Amalgamated Bank Sells 2,417 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Amalgamated Bank cut its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 17.4% in the third quarter, Holdings Channel reports. The fund owned 11,493 shares of the company’s stock after selling 2,417 shares during the period. Amalgamated Bank’s holdings in Choice Hotels International were worth $1,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Eagle Bay Advisors LLC lifted its holdings in shares of Choice Hotels International by 12.9% during the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after acquiring an additional 96 shares during the period. AGF Management Ltd. lifted its holdings in shares of Choice Hotels International by 0.5% during the second quarter. AGF Management Ltd. now owns 20,940 shares of the company’s stock valued at $2,492,000 after acquiring an additional 101 shares during the period. Aurora Investment Managers LLC. lifted its holdings in shares of Choice Hotels International by 0.9% during the third quarter. Aurora Investment Managers LLC. now owns 12,465 shares of the company’s stock valued at $1,624,000 after acquiring an additional 113 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Choice Hotels International by 144.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock valued at $25,000 after acquiring an additional 117 shares during the period. Finally, MJP Associates Inc. ADV lifted its holdings in shares of Choice Hotels International by 7.4% during the second quarter. MJP Associates Inc. ADV now owns 1,836 shares of the company’s stock valued at $219,000 after acquiring an additional 127 shares during the period. 65.57% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial cut their price target on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Jefferies Financial Group cut Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird lifted their price target on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Choice Hotels International presently has a consensus rating of “Hold” and a consensus price target of $128.78.

Choice Hotels International Stock Performance

Shares of NYSE:CHH opened at $144.39 on Wednesday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.23 and a beta of 1.24. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $149.75. The business has a 50-day moving average price of $133.15 and a two-hundred day moving average price of $125.08. The company has a current ratio of 0.71, a quick ratio of 0.99 and a debt-to-equity ratio of 177.75.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 EPS. Equities analysts predict that Choice Hotels International, Inc. will post 6.76 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.80%. Choice Hotels International’s payout ratio is currently 22.03%.

Insider Transactions at Choice Hotels International

In other news, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares in the company, valued at approximately $58,656,336.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Dominic Dragisich sold 9,138 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $134.88, for a total value of $1,232,533.44. Following the completion of the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at approximately $9,240,493.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $144.95, for a total value of $1,042,480.40. Following the completion of the transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at $58,656,336.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,437 shares of company stock worth $9,788,980. 24.02% of the stock is currently owned by company insiders.

About Choice Hotels International

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.