7,809 Shares in Choice Hotels International, Inc. (NYSE:CHH) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,809 shares of the company's stock, valued at approximately $1,109,000.

Several other hedge funds have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Choice Hotels International by 10.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,625 shares of the company's stock worth $14,145,000 after purchasing an additional 9,474 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Choice Hotels International by 36.0% during the 4th quarter. Voloridge Investment Management LLC now owns 60,740 shares of the company's stock worth $8,624,000 after purchasing an additional 16,067 shares in the last quarter. Sophron Capital Management L.P. purchased a new stake in shares of Choice Hotels International during the 4th quarter worth about $7,736,000. Redwood Investment Management LLC purchased a new stake in shares of Choice Hotels International during the 4th quarter worth about $5,123,000. Finally, Quantinno Capital Management LP raised its stake in shares of Choice Hotels International by 216.9% during the 4th quarter. Quantinno Capital Management LP now owns 8,947 shares of the company's stock worth $1,270,000 after purchasing an additional 6,124 shares in the last quarter. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Choice Hotels International

In other news, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $129.56, for a total transaction of $259,120.00. Following the sale, the director now owns 52,212 shares of the company's stock, valued at approximately $6,764,586.72. This trade represents a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction that occurred 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 in the company, valued at $4,622,821.60. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. 23.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CHH shares. Wells Fargo & Company cut their price target on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research note on Tuesday, March 4th. Morgan Stanley cut their price objective on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen downgraded Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Truist Financial cut their price objective on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a research note on Friday. Finally, Barclays cut their price objective 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. Four 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 an average price target of $132.15.

Choice Hotels International Trading Down 0.8%

CHH traded down $1.04 during midday trading on Friday, reaching $125.88. The company's stock had a trading volume of 109,342 shares, compared to its average volume of 391,648. The stock has a market cap of $5.84 billion, a P/E ratio of 20.20, a PEG ratio of 1.90 and a beta of 1.00. The company has a fifty day simple moving average of $126.89 and a 200 day simple moving average of $138.28. Choice Hotels International, Inc. has a twelve month low of $109.46 and a twelve month high of $157.86.

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

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, July 1st. Choice Hotels International's payout ratio is presently 17.56%.

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.