 1.08. Choice Hotels International, Inc. has a 52-week low of $109.22 and a 52-week high of $157.86.

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

Choice Hotels International Announces Dividend

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

Choice Hotels International Company 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.