New York State Teachers Retirement System Sells 500 Shares of Choice Hotels International, Inc. (NYSE:CHH)

New York State Teachers Retirement System cut its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,640 shares of the company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System’s holdings in Choice Hotels International were worth $1,206,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Choice Hotels International by 4.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock valued at $264,871,000 after purchasing an additional 91,351 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Choice Hotels International during the fourth quarter valued at approximately $24,000,000. Boston Trust Walden Corp boosted its position in Choice Hotels International by 8.3% during the third quarter. Boston Trust Walden Corp now owns 1,015,844 shares of the company’s stock valued at $124,451,000 after purchasing an additional 78,115 shares during the last quarter. Jump Financial LLC boosted its position in Choice Hotels International by 144.9% during the third quarter. Jump Financial LLC now owns 33,207 shares of the company’s stock valued at $4,068,000 after purchasing an additional 19,649 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of Choice Hotels International by 34.7% in the third quarter. UBS Group AG now owns 39,539 shares of the company’s stock valued at $4,844,000 after buying an additional 10,193 shares during the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Choice Hotels International Stock Performance

NYSE:CHH opened at $117.34 on Thursday. The stock has a market cap of $5.83 billion, a P/E ratio of 23.19, a PEG ratio of 2.04 and a beta of 1.21. The stock has a 50 day simple moving average of $121.00 and a 200 day simple moving average of $117.35. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 30.02. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $136.02.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.09. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The business had revenue of $358.40 million during the quarter, compared to analysts’ expectations of $369.44 million. During the same period last year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts anticipate that Choice Hotels International, Inc. will post 6.45 earnings per share for the current year.

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.98%. Choice Hotels International’s dividend payout ratio (DPR) is presently 22.73%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CHH. StockNews.com cut Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Truist Financial raised their price objective on Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Barclays raised their price objective on Choice Hotels International from $114.00 to $119.00 and gave the company an “underweight” rating in a research report on Wednesday, February 21st. Robert W. Baird reaffirmed an “outperform” rating and issued a $138.00 price objective on shares of Choice Hotels International in a research report on Monday, January 22nd. Finally, Jefferies Financial Group raised Choice Hotels International from an “underperform” rating to a “buy” rating and raised their price objective for the company from $96.00 to $156.00 in a research report on Monday, March 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Choice Hotels International presently has a consensus rating of “Hold” and an average target price of $131.40.

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.