Choice Hotels International, Inc. $CHH Shares Bought by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lifted its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 14,516.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,062 shares of the company’s stock after purchasing an additional 9,000 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Choice Hotels International were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CHH. AGF Management Ltd. boosted its position in Choice Hotels International by 19.6% during the 3rd quarter. AGF Management Ltd. now owns 27,470 shares of the company’s stock valued at $2,937,000 after purchasing an additional 4,500 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Choice Hotels International in the third quarter valued at $100,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Choice Hotels International during the third quarter valued at $1,796,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Choice Hotels International by 10.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 2,599 shares of the company’s stock worth $278,000 after acquiring an additional 241 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. increased its holdings in shares of Choice Hotels International by 133.1% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 18,939 shares of the company’s stock worth $2,025,000 after acquiring an additional 10,813 shares during the period. Institutional investors own 65.57% of the company’s stock.

Choice Hotels International Stock Performance

Shares of NYSE CHH opened at $107.70 on Thursday. Choice Hotels International, Inc. has a 1 year low of $84.04 and a 1 year high of $157.86. The firm has a market cap of $4.98 billion, a P/E ratio of 13.23, a PEG ratio of 8.15 and a beta of 0.76. The stock has a fifty day moving average price of $98.19 and a two-hundred day moving average price of $105.64. The company has a debt-to-equity ratio of 12.81, a quick ratio of 0.96 and a current ratio of 0.96.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.18 by ($0.08). Choice Hotels International had a return on equity of 9,081.29% and a net margin of 23.93%.The firm had revenue of $278.00 million during the quarter, compared to the consensus estimate of $419.75 million. During the same period in the prior year, the firm posted $2.23 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, January 2nd. Choice Hotels International’s dividend payout ratio is presently 14.13%.

Analyst Upgrades and Downgrades

CHH has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Choice Hotels International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, January 23rd. Argus reissued a “hold” rating on shares of Choice Hotels International in a report on Tuesday, December 16th. Barclays lowered their target price on Choice Hotels International from $99.00 to $98.00 and set an “underweight” rating on the stock in a research report on Friday, January 16th. Robert W. Baird reduced their price target on Choice Hotels International from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Finally, Susquehanna lowered their price target on Choice Hotels International from $140.00 to $95.00 and set a “neutral” rating on the stock in a report on Wednesday, November 26th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $109.15.

Insiders Place Their Bets

In other news, SVP Simone Wu sold 8,080 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $101.56, for a total transaction of $820,604.80. Following the completion of the transaction, the senior vice president owned 48,803 shares in the company, valued at approximately $4,956,432.68. This trade represents a 14.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 23.78% of the company’s stock.

About Choice Hotels International

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.