Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Park Place Capital Corp

Park Place Capital Corp cut its stake in Choice Hotels International, Inc. (NYSE:CHH) by 46.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 409 shares of the company’s stock after selling 353 shares during the period. Park Place Capital Corp’s holdings in Choice Hotels International were worth $52,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CHH. Quadrature Capital Ltd purchased a new position in Choice Hotels International in the third quarter valued at $215,000. Axxcess Wealth Management LLC purchased a new position in Choice Hotels International in the third quarter valued at $203,000. Alps Advisors Inc. boosted its holdings in Choice Hotels International by 94.1% in the third quarter. Alps Advisors Inc. now owns 22,494 shares of the company’s stock valued at $2,756,000 after purchasing an additional 10,906 shares during the period. GSA Capital Partners LLP purchased a new position in Choice Hotels International in the third quarter valued at $1,117,000. Finally, Townsquare Capital LLC boosted its holdings in Choice Hotels International by 1.2% in the third quarter. Townsquare Capital LLC now owns 30,992 shares of the company’s stock valued at $3,797,000 after purchasing an additional 367 shares during the period. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on CHH shares. Barclays decreased their target price on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, April 19th. Susquehanna began coverage on Choice Hotels International in a report on Friday, June 21st. They set a “neutral” rating and a $125.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price target on Choice Hotels International from $128.00 to $112.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Truist Financial decreased their price target on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Finally, Robert W. Baird decreased their price target on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Choice Hotels International has an average rating of “Hold” and an average price target of $129.09.

Insider Activity at Choice Hotels International

In related news, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total value of $146,151.94. Following the transaction, the insider now owns 38,502 shares in the company, valued at approximately $4,527,065.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 24.02% of the stock is currently owned by insiders.

Choice Hotels International Stock Down 0.0 %

Choice Hotels International stock opened at $118.95 on Tuesday. Choice Hotels International, Inc. has a fifty-two week low of $108.91 and a fifty-two week high of $136.02. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market capitalization of $5.73 billion, a P/E ratio of 25.53, a PEG ratio of 2.04 and a beta of 1.23. The stock has a 50-day simple moving average of $116.92 and a 200-day simple moving average of $118.22.

Choice Hotels International (NYSE:CHH) last posted its earnings results on Wednesday, May 8th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.13. The business had revenue of $331.90 million during the quarter, compared to the consensus estimate of $343.04 million. Choice Hotels International had a return on equity of 748.46% and a net margin of 15.34%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 EPS. Equities research analysts expect that Choice Hotels International, Inc. will post 6.44 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Monday, July 1st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 24.68%.

Choice Hotels International 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.