Choice Hotels International, Inc. $CHH Position Trimmed by Taylor Hoffman Capital Management LLC

Taylor Hoffman Capital Management LLC lessened its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,050 shares of the company’s stock after selling 408 shares during the quarter. Taylor Hoffman Capital Management LLC’s holdings in Choice Hotels International were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Choice Hotels International by 66.2% during the 1st quarter. UMB Bank n.a. now owns 256 shares of the company’s stock valued at $34,000 after acquiring an additional 102 shares in the last quarter. HM Payson & Co. purchased a new position in Choice Hotels International during the 1st quarter valued at about $35,000. Signaturefd LLC grew its stake in Choice Hotels International by 64.7% during the 1st quarter. Signaturefd LLC now owns 275 shares of the company’s stock valued at $37,000 after acquiring an additional 108 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Choice Hotels International by 119.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 390 shares of the company’s stock valued at $49,000 after acquiring an additional 212 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Choice Hotels International by 1,694.6% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 664 shares of the company’s stock valued at $88,000 after acquiring an additional 627 shares in the last quarter. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHH shares. JPMorgan Chase & Co. started coverage on Choice Hotels International in a report on Monday, June 23rd. They set an “underweight” rating and a $124.00 price target for the company. Truist Financial reduced their price target on Choice Hotels International from $144.00 to $128.00 and set a “hold” rating for the company in a report on Friday, May 30th. Barclays reduced their price target on Choice Hotels International from $121.00 to $117.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. UBS Group reduced their price target on Choice Hotels International from $160.00 to $149.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $121.00 price target on shares of Choice Hotels International in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $133.38.

Choice Hotels International Stock Up 1.9%

Shares of NYSE CHH opened at $111.85 on Wednesday. The business’s 50 day moving average is $123.73 and its two-hundred day moving average is $126.83. The company has a market cap of $5.18 billion, a P/E ratio of 17.21, a P/E/G ratio of 2.07 and a beta of 0.90. Choice Hotels International, Inc. has a 12 month low of $109.50 and a 12 month high of $157.86.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.92 EPS for the quarter, topping the consensus estimate of $1.90 by $0.02. The company had revenue of $426.44 million for the quarter, compared to the consensus estimate of $430.13 million. Choice Hotels International had a negative return on equity of 575.73% and a net margin of 19.52%.The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.84 EPS. Sell-side analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 1.0%. Choice Hotels International’s payout ratio is currently 17.69%.

Insider Activity

In other news, EVP Dominic Dragisich sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $136.45, for a total transaction of $341,125.00. Following the sale, the executive vice president directly owned 68,381 shares in the company, valued at approximately $9,330,587.45. The trade was a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 12,500 shares of company stock worth $1,647,400 in the last quarter. 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.