SG Americas Securities LLC Purchases 4,328 Shares of Choice Hotels International, Inc. (NYSE:CHH)

SG Americas Securities LLC boosted its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 492.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,207 shares of the company's stock after acquiring an additional 4,328 shares during the quarter. SG Americas Securities LLC's holdings in Choice Hotels International were worth $691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in Choice Hotels International by 66.2% during the first quarter. UMB Bank n.a. now owns 256 shares of the company's stock valued at $34,000 after acquiring an additional 102 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock valued at $52,000 after purchasing an additional 86 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock valued at $61,000 after purchasing an additional 154 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Choice Hotels International during the fourth quarter valued at approximately $62,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in 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 purchasing an additional 393 shares during the last quarter. Institutional investors own 65.57% of the company's stock.

Choice Hotels International Stock Down 0.5%

CHH traded down $0.68 during trading on Friday, reaching $122.76. 659,396 shares of the company's stock were exchanged, compared to its average volume of 389,023. The company has a market capitalization of $5.70 billion, a P/E ratio of 17.66, a PEG ratio of 2.07 and a beta of 0.97. The business has a 50 day moving average price of $126.43 and a 200 day moving average price of $135.71. Choice Hotels International, Inc. has a fifty-two week low of $116.13 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data 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 company 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 firm's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. As a group, research analysts forecast 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. Investors of record on Tuesday, July 1st will be issued a $0.2875 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.94%. Choice Hotels International's dividend payout ratio is 17.56%.

Insider Activity at Choice Hotels International

In related news, Director Ervin R. Shames sold 2,000 shares of Choice Hotels International 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 transaction, the director now directly owns 52,212 shares of the company's stock, valued at $6,764,586.72. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 24.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHH has been the topic of several analyst reports. 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 report on Monday, March 24th. Truist Financial lowered their price target on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating on the stock in a report on Friday, May 30th. Wall Street Zen downgraded Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Robert W. Baird lowered their price objective on shares of 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. Finally, The Goldman Sachs Group upgraded shares of Choice Hotels International from a "sell" rating to a "buy" rating and lowered their price objective for the stock from $141.00 to $138.00 in a research note on Monday, April 14th. 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $132.15.

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.