Voloridge Investment Management LLC Has $8.62 Million Position in Choice Hotels International, Inc. (NYSE:CHH)

Voloridge Investment Management LLC lifted its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 36.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,740 shares of the company's stock after purchasing an additional 16,067 shares during the period. Voloridge Investment Management LLC owned 0.13% of Choice Hotels International worth $8,624,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Ironwood Wealth Management LLC. purchased a new position in Choice Hotels International in the fourth quarter worth $216,000. SG Americas Securities LLC acquired a new position in Choice Hotels International during the fourth quarter valued at $125,000. KBC Group NV raised its position in shares of Choice Hotels International by 3,087.2% in the fourth quarter. KBC Group NV now owns 21,195 shares of the company's stock worth $3,009,000 after acquiring an additional 20,530 shares during the period. Pacer Advisors Inc. raised its position in shares of Choice Hotels International by 23.6% in the fourth quarter. Pacer Advisors Inc. now owns 5,340 shares of the company's stock worth $758,000 after acquiring an additional 1,021 shares during the period. Finally, Twelve Points Wealth Management LLC purchased a new stake in Choice Hotels International during the 4th quarter valued at about $879,000. Institutional investors own 65.57% of the company's stock.

Insiders Place Their Bets

In other 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 transaction of $259,120.00. Following the transaction, the director now directly owns 52,212 shares in the company, valued at approximately $6,764,586.72. This trade represents a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the transaction, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. This trade represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.78% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on CHH. The Goldman Sachs Group raised shares of Choice Hotels International from a "sell" rating to a "buy" rating and decreased their price target for the company from $141.00 to $138.00 in a research report on Monday, April 14th. Truist Financial increased their price objective on Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a report on Friday, March 21st. Wall Street Zen downgraded Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Barclays reduced their price objective on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered their price target on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research report on Tuesday, March 4th. 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.com, the stock has a consensus rating of "Hold" and a consensus price target of $133.38.

Choice Hotels International Stock Down 1.0%

Shares of CHH traded down $1.23 during trading hours on Friday, reaching $125.69. 77,151 shares of the company traded hands, compared to its average volume of 391,525. Choice Hotels International, Inc. has a 12 month low of $109.46 and a 12 month high of $157.86. The company's fifty day moving average price is $126.89 and its two-hundred day moving average price is $138.28. The company has a market capitalization of $5.83 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00.

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 analysts' consensus estimates of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm had revenue of $332.86 million during the quarter, compared to the consensus estimate of $348.52 million. During the same quarter in the previous year, the company earned $1.28 earnings per share. The business's revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The business 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 dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Tuesday, July 1st. Choice Hotels International's dividend payout ratio is presently 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.