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DekaBank Deutsche Girozentrale Invests $1.12 Million in Choice Hotels International, Inc. (NYSE:CHH)

Choice Hotels International logo with Consumer Discretionary background

DekaBank Deutsche Girozentrale bought a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,619 shares of the company's stock, valued at approximately $1,117,000.

Several other hedge funds have also recently made changes to their positions in CHH. Jones Financial Companies Lllp increased its stake in shares of Choice Hotels International by 165.5% during the fourth quarter. Jones Financial Companies Lllp now owns 600 shares of the company's stock valued at $85,000 after buying an additional 374 shares during the period. Charles Schwab Investment Management Inc. increased 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 valued at $39,634,000 after buying an additional 2,725 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Choice Hotels International during the fourth quarter valued at approximately $1,895,000. Vestcor Inc purchased a new position in shares of Choice Hotels International during the fourth quarter valued at approximately $488,000. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in shares of Choice Hotels International by 836.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock valued at $62,000 after buying an additional 393 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial reduced their target price 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. The Goldman Sachs Group upgraded Choice Hotels International from a "sell" rating to a "buy" rating and dropped their price target for the company from $141.00 to $138.00 in a research report on Monday, April 14th. 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 report on Monday, March 24th. Susquehanna set a $140.00 price target on Choice Hotels International and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Morgan Stanley dropped their price target on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Choice Hotels International has a consensus rating of "Hold" and an average price target of $133.15.

View Our Latest Stock Analysis on Choice Hotels International

Choice Hotels International Trading Down 0.4%

Choice Hotels International stock opened at $134.21 on Monday. The business's fifty day simple moving average is $127.78 and its two-hundred day simple moving average is $134.18. Choice Hotels International, Inc. has a 12 month low of $116.20 and a 12 month high of $157.86. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly 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 business had revenue of $332.86 million during the quarter, compared to analysts' expectations of $348.52 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The firm's revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

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

Insider Buying and Selling at Choice Hotels International

In related news, Director Ervin R. Shames sold 2,000 shares of the company's stock in a transaction 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 completion of the sale, the director owned 52,212 shares in the company, valued at approximately $6,764,586.72. This represents a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dominic Dragisich sold 5,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $128.54, for a total value of $642,700.00. Following the sale, the executive vice president owned 70,881 shares of the company's stock, valued at approximately $9,111,043.74. This trade represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock valued at $1,565,395 in the last 90 days. Company insiders own 24.02% of the company's stock.

About Choice Hotels International

(Free Report)

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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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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