Crestline Management LP Has $3.57 Million Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Crestline Management LP increased its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 63.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,144 shares of the company’s stock after acquiring an additional 9,781 shares during the quarter. Crestline Management LP owned 0.05% of Choice Hotels International worth $3,570,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Pictet Asset Management Holding SA lifted its position in shares of Choice Hotels International by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company’s stock worth $506,000 after purchasing an additional 74 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Choice Hotels International by 0.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company’s stock worth $1,838,000 after acquiring an additional 76 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after purchasing an additional 86 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Choice Hotels International by 4.5% during the fourth quarter. Captrust Financial Advisors now owns 2,069 shares of the company’s stock worth $294,000 after buying an additional 90 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of Choice Hotels International by 5.5% in the fourth quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company’s stock valued at $300,000 after acquiring an additional 110 shares during the period. Hedge funds and other institutional investors own 65.57% of the company’s stock.

Choice Hotels International Price Performance

Shares of CHH opened at $125.69 on Wednesday. The company has a market capitalization of $5.87 billion, a P/E ratio of 20.18, a PEG ratio of 1.90 and a beta of 1.00. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The business’s 50 day simple moving average is $129.70 and its 200-day simple moving average is $139.74.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The business had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. On average, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.2875 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.91%. Choice Hotels International’s payout ratio is currently 18.46%.

Insider Activity

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares of the company’s stock, valued at approximately $4,622,821.60. The trade was a 5.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dominic Dragisich sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares of the company’s stock, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CHH has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price objective on shares of Choice Hotels International from $154.00 to $133.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Robert W. Baird raised their price objective on Choice Hotels International from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group upgraded Choice Hotels International from a “sell” rating to a “buy” rating and lowered their price objective for the company from $141.00 to $138.00 in a research report on Monday, April 14th. Redburn Atlantic raised Choice Hotels International from a “sell” rating to a “neutral” rating and set a $132.00 target price for the company in a research report on Monday, March 24th. Finally, Truist Financial boosted their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the company a “hold” rating in a report on Friday, March 21st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $135.69.

About Choice Hotels International

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.