Huntington National Bank Has $295,000 Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Huntington National Bank raised its stake in Choice Hotels International, Inc. (NYSE:CHH) by 4.7% in the third quarter, Holdings Channel reports. The fund owned 2,267 shares of the company’s stock after purchasing an additional 101 shares during the quarter. Huntington National Bank’s holdings in Choice Hotels International were worth $295,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Choice Hotels International by 307.4% in the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock valued at $28,000 after acquiring an additional 166 shares during the last quarter. Covestor Ltd lifted its stake in shares of Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in shares of Choice Hotels International by 129.4% during the 2nd quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock valued at $30,000 after acquiring an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Choice Hotels International by 1,146.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after acquiring an additional 367 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Choice Hotels International Stock Up 1.4 %

Shares of NYSE:CHH opened at $146.23 on Friday. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $149.75. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71. The business’s 50-day moving average is $134.40 and its 200-day moving average is $125.59. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 2.29 and a beta of 1.24.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.31. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. Equities research analysts predict that Choice Hotels International, Inc. will post 6.83 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.03%.

Insider Activity at Choice Hotels International

In other news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the completion of the sale, the chief executive officer now owns 404,666 shares in the company, valued at $48,709,646.42. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Patrick Cimerola sold 1,714 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $135.00, for a total value of $231,390.00. Following the completion of the transaction, the insider now owns 18,084 shares in the company, valued at approximately $2,441,340. This represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 71,437 shares of company stock valued at $9,788,980 in the last three months. Corporate insiders own 24.02% of the company’s stock.

Analysts Set New Price Targets

CHH has been the topic of a number of recent research reports. Jefferies Financial Group lowered Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a research note on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Choice Hotels International from $138.00 to $145.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Truist Financial cut their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a “hold” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group raised their target price on Choice Hotels International from $105.00 to $118.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Choice Hotels International currently has a consensus rating of “Hold” and an average target price of $130.00.

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.