Natixis Advisors LLC Sells 3,830 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Natixis Advisors LLC cut its stake in Choice Hotels International, Inc. (NYSE:CHH) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,969 shares of the company’s stock after selling 3,830 shares during the quarter. Natixis Advisors LLC’s holdings in Choice Hotels International were worth $20,583,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Choice Hotels International by 144.4% during the 1st 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 in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Choice Hotels International by 17.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 34,074 shares of the company’s stock valued at $3,993,000 after buying an additional 5,156 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Choice Hotels International by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after buying an additional 195,956 shares in the last quarter. Covestor Ltd increased its stake in shares of Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Finally, Seven Eight Capital LP lifted its position in Choice Hotels International by 8.7% during the 1st quarter. Seven Eight Capital LP now owns 11,131 shares of the company’s stock valued at $1,403,000 after acquiring an additional 894 shares during the period. 65.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Patrick Pacious sold 7,192 shares of the business’s stock in a transaction that occurred on 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 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the completion of the sale, the executive vice president now directly owns 68,509 shares of the company’s stock, valued at $9,240,493.92. This represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,437 shares of company stock worth $9,788,980. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Price Performance

Shares of CHH opened at $146.00 on Tuesday. The firm has a market cap of $6.85 billion, a PE ratio of 27.97, a P/E/G ratio of 2.31 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 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 has a fifty day simple moving average of $134.87 and a two-hundred day simple moving average of $125.81.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $432.62 million. During the same quarter in the prior year, the company earned $1.82 earnings per share. Choice Hotels International’s revenue was up .6% on a year-over-year basis. On average, equities analysts anticipate that Choice Hotels International, Inc. will post 6.83 EPS for the current year.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.2875 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.79%. Choice Hotels International’s dividend payout ratio is currently 22.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CHH. Robert W. Baird upped their price objective on shares of Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley raised their price objective on Choice Hotels International from $134.00 to $141.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Truist Financial dropped their target price on Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. The Goldman Sachs Group increased their price objective on shares of Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Finally, Barclays increased their price target on shares of Choice Hotels International from $112.00 to $123.00 and gave the company an “underweight” rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $130.00.

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.