Central Pacific Bank Trust Division Invests $574,000 in Choice Hotels International, Inc. (NYSE:CHH)

Central Pacific Bank Trust Division purchased a new stake in Choice Hotels International, Inc. (NYSE:CHHFree Report) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 4,636 shares of the company’s stock, valued at approximately $574,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in shares of Choice Hotels International by 144.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 198 shares of the company’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. Vima LLC acquired a new position in Choice Hotels International in the fourth quarter worth about $36,000. Wetzel Investment Advisors Inc. bought a new stake in Choice Hotels International in the fourth quarter valued at about $45,000. Principal Securities Inc. acquired a new stake in Choice Hotels International during the fourth quarter valued at approximately $48,000. Finally, Eagle Bay Advisors LLC lifted its holdings in Choice Hotels International by 105.8% during the 4th quarter. Eagle Bay Advisors LLC now owns 885 shares of the company’s stock worth $100,000 after buying an additional 455 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, insider Robert J. Mcdowell sold 1,243 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $117.58, for a total value of $146,151.94. Following the completion of the sale, the insider now directly owns 38,502 shares in the company, valued at $4,527,065.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.02% of the company’s stock.

Choice Hotels International Stock Performance

Choice Hotels International stock traded up $0.35 during mid-day trading on Wednesday, hitting $118.99. 3,061 shares of the company’s stock traded hands, compared to its average volume of 544,397. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 177.75. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $136.02. The firm has a 50 day moving average price of $116.84 and a 200 day moving average price of $118.46. The company has a market cap of $5.73 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23.

Choice Hotels International (NYSE:CHHGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.13. The business had revenue of $331.90 million for the quarter, compared to analysts’ expectations of $343.04 million. Choice Hotels International had a net margin of 15.34% and a return on equity of 748.46%. The company’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. On average, equities analysts forecast that Choice Hotels International, Inc. will post 6.44 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Monday, July 1st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 24.68%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial lowered their price target on Choice Hotels International from $146.00 to $144.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Robert W. Baird lowered their target price on shares of Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Choice Hotels International from $128.00 to $112.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Barclays lowered their price objective on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday, April 19th. Finally, Susquehanna assumed coverage on shares of Choice Hotels International in a report on Friday, June 21st. They issued a “neutral” rating and a $125.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $129.09.

Read Our Latest Stock Analysis on Choice Hotels International

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 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.

See Also

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Institutional Ownership by Quarter for Choice Hotels International (NYSE:CHH)

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