Northern Trust Corp Increases Stake in Choice Hotels International, Inc. (NYSE:CHH)

Northern Trust Corp increased its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 267,256 shares of the company's stock after buying an additional 24,957 shares during the period. Northern Trust Corp owned 0.57% of Choice Hotels International worth $37,945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHH. Franklin Resources Inc. boosted its stake in Choice Hotels International by 26.2% during the 3rd quarter. Franklin Resources Inc. now owns 16,048 shares of the company's stock valued at $2,155,000 after purchasing an additional 3,330 shares during the last quarter. Oak Thistle LLC increased its holdings in Choice Hotels International by 29.9% in the 4th quarter. Oak Thistle LLC now owns 4,109 shares of the company's stock worth $583,000 after buying an additional 945 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of Choice Hotels International by 34.0% during the 4th quarter. Trust Co. of Vermont now owns 1,045 shares of the company's stock valued at $148,000 after acquiring an additional 265 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Choice Hotels International by 38.3% during the fourth quarter. Diversify Wealth Management LLC now owns 3,300 shares of the company's stock valued at $465,000 after purchasing an additional 914 shares during the last quarter. Finally, Ironwood Wealth Management LLC. bought a new position in Choice Hotels International during the fourth quarter valued at approximately $216,000. Institutional investors own 65.57% of the company's stock.

Analyst Upgrades and Downgrades

CHH has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Redburn Atlantic raised Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 target price on the stock in a research report on Monday, March 24th. Truist Financial upped their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a research report on Friday, March 21st. Morgan Stanley lowered their price objective on shares of Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Robert W. Baird boosted their price objective on Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Four 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 MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $135.69.

Choice Hotels International Stock Performance

NYSE CHH traded up $0.41 during trading on Thursday, hitting $127.73. The stock had a trading volume of 125,239 shares, compared to its average volume of 423,226. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The stock has a 50 day simple moving average of $127.44 and a 200 day simple moving average of $139.21. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.90 and a beta of 1.00.

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 analysts' consensus estimates of $1.38 by ($0.04). Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The business had revenue of $332.86 million for the quarter, compared to analysts' expectations of $348.52 million. During the same quarter in the previous year, the firm earned $1.28 EPS. Choice Hotels International's revenue was up .3% compared to the same quarter last year. On average, sell-side analysts predict 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 will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.90%. Choice Hotels International's dividend payout ratio is currently 17.56%.

Insider Activity

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of the transaction, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 24.02% of the company's stock.

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.