Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by First Hawaiian Bank

First Hawaiian Bank trimmed its position in Choice Hotels International, Inc. (NYSE:CHH) by 24.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,041 shares of the company’s stock after selling 1,290 shares during the quarter. First Hawaiian Bank’s holdings in Choice Hotels International were worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of Choice Hotels International by 81.4% in the 3rd quarter. Blue Trust Inc. now owns 399 shares of the company’s stock valued at $47,000 after buying an additional 179 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Choice Hotels International in the 3rd quarter valued at $55,000. Quarry LP purchased a new position in shares of Choice Hotels International in the 3rd quarter valued at $63,000. Quest Partners LLC purchased a new position in shares of Choice Hotels International in the 2nd quarter valued at $69,000. Finally, Eagle Bay Advisors LLC grew its position in shares of Choice Hotels International by 12.9% in the 3rd quarter. Eagle Bay Advisors LLC now owns 843 shares of the company’s stock valued at $110,000 after buying an additional 96 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Stock Up 0.5 %

Shares of NYSE CHH opened at $141.09 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $153.81. The firm has a 50-day moving average price of $144.69 and a 200 day moving average price of $133.31. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 27.03, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating the consensus estimate of $1.92 by $0.31. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same quarter last year, the business earned $1.82 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts anticipate that Choice Hotels International, Inc. will post 6.84 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International’s dividend payout ratio (DPR) is 22.03%.

Wall Street Analyst Weigh In

CHH has been the topic of a number of recent analyst reports. Truist Financial increased their target price on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. raised their price objective on shares of Choice Hotels International from $122.00 to $135.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Barclays raised their price objective on shares of Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Finally, Susquehanna raised their price objective on shares of Choice Hotels International from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.36.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CEO Patrick Pacious sold 26,816 shares of Choice Hotels International stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 404,666 shares in the company, valued at approximately $58,551,123.54. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Patrick Cimerola sold 1,714 shares of Choice Hotels International stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $135.00, for a total transaction of $231,390.00. Following the transaction, the insider now owns 18,084 shares of the company’s stock, valued at approximately $2,441,340. The trade was a 8.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,722 shares of company stock worth $5,153,877 over the last 90 days. Company insiders own 24.02% of the company’s stock.

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.