Federated Hermes Inc. Sells 308,910 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Federated Hermes Inc. lessened its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 50.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 303,156 shares of the company's stock after selling 308,910 shares during the quarter. Federated Hermes Inc. owned 0.61% of Choice Hotels International worth $34,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Louisiana State Employees Retirement System acquired a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $793,000. NewEdge Wealth LLC boosted its holdings in shares of Choice Hotels International by 3.5% in the fourth quarter. NewEdge Wealth LLC now owns 20,137 shares of the company's stock valued at $2,282,000 after buying an additional 679 shares during the period. Sapient Capital LLC acquired a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $430,000. International Assets Investment Management LLC acquired a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $24,000,000. Finally, Fenimore Asset Management Inc. boosted its holdings in shares of Choice Hotels International by 3.3% in the fourth quarter. Fenimore Asset Management Inc. now owns 172,308 shares of the company's stock valued at $19,522,000 after buying an additional 5,580 shares during the period. Institutional investors and hedge funds own 65.57% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHH shares. Truist Financial upped their price target on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a "hold" rating in a report on Thursday, March 14th. Robert W. Baird restated an "outperform" rating and set a $138.00 target price on shares of Choice Hotels International in a report on Monday, January 22nd. StockNews.com cut shares of Choice Hotels International from a "hold" rating to a "sell" rating in a report on Wednesday, February 21st. Barclays reduced their target price on shares of Choice Hotels International from $122.00 to $114.00 and set an "underweight" rating for the company in a report on Friday. Finally, Jefferies Financial Group upgraded shares of Choice Hotels International from an "underperform" rating to a "buy" rating and increased their target price for the stock from $96.00 to $156.00 in a report on Monday, March 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $130.90.

Choice Hotels International Stock Performance

Shares of CHH traded down $0.72 during trading hours on Friday, hitting $116.35. The company had a trading volume of 525,555 shares, compared to its average volume of 546,514. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.99 and a beta of 1.21. The business has a fifty day moving average of $120.80 and a 200-day moving average of $117.28. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $136.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. The company had revenue of $358.40 million for the quarter, compared to analyst estimates of $369.44 million. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The company's revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Equities analysts anticipate that Choice Hotels International, Inc. will post 6.45 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Monday, April 1st. Choice Hotels International's dividend payout ratio is 22.73%.

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.