Xponance Inc. Lowers Stake in Choice Hotels International, Inc. (NYSE:CHH)

Xponance Inc. cut its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,065 shares of the company’s stock after selling 563 shares during the quarter. Xponance Inc.’s holdings in Choice Hotels International were worth $687,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Choice Hotels International by 42.2% in the third quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock worth $69,000 after acquiring an additional 168 shares during the last quarter. Signaturefd LLC boosted its position in shares of Choice Hotels International by 143.5% in the third quarter. Signaturefd LLC now owns 577 shares of the company’s stock worth $71,000 after acquiring an additional 340 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Choice Hotels International in the third quarter worth approximately $200,000. Axxcess Wealth Management LLC acquired a new stake in shares of Choice Hotels International in the third quarter worth approximately $203,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Choice Hotels International in the third quarter worth approximately $215,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Choice Hotels International Trading Up 0.1 %

NYSE CHH opened at $119.05 on Friday. The company’s fifty day simple moving average is $120.76 and its 200-day simple moving average is $117.25. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $136.02. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. The stock has a market cap of $5.91 billion, a P/E ratio of 23.53, a PEG ratio of 1.93 and a beta of 1.21.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Tuesday, February 20th. The company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $369.44 million. During the same period in the previous year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts predict that Choice Hotels International, Inc. will post 6.46 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were paid a $0.2875 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.97%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.73%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CHH. StockNews.com cut shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Truist Financial raised their target price on shares of Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Robert W. Baird reduced their price target on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating on the stock in a research report on Wednesday. Barclays reduced their price target on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research report on Friday, April 19th. Finally, Jefferies Financial Group raised shares of Choice Hotels International from an “underperform” rating to a “buy” rating and lifted their price target for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $130.80.

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.