Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 13,681 Choice Hotels International, Inc. (NYSE:CHH)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 13,681 shares of the company's stock, valued at approximately $1,817,000.

Several other institutional investors have also modified their holdings of CHH. American Century Companies Inc. raised its stake in Choice Hotels International by 1.9% in the 4th quarter. American Century Companies Inc. now owns 13,228 shares of the company's stock valued at $1,878,000 after purchasing an additional 242 shares during the last quarter. LPL Financial LLC raised its position in shares of Choice Hotels International by 10.3% in the fourth quarter. LPL Financial LLC now owns 27,638 shares of the company's stock valued at $3,924,000 after buying an additional 2,571 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Choice Hotels International by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 2,423,373 shares of the company's stock valued at $344,070,000 after buying an additional 8,362 shares during the last quarter. Norges Bank purchased a new position in shares of Choice Hotels International during the fourth quarter valued at approximately $15,354,000. Finally, Pictet Asset Management Holding SA boosted its position in Choice Hotels International by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company's stock worth $506,000 after acquiring an additional 74 shares during the last quarter. 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 a number of recent analyst reports. Truist Financial lowered their price objective on 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. Jefferies Financial Group lowered their price target on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Barclays increased their price objective on shares of Choice Hotels International from $111.00 to $121.00 and gave the stock an "underweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group raised shares of Choice Hotels International from a "sell" rating to a "buy" rating and decreased their target price for the stock from $141.00 to $138.00 in a research report on Monday, April 14th. Finally, Morgan Stanley restated an "underweight" rating and issued a $121.00 target price on shares of Choice Hotels International in a report on Tuesday, July 15th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $134.38.

Choice Hotels International Stock Down 1.4%

Shares of NYSE:CHH traded down $1.78 during trading on Friday, reaching $125.93. The stock had a trading volume of 393,383 shares, compared to its average volume of 380,012. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 2.65 and a beta of 0.96. Choice Hotels International, Inc. has a 52 week low of $116.20 and a 52 week high of $157.86. The stock has a fifty day simple moving average of $129.04 and a two-hundred day simple moving average of $133.21.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted 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). Choice Hotels International had a negative return on equity of 377.51% and a net margin of 19.75%. The company had revenue of $332.86 million for the quarter, compared to the consensus estimate of $348.52 million. During the same quarter in the previous year, the firm posted $1.28 EPS. The business's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.9%. Choice Hotels International's payout ratio is currently 17.56%.

Insider Transactions at Choice Hotels International

In other Choice Hotels International news, EVP Dominic Dragisich sold 5,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $128.54, for a total value of $642,700.00. Following the transaction, the executive vice president directly owned 70,881 shares in the company, valued at approximately $9,111,043.74. This trade represents a 6.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ervin R. Shames sold 2,000 shares of the company's stock in a transaction 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 transaction, the director directly owned 52,212 shares in the company, valued at $6,764,586.72. This trade represents a 3.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,500 shares of company stock valued at $1,906,520. Insiders own 23.78% of the company's stock.

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.