6,190 Shares in Choice Hotels International, Inc. (NYSE:CHH) Bought by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC bought a new stake in Choice Hotels International, Inc. (NYSE:CHH) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,190 shares of the company’s stock, valued at approximately $879,000.

Several other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of Choice Hotels International by 23.6% in the fourth quarter. Pacer Advisors Inc. now owns 5,340 shares of the company’s stock valued at $758,000 after buying an additional 1,021 shares during the period. KBC Group NV raised its stake in shares of Choice Hotels International by 3,087.2% in the fourth quarter. KBC Group NV now owns 21,195 shares of the company’s stock valued at $3,009,000 after buying an additional 20,530 shares during the period. SG Americas Securities LLC bought a new stake in shares of Choice Hotels International in the fourth quarter valued at $125,000. Genesis Private Wealth LLC bought a new stake in shares of Choice Hotels International in the fourth quarter valued at $262,000. Finally, Ironwood Financial llc bought a new stake in shares of Choice Hotels International in the fourth quarter valued at $216,000. 65.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CHH. Jefferies Financial Group boosted their price objective on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Truist Financial boosted their price objective 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. Bank of America boosted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird boosted their price objective on Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Barclays boosted their price objective on Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $135.92.

Insider Transactions at Choice Hotels International

In related news, CEO Patrick Pacious sold 7,192 shares of the 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 completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,656,336.70. This represents a 1.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Trading Up 0.5 %

CHH opened at $148.64 on Wednesday. The stock has a 50-day moving average price of $144.73 and a 200-day moving average price of $135.74. Choice Hotels International, Inc. has a 12-month low of $108.91 and a 12-month high of $153.81. The stock has a market capitalization of $6.97 billion, a P/E ratio of 28.48, a PEG ratio of 2.22 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $432.62 million. During the same period in the prior year, the business earned $1.82 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts predict that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, January 2nd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, January 2nd. Choice Hotels International’s payout ratio is currently 22.03%.

About Choice Hotels International

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.