Alps Advisors Inc. Has $3.81 Million Stake in Choice Hotels International, Inc. (NYSE:CHH)

Alps Advisors Inc. raised its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 7.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,699 shares of the company's stock after purchasing an additional 2,074 shares during the quarter. Alps Advisors Inc. owned 0.06% of Choice Hotels International worth $3,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of Choice Hotels International during the 1st quarter valued at $1,117,000. HM Payson & Co. acquired a new stake in shares of Choice Hotels International in the 1st quarter valued at about $35,000. Bank of New York Mellon Corp raised its stake in Choice Hotels International by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 234,047 shares of the company's stock worth $31,077,000 after acquiring an additional 7,159 shares during the period. Teacher Retirement System of Texas acquired a new stake in Choice Hotels International during the first quarter worth about $547,000. Finally, DAVENPORT & Co LLC boosted its position in shares of Choice Hotels International by 1.3% during the first quarter. DAVENPORT & Co LLC now owns 13,759 shares of the company's stock worth $1,827,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 65.57% of the company's stock.

Insider Activity at Choice Hotels International

In other news, EVP Dominic Dragisich sold 4,900 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $132.72, for a total transaction of $650,328.00. Following the completion of the transaction, the executive vice president directly owned 70,881 shares in the company, valued at $9,407,326.32. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ervin R. Shames sold 2,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $129.56, for a total value of $259,120.00. Following the completion of the sale, the director directly owned 52,212 shares of the company's stock, valued at $6,764,586.72. This represents a 3.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,000 shares of company stock valued at $1,565,395. Corporate insiders own 23.78% of the company's stock.

Choice Hotels International Trading Down 0.4%

NYSE CHH traded down $0.51 during trading on Friday, hitting $134.21. 506,011 shares of the company traded hands, compared to its average volume of 390,540. The company has a market capitalization of $6.23 billion, a P/E ratio of 20.49, a PEG ratio of 2.28 and a beta of 0.96. The business has a fifty day simple moving average of $127.78 and a 200 day simple moving average of $134.28. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The company had revenue of $332.86 million during the quarter, compared to analyst estimates of $348.52 million. During the same quarter last year, the firm posted $1.28 earnings per share. The firm's revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.15 annualized dividend and a yield of 0.86%. Choice Hotels International's dividend payout ratio (DPR) is currently 17.56%.

Analysts Set New Price Targets

A number of research analysts recently commented on CHH shares. UBS Group lowered their price objective on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating on the stock in a research note on Thursday. Robert W. Baird dropped their price target on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating on the stock in a research note on Monday, May 19th. Barclays dropped their price target on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Susquehanna set a $140.00 price target on Choice Hotels International and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Truist Financial dropped their price target on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday, May 30th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $133.15.

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.