Schonfeld Strategic Advisors LLC Purchases 28,067 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Schonfeld Strategic Advisors LLC lifted its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 503.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,638 shares of the company's stock after acquiring an additional 28,067 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.07% of Choice Hotels International worth $4,776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CHH. Pictet Asset Management Holding SA grew its stake in Choice Hotels International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company's stock valued at $506,000 after purchasing an additional 74 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Choice Hotels International by 0.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company's stock valued at $1,838,000 after buying an additional 76 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock worth $52,000 after acquiring an additional 86 shares during the period. Bleakley Financial Group LLC increased its holdings in shares of Choice Hotels International by 5.5% during the 4th quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company's stock worth $300,000 after acquiring an additional 110 shares during the last quarter. Finally, Quarry LP raised its stake in Choice Hotels International by 25.6% in the 4th quarter. Quarry LP now owns 604 shares of the company's stock valued at $86,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 65.57% of the company's stock.

Choice Hotels International Stock Down 1.0 %

Shares of NYSE:CHH traded down $1.24 during trading on Tuesday, hitting $125.69. 469,324 shares of the company were exchanged, compared to its average volume of 398,713. Choice Hotels International, Inc. has a 1-year low of $109.22 and a 1-year high of $157.86. The company has a market capitalization of $5.87 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. The business's 50 day moving average is $130.05 and its 200-day moving average is $139.84.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. As a group, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Tuesday, April 1st. Choice Hotels International's dividend payout ratio is currently 18.46%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CHH has been the topic of several research reports. Barclays decreased their price objective on shares of Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Redburn Atlantic upgraded Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective for the company in a report on Monday, March 24th. Truist Financial increased their target price on Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a research note on Friday, March 21st. Wells Fargo & Company decreased their price objective on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a report on Tuesday, March 4th. Finally, Bank of America lifted their target price on Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Four investment 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $135.69.

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.