State Street Corp Has $100.25 Million Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

State Street Corp cut its holdings in Choice Hotels International, Inc. (NYSE:CHH) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 769,395 shares of the company’s stock after selling 18,087 shares during the quarter. State Street Corp owned approximately 1.64% of Choice Hotels International worth $100,252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. &PARTNERS bought a new position in shares of Choice Hotels International in the second quarter worth about $366,000. Erste Asset Management GmbH bought a new position in Choice Hotels International in the 3rd quarter valued at approximately $19,545,000. International Assets Investment Management LLC bought a new position in Choice Hotels International in the 3rd quarter valued at approximately $42,280,000. BNP Paribas Financial Markets grew its stake in shares of Choice Hotels International by 256.3% during the third quarter. BNP Paribas Financial Markets now owns 27,719 shares of the company’s stock worth $3,612,000 after buying an additional 19,939 shares during the last quarter. Finally, William B. Walkup & Associates Inc. bought a new stake in shares of Choice Hotels International during the second quarter worth $799,000. Institutional investors own 65.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHH. Truist Financial raised their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, December 4th. Robert W. Baird boosted their price target on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Wells Fargo & Company assumed coverage on shares of Choice Hotels International in a research report on Thursday, December 5th. They set an “underweight” rating and a $133.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a research report on Friday. Finally, Morgan Stanley lifted their price target on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $134.18.

Choice Hotels International Stock Performance

Shares of CHH opened at $146.45 on Monday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm’s fifty day simple moving average is $142.50 and its two-hundred day simple moving average is $130.00. Choice Hotels International, Inc. has a 12 month low of $108.91 and a 12 month high of $153.81. The stock has a market capitalization of $6.87 billion, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million for 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 firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 EPS. As a group, analysts predict that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 2nd will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, January 2nd. Choice Hotels International’s payout ratio is 22.03%.

Insider Buying and Selling at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. This represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the transaction, the senior vice president now owns 45,669 shares of the company’s stock, valued at $5,940,623.52. This represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,412 shares of company stock valued at $8,582,271. Corporate 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.