Sanctuary Advisors LLC Grows Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Sanctuary Advisors LLC boosted its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 33.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,834 shares of the company’s stock after purchasing an additional 4,219 shares during the quarter. Sanctuary Advisors LLC’s holdings in Choice Hotels International were worth $2,193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in Choice Hotels International during the third quarter valued at $55,000. TD Private Client Wealth LLC lifted its position in shares of Choice Hotels International by 30.1% in the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after acquiring an additional 3,446 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Choice Hotels International in the 3rd quarter worth approximately $395,000. MML Investors Services LLC boosted its position in shares of Choice Hotels International by 13.6% during the third quarter. MML Investors Services LLC now owns 6,692 shares of the company’s stock worth $872,000 after acquiring an additional 802 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Choice Hotels International by 31.4% during the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company’s stock valued at $18,735,000 after purchasing an additional 34,396 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CHH shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Choice Hotels International from $113.00 to $114.00 and gave the company a “hold” rating in a report on Tuesday, November 5th. Truist Financial upped their target price on Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, December 4th. Barclays raised their price target on shares of Choice Hotels International from $123.00 to $129.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. Jefferies Financial Group lowered Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 target price for the company. in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Four 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $134.18.

Insider Transactions at Choice Hotels International

In related news, insider Patrick Cimerola sold 1,714 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick Pacious sold 7,192 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This trade represents a 1.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,572 shares of company stock valued at $7,562,444 in the last 90 days. 24.02% of the stock is currently owned by company insiders.

Choice Hotels International Stock Down 3.5 %

CHH stock opened at $140.16 on Thursday. 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 of $143.28 and a 200 day moving average of $130.54. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The stock has a market capitalization of $6.57 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Monday, November 4th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.31. The firm 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%. Choice Hotels International’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Sell-side analysts forecast that Choice Hotels International, Inc. will post 6.84 earnings per share for the current year.

Choice Hotels International Dividend Announcement

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

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.