Securian Asset Management Inc. Sells 100 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Securian Asset Management Inc. decreased its position in Choice Hotels International, Inc. (NYSE:CHH) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,662 shares of the company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Choice Hotels International were worth $236,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its stake in Choice Hotels International by 55.8% in the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock valued at $61,000 after acquiring an additional 154 shares in the last quarter. AlphaQuest LLC bought a new stake in Choice Hotels International in the 4th quarter valued at approximately $535,000. OFI Invest Asset Management bought a new stake in Choice Hotels International in the 4th quarter valued at approximately $2,258,000. Callan Family Office LLC bought a new stake in shares of Choice Hotels International during the 4th quarter worth approximately $229,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Choice Hotels International during the 4th quarter worth approximately $48,201,000. Institutional investors own 65.57% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHH. Truist Financial upped their price objective on Choice Hotels International from $134.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Bank of America upped their price objective on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. StockNews.com cut Choice Hotels International from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley upped their price objective on Choice Hotels International from $131.00 to $139.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group upped their price objective on Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $140.67.

Insider Buying and Selling at Choice Hotels International

In other news, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the sale, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 24.02% of the company’s stock.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $130.63 on Wednesday. The stock’s fifty day moving average price is $144.53 and its two-hundred day moving average price is $140.50. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.90 and a beta of 1.25.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. On average, equities analysts anticipate 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 Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is 18.46%.

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.