AdvisorShares Investments LLC Acquires New Shares in Choice Hotels International, Inc. (NYSE:CHH)

AdvisorShares Investments LLC acquired a new position in shares of Choice Hotels International, Inc. (NYSE:CHH) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,900 shares of the company’s stock, valued at approximately $696,000.

Several other institutional investors have also added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC raised its stake in Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after buying an additional 86 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Choice Hotels International during the 3rd quarter worth about $55,000. Tortoise Investment Management LLC raised its position in shares of 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 acquiring an additional 154 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Choice Hotels International by 836.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock valued at $62,000 after purchasing an additional 393 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Choice Hotels International during the 4th quarter valued at about $62,000. 65.57% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were 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 of the company’s stock, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the sale, the chief financial officer now directly owns 32,014 shares of the company’s stock, valued at $4,622,821.60. This represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Up 0.2 %

CHH stock opened at $125.54 on Tuesday. The firm has a market cap of $5.87 billion, a PE ratio of 20.15, a P/E/G ratio of 1.90 and a beta of 1.08. The business has a 50 day moving average of $132.28 and a 200-day moving average of $140.09. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86.

Choice Hotels International (NYSE:CHH) last announced its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The firm had revenue of $389.77 million during the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. On average, research 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 was paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is currently 18.46%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Barclays dropped their price target on Choice Hotels International from $132.00 to $111.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 4th. Truist Financial lifted their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the company a “hold” rating in a research note on Friday, March 21st. Susquehanna increased their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Redburn Atlantic raised Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 target price for the company in a research report on Monday, March 24th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $135.69.

Choice Hotels International Company 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.