Huntington National Bank Sells 114 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Huntington National Bank decreased its position in Choice Hotels International, Inc. (NYSE:CHH) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,153 shares of the company’s stock after selling 114 shares during the period. Huntington National Bank’s holdings in Choice Hotels International were worth $306,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC lifted its stake in shares of Choice Hotels International by 33.4% in the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after buying an additional 4,219 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Choice Hotels International by 30.1% during the third quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company’s stock valued at $1,940,000 after purchasing an additional 3,446 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Choice Hotels International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company’s stock valued at $39,634,000 after buying an additional 2,725 shares during the last quarter. Twelve Points Wealth Management LLC bought a new stake in Choice Hotels International in the 4th quarter worth about $879,000. Finally, OFI Invest Asset Management purchased a new position in Choice Hotels International in the 4th quarter worth about $2,258,000. 65.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.90. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Down 4.1 %

Shares of Choice Hotels International stock opened at $123.22 on Friday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 1.90 and a beta of 1.08. The stock’s 50-day simple moving average is $141.53 and its 200-day simple moving average is $140.91. Choice Hotels International, Inc. has a 52 week low of $109.22 and a 52 week high of $157.86.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping 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 company had revenue of $389.77 million for the quarter, compared to analysts’ expectations of $374.24 million. On average, equities analysts expect that Choice Hotels International, Inc. will post 7.07 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 Wednesday, April 16th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2875 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.93%. Choice Hotels International’s payout ratio is 18.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Choice Hotels International from $131.00 to $139.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 4th. Truist Financial lifted their price objective on Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a report on Friday, March 21st. Robert W. Baird increased their target price on Choice Hotels International from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Barclays boosted their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an “underweight” rating in a research note on Friday, February 21st. Finally, Jefferies Financial Group raised their price objective on shares of Choice Hotels International from $150.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.62.

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.