Atria Investments Inc Has $2.60 Million Position in Choice Hotels International, Inc. (NYSE:CHH)

Atria Investments Inc increased its stake in Choice Hotels International, Inc. (NYSE:CHH) by 22.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,953 shares of the company’s stock after buying an additional 3,623 shares during the quarter. Atria Investments Inc’s holdings in Choice Hotels International were worth $2,600,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Choice Hotels International by 144.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after buying an additional 117 shares during the period. Blue Trust Inc. raised its holdings in shares of Choice Hotels International by 307.4% during the 2nd quarter. Blue Trust Inc. now owns 220 shares of the company’s stock worth $28,000 after buying an additional 166 shares in the last quarter. Covestor Ltd boosted its stake in shares of Choice Hotels International by 163.2% in the 1st quarter. Covestor Ltd now owns 229 shares of the company’s stock valued at $29,000 after purchasing an additional 142 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of Choice Hotels International by 129.4% during the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company’s stock worth $30,000 after buying an additional 141 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Choice Hotels International by 1,146.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company’s stock worth $47,000 after purchasing an additional 367 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP Simone Wu sold 7,840 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total value of $1,019,827.20. Following the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. This represents a 14.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick Pacious sold 10,025 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $120.37, for a total transaction of $1,206,709.25. Following the sale, the chief executive officer now owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. This represents a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,437 shares of company stock valued at $9,788,980 over the last three months. 24.02% of the stock is owned by company insiders.

Choice Hotels International Stock Down 0.4 %

CHH stock opened at $144.22 on Friday. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $149.75. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a market capitalization of $6.76 billion, a PE ratio of 27.63, a PEG ratio of 2.28 and a beta of 1.24. The stock has a 50-day simple moving average of $133.93 and a two-hundred day simple moving average of $125.35.

Choice Hotels International (NYSE:CHH) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a net margin of 16.27% and a negative return on equity of 659.01%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.82 EPS. On average, equities analysts predict that Choice Hotels International, Inc. will post 6.82 EPS for the current fiscal year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Tuesday, October 1st were given a dividend of $0.2875 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.80%. Choice Hotels International’s payout ratio is 22.03%.

Wall Street Analyst Weigh In

CHH has been the subject of a number of analyst reports. StockNews.com upgraded Choice Hotels International from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. Susquehanna boosted their price objective on Choice Hotels International from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on Choice Hotels International from $105.00 to $118.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Jefferies Financial Group cut shares of Choice Hotels International from a “buy” rating to a “hold” rating and set a $150.00 price target on the stock. in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their target price on Choice Hotels International from $138.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Choice Hotels International presently has an average rating of “Hold” and an average price target of $130.00.

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.