Chevy Chase Trust Holdings LLC Cuts Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Chevy Chase Trust Holdings LLC lowered its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,527 shares of the company’s stock after selling 31,973 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Choice Hotels International were worth $16,618,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHH. Morgan Stanley boosted its stake in Choice Hotels International by 7.0% in the third quarter. Morgan Stanley now owns 3,177,681 shares of the company’s stock valued at $389,298,000 after acquiring an additional 207,019 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Choice Hotels International by 144.2% in the fourth quarter. Balyasny Asset Management L.P. now owns 939,114 shares of the company’s stock valued at $106,402,000 after buying an additional 554,479 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Choice Hotels International by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 621,332 shares of the company’s stock valued at $70,396,000 after purchasing an additional 62,174 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Choice Hotels International by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,929 shares of the company’s stock valued at $30,130,000 after purchasing an additional 6,658 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Choice Hotels International by 14.3% during the first quarter. Raymond James & Associates now owns 237,620 shares of the company’s stock worth $30,023,000 after acquiring an additional 29,677 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Stock Up 1.4 %

CHH traded up $1.72 on Thursday, reaching $122.90. 1,085 shares of the company traded hands, compared to its average volume of 543,320. The stock’s 50 day moving average price is $116.88 and its 200-day moving average price is $118.48. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $136.02. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 2.01 and a beta of 1.23. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.37 and a quick ratio of 0.37.

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

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Monday, July 1st will be given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Monday, July 1st. Choice Hotels International’s dividend payout ratio is 24.68%.

Insiders Place Their Bets

In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $117.58, for a total value of $146,151.94. Following the completion of the sale, the insider now directly owns 38,502 shares of the company’s stock, valued at $4,527,065.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 24.02% of the company’s stock.

Analyst Ratings Changes

CHH has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. Susquehanna assumed coverage on shares of Choice Hotels International in a research note on Friday, June 21st. They set a “neutral” rating and a $125.00 price target on the stock. Barclays decreased their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a report on Friday, April 19th. Truist Financial decreased their price objective on shares of 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 shares of 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 issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $129.09.

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.