Everpar Advisors LLC Sells 156 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Everpar Advisors LLC reduced its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 5.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,595 shares of the company’s stock after selling 156 shares during the period. Everpar Advisors LLC’s holdings in Choice Hotels International were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Oak Thistle LLC increased its stake in shares of Choice Hotels International by 29.9% during the fourth quarter. Oak Thistle LLC now owns 4,109 shares of the company’s stock valued at $583,000 after buying an additional 945 shares during the period. JPMorgan Chase & Co. grew its holdings in Choice Hotels International by 38.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company’s stock worth $52,419,000 after acquiring an additional 111,903 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Choice Hotels International during the 3rd quarter valued at about $2,691,000. Franklin Resources Inc. raised its holdings in shares of Choice Hotels International by 26.2% in the 3rd quarter. Franklin Resources Inc. now owns 16,048 shares of the company’s stock valued at $2,155,000 after purchasing an additional 3,330 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of Choice Hotels International by 33.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company’s stock worth $2,193,000 after purchasing an additional 4,219 shares during the period. 65.57% of the stock is owned by institutional investors.

Choice Hotels International Stock Up 0.5 %

CHH stock opened at $142.69 on Friday. The stock has a market capitalization of $6.69 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $153.81. The firm has a 50 day moving average of $144.73 and a 200 day moving average of $134.10.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 16.27% and a negative return on equity of 659.01%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.82 earnings per share. On average, equities research analysts expect that Choice Hotels International, Inc. will post 6.84 earnings per share 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 paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, January 2nd. Choice Hotels International’s payout ratio is 22.03%.

Insider Buying and Selling

In other Choice Hotels International news, CEO Patrick Pacious sold 7,192 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $144.95, for a total transaction of $1,042,480.40. Following the completion of the transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $58,656,336.70. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 24.02% of the company’s stock.

Analysts Set New Price Targets

CHH has been the topic of several research reports. Barclays lifted their price objective on shares of Choice Hotels International from $123.00 to $129.00 and gave the company an “underweight” rating in a report on Friday, December 13th. Jefferies Financial Group lifted their price target on Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley restated an “underweight” rating and set a $129.00 price objective (down from $145.00) on shares of Choice Hotels International in a research note on Tuesday. The Goldman Sachs Group lifted their target price on Choice Hotels International from $118.00 to $138.00 and gave the company a “sell” rating in a research note on Tuesday, December 10th. Finally, Truist Financial increased their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, December 4th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $133.27.

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.