2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. lowered its stake in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 10.
6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 359,606 shares of the company’s stock after selling 42,687 shares during the quarter. JPMorgan Chase & Co.
owned 0.77% of Choice Hotels International worth $51,057,000 as of its most recent filing with the SEC. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Anchor Investment Management LLC acquired a new stake in shares of Choice Hotels International in the third quarter valued at about $55,000. Tortoise Investment Management LLC boosted its holdings in Choice Hotels International by 55.8% in the 4th quarter.
Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after buying an additional 154 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Choice Hotels International in the 4th quarter worth about $62,000.
Skandinaviska Enskilda Banken AB publ increased its stake in Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after buying an additional 393 shares in the last quarter.
Finally, Millstone Evans Group LLC acquired a new position in shares of Choice Hotels International during the fourth quarter valued at approximately $65,000. Hedge funds and other institutional investors own 65.57% of the company’s stock.
Choice Hotels International Price PerformanceShares of CHH opened at $123.22 on Friday. The firm has a 50-day simple moving average of $141.
53 and a two-hundred day simple moving average of $141.01. Choice Hotels International, Inc.
has a 1-year low of $109.22 and a 1-year high of $157.86.
The stock has a market cap of $5.76 billion, a PE ratio of 19.78, a P/E/G ratio of 1.
90 and a beta of 1.08. Choice Hotels International (NYSE:CHH – Get Free Report) last released 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. As a group, sell-side analysts expect that Choice Hotels International, Inc. will post 7.
07 earnings per share for the current fiscal year. Choice Hotels International Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.
2875 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.
15 dividend on an annualized basis and a yield of 0.93%. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.
46%. Insider Transactions at Choice Hotels InternationalIn related news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction 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 transaction, the executive vice president now directly owns 68,913 shares in the company, valued at approximately $10,219,797.
90. This trade represents a 4.83 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business’s stock in a transaction on Tuesday, March 4th.
The stock was sold at an average price of $144.40, for a total value of $257,032.00.
Following the transaction, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at $4,622,821.60. The trade was a 5.
27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 24.
02% of the company’s stock. Analyst Upgrades and DowngradesSeveral research analysts recently commented on CHH shares. The Goldman Sachs Group increased their price objective 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. Redburn Atlantic raised shares of Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.
00 price target on the stock in a research note on Monday, March 24th. Barclays raised their target price on shares of Choice Hotels International from $129.00 to $132.
00 and gave the stock an “underweight” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price target on Choice Hotels International from $122.
00 to $135.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. Finally, Susquehanna increased their price target on Choice Hotels International from $130.
00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock.
According to data from MarketBeat, Choice Hotels International currently has an average rating of “Hold” and an average target price of $140.62.View Our Latest Stock Report on CHHChoice Hotels International Company Profile (Free Report)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.Further ReadingFive stocks we like better than Choice Hotels InternationalRoth IRA Calculator: Calculate Your Potential ReturnsConagra Stock Could Thrive as Tariffs Hit Other SectorsWhat is the NASDAQ Stock Exchange?Grocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsShould You Invest in Penny Stocks?Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?.
