Envestnet Asset Management Inc. Has $39.55 Million Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Envestnet Asset Management Inc. cut its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,829 shares of the company's stock after selling 18,753 shares during the period. Envestnet Asset Management Inc. owned 0.64% of Choice Hotels International worth $39,546,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. raised its position in shares of Choice Hotels International by 66.2% in the first quarter. UMB Bank n.a. now owns 256 shares of the company's stock valued at $34,000 after buying an additional 102 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Choice Hotels International in the first quarter valued at approximately $35,000. CIBC Private Wealth Group LLC raised its position in shares of Choice Hotels International by 30.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock valued at $52,000 after buying an additional 86 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Choice Hotels International by 836.2% in 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Choice Hotels International in the fourth quarter valued at approximately $62,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group dropped their price target on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. UBS Group dropped their price target on shares of Choice Hotels International from $160.00 to $149.00 and set a "neutral" rating for the company in a research report on Thursday. Truist Financial lowered their price objective on shares of Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. assumed coverage on shares of Choice Hotels International in a research report on Monday, June 23rd. They set an "underweight" rating and a $124.00 price objective for the company. Finally, Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective for the company in a research report on Monday, March 24th. Four 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, the company presently has an average rating of "Hold" and a consensus target price of $133.15.

Insider Activity

In related news, Director Ervin R. Shames sold 2,000 shares of the firm's 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 transaction, the director directly owned 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total transaction of $642,700.00. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $1,565,395 in the last quarter. Company insiders own 24.02% of the company's stock.

Choice Hotels International Stock Down 0.4%

Shares of Choice Hotels International stock opened at $134.21 on Monday. Choice Hotels International, Inc. has a twelve month low of $116.20 and a twelve month high of $157.86. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 2.27 and a beta of 0.96. The company's fifty day moving average is $127.78 and its 200 day moving average is $134.18.

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

Choice Hotels International Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.86%. Choice Hotels International's dividend payout ratio is currently 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.

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