Sophron Capital Management L.P. Acquires New Position in Choice Hotels International, Inc. (NYSE:CHH)

Sophron Capital Management L.P. purchased a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 54,484 shares of the company's stock, valued at approximately $7,736,000. Choice Hotels International makes up 3.1% of Sophron Capital Management L.P.'s investment portfolio, making the stock its 15th largest holding. Sophron Capital Management L.P. owned about 0.12% of Choice Hotels International as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its stake in shares of Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock worth $52,000 after purchasing an additional 86 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in Choice Hotels International by 55.8% in the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after buying an additional 154 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock worth $62,000 after buying an additional 393 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Choice Hotels International during the fourth quarter valued at approximately $62,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 65.57% of the company's stock.

Wall Street Analysts Forecast Growth

CHH has been the subject of several recent research reports. Susquehanna set a $140.00 price objective on Choice Hotels International and gave the company a "neutral" rating in a research note on Friday, May 16th. Jefferies Financial Group decreased their price target on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen lowered shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. Morgan Stanley cut their price objective on shares of Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Finally, Truist Financial upped their price target on Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a research report on Friday, March 21st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $133.38.

Choice Hotels International Stock Performance

Shares of NYSE:CHH traded down $0.52 during trading on Friday, hitting $128.56. The company's stock had a trading volume of 297,270 shares, compared to its average volume of 425,300. Choice Hotels International, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $157.86. The business has a 50 day moving average price of $127.06 and a two-hundred day moving average price of $138.78. The company has a market capitalization of $5.97 billion, a PE ratio of 20.64, a P/E/G ratio of 1.90 and a beta of 1.00.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.04). The company had revenue of $332.86 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business posted $1.28 EPS. As a group, equities analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Tuesday, July 1st. Choice Hotels International's dividend payout ratio is presently 17.56%.

Insider Activity

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. The trade was a 4.83% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,280 shares of company stock worth $1,035,202. 23.78% of the stock is currently owned by corporate insiders.

Choice Hotels International 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.