Mutual of America Capital Management LLC sells 1,045 shares of Choice Hotels International, Inc. (NYSE: CHH)

Mutual of America Capital Management LLC reduced its position in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,682 shares of the company’s stock after selling 1,045 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Choice Hotels International were worth $1,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their positions in CHH. Balyasny Asset Management LP raised its position in Choice Hotels International by 144.2% in the fourth quarter. Balyasny Asset Management LP now owns 939,114 shares of the company’s stock valued at $106,402,000 after acquiring an additional 554,479 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Choice Hotels International by 7.7% in the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company’s stock valued at $345,957,000 after purchasing an additional 195,956 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Choice Hotels International by 917.2% in the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company’s stock valued at $19,254,000 after buying an additional 145,893 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Choice Hotels International by 51.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company’s stock worth $31,767,000 after purchasing an additional 90,765 shares during the last quarter. Finally, Norden Group LLC lifted its stake in Choice Hotels International by 2,171.1% in the first quarter. Norden Group LLC now owns 55,664 shares of the company’s stock valued at $7,033,000 after buying an additional 53,213 shares during the last quarter. Institutional investors own 65.57% of the company’s shares.

Insiders place their bets

In other news, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, CEO Patrick Pacious sold 10,025 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 404,666 shares of the company’s stock, valued at approximately $48,709,646.42. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Also, SVP Simone Wu sold 7,840 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the sale, the senior vice president now directly owns 45,669 shares of the company’s stock, valued at approximately $5,940,623.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,241 shares of company stock worth $5,517,383. Corporate insiders own 24.02% of the company’s shares.

Choice Hotels International Trading Up 2.5%

NYSE:CHH opened at $132.45 on Friday. Choice Hotels International, Inc. it has a 52 week low of $108.91 and a 52 week high of $134.44. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.99, and a current ratio of 0.99. The company’s fifty-day moving average is $125.69, and its 200-day moving average is $122.05. The firm has a market cap of $6.25 billion, a P/E ratio of 28.42, a P/E/G ratio of 2.17 and a beta of 1.25.

Choice Hotels International (NYSE:CHH – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.02). The business had revenue of $435.20 million for the quarter, compared to analyst estimates of $438.29 million. Choice Hotels International had a negative return on equity of 3,953.67% and a net margin of 15.42%. The company’s revenue rose 1.8% year-over-year. In the same quarter last year, the business posted earnings of $1.75 per share. Equities analysts expect that Choice Hotels International, Inc. to post 6.38 earnings per share for the current year.

Choice Hotels International announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st will be given a $0.2875 dividend. This represents an annualized dividend of $1.15 and a yield of 0.87%. The ex-dividend date is Tuesday, October 1st. Choice Hotels International’s dividend payout ratio (DPR) is currently 24.68%.

Analysts on Wall Street are forecasting an increase

CHH has been the subject of a number of research reports. Truist Financial cut their price target on shares of Choice Hotels International from $144.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Susquehanna began coverage on Choice Hotels International in a research report on Friday, June 21st. They set a “neutral” rating and a $125.00 price objective on the stock. JPMorgan Chase & Co. downgraded Choice Hotels International from a “neutral” rating to an “underweight” rating and set a $120.00 target price for the company. in a research report on Friday, July 19th. UBS Group cut their price target on Choice Hotels International from $126.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, StockNews.com lowered shares of Choice Hotels International from a “hold” rating to a “sell” rating in a report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $125.64, according to MarketBeat.

See the latest stock report on CHH

Choice 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 the Franchising & Hotel Management and Corporate & Other segments. The company franchises lodging properties under the brands 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.

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