Choice Hotels International, Inc. (NYSE:CHH) Stock Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234,047 shares of the company's stock after purchasing an additional 7,159 shares during the period. Bank of New York Mellon Corp owned 0.50% of Choice Hotels International worth $31,077,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CHH. Barclays PLC grew its position in shares of Choice Hotels International by 56.9% during the fourth quarter. Barclays PLC now owns 17,902 shares of the company's stock worth $2,541,000 after acquiring an additional 6,493 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Choice Hotels International by 492.4% during the first quarter. SG Americas Securities LLC now owns 5,207 shares of the company's stock worth $691,000 after acquiring an additional 4,328 shares during the last quarter. Invesco Ltd. grew its position in shares of Choice Hotels International by 85.5% during the fourth quarter. Invesco Ltd. now owns 134,188 shares of the company's stock worth $19,052,000 after acquiring an additional 61,849 shares during the last quarter. Essex Financial Services Inc. purchased a new position in shares of Choice Hotels International during the first quarter worth approximately $278,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Choice Hotels International during the fourth quarter worth approximately $1,895,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on CHH. Truist Financial reduced their target price on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a report on Friday, May 30th. JPMorgan Chase & Co. began coverage on Choice Hotels International in a report on Monday, June 23rd. They issued an "underweight" rating and a $124.00 price target for the company. Susquehanna set a $140.00 price target on Choice Hotels International and gave the company a "neutral" rating in a report on Friday, May 16th. Robert W. Baird lowered their price target on Choice Hotels International from $150.00 to $145.00 and set an "outperform" rating for the company in a report on Monday, May 19th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $121.00 target price on shares of Choice Hotels International in a report on Tuesday. Four equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $134.38.

Choice Hotels International Stock Up 0.5%

Shares of CHH traded up $0.64 during trading on Wednesday, reaching $132.14. The company's stock had a trading volume of 423,667 shares, compared to its average volume of 389,480. The company has a fifty day moving average of $128.03 and a two-hundred day moving average of $134.12. Choice Hotels International, Inc. has a twelve month low of $116.20 and a twelve month high of $157.86. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 2.26 and a beta of 0.96.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $348.52 million. During the same quarter in the previous year, the company earned $1.28 earnings per share. Choice Hotels International's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be paid a dividend of $0.2875 per share. The ex-dividend date is Tuesday, July 1st. This represents a $1.15 annualized dividend and a yield of 0.87%. Choice Hotels International's dividend payout ratio is currently 17.56%.

Insider Activity

In related news, Director Ervin R. Shames sold 2,000 shares of the stock in a transaction dated Monday, May 19th. The stock was 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 approximately $6,764,586.72. This represents a 3.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 5,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total value of $642,700.00. Following the completion of the sale, the executive vice president directly owned 70,881 shares of the company's stock, valued at approximately $9,111,043.74. This represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock valued at $1,565,395 in the last ninety days. Company insiders own 23.78% of the company's stock.

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.