Boston Trust Walden Corp lessened its stake in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 6.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 930,762 shares of the company’s stock after selling 60,643 shares during the period. Choice Hotels International accounts for 0.8% of Boston Trust Walden Corp’s portfolio, making the stock its 26th largest holding. Boston Trust Walden Corp’s holdings in Choice Hotels International were worth $96,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of the company. Fenimore Asset Management Inc boosted its holdings in Choice Hotels International by 8.7% in the fourth quarter. Fenimore Asset Management Inc now owns 193,444 shares of the company’s stock valued at $18,427,000 after acquiring an additional 15,508 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Choice Hotels International by 9,295.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 62,577 shares of the company’s stock worth $5,961,000 after purchasing an additional 61,911 shares during the last quarter. Elo Mutual Pension Insurance Co bought a new stake in Choice Hotels International during the 3rd quarter worth about $2,100,000. M&T Bank Corp acquired a new position in Choice Hotels International during the 4th quarter valued at about $1,037,000. Finally, Erste Asset Management GmbH lifted its position in Choice Hotels International by 28.2% during the 4th quarter. Erste Asset Management GmbH now owns 250,000 shares of the company’s stock valued at $23,815,000 after purchasing an additional 55,000 shares during the period. Institutional investors and hedge funds own 65.57% of the company’s stock.
Choice Hotels International Stock Up 3.3%
Shares of CHH stock opened at $112.87 on Friday. Choice Hotels International, Inc. has a 12-month low of $84.04 and a 12-month high of $136.45. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 14.58. The firm has a fifty day moving average of $110.73 and a 200-day moving average of $106.43. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 5.23 and a beta of 0.67.
Choice Hotels International Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.15 annualized dividend and a yield of 1.0%. Choice Hotels International’s payout ratio is presently 15.50%.
Analyst Upgrades and Downgrades
CHH has been the subject of several analyst reports. Susquehanna lowered their price target on shares of Choice Hotels International from $115.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Morgan Stanley cut their price objective on shares of Choice Hotels International from $87.00 to $86.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Robert W. Baird set a $128.00 price objective on shares of Choice Hotels International in a research note on Monday, May 11th. Barclays lowered their target price on shares of Choice Hotels International from $112.00 to $100.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of Choice Hotels International in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $111.67.
View Our Latest Analysis on CHH
Insiders Place Their Bets
In other Choice Hotels International news, CFO Scott E. Oaksmith sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $110.00, for a total transaction of $220,000.00. Following the completion of the transaction, the chief financial officer owned 35,172 shares of the company’s stock, valued at $3,868,920. This represents a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 23.78% of the stock is currently owned by company insiders.
Choice Hotels International Profile
Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.
Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.
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