Northern Trust Corp Has $37.95 Million Position in Choice Hotels International, Inc. (NYSE:CHH)

Northern Trust Corp raised its stake in Choice Hotels International, Inc. (NYSE:CHH) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,256 shares of the company’s stock after acquiring an additional 24,957 shares during the period. Northern Trust Corp’s holdings in Choice Hotels International were worth $37,945,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Choice Hotels International during the fourth quarter worth about $48,201,000. Norges Bank acquired a new position in shares of Choice Hotels International in the 4th quarter valued at approximately $15,354,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Choice Hotels International during the 4th quarter worth approximately $10,779,000. Invesco Ltd. increased its stake in Choice Hotels International by 85.5% in the fourth quarter. Invesco Ltd. now owns 134,188 shares of the company’s stock valued at $19,052,000 after acquiring an additional 61,849 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in Choice Hotels International by 154.8% during the fourth quarter. Quantbot Technologies LP now owns 41,078 shares of the company’s stock valued at $5,832,000 after purchasing an additional 24,955 shares in the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

Choice Hotels International Stock Up 1.9 %

Shares of NYSE:CHH opened at $123.57 on Friday. The firm has a market cap of $5.77 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.90 and a beta of 1.00. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86. The business has a fifty day simple moving average of $128.48 and a 200 day simple moving average of $139.45.

Choice Hotels International (NYSE:CHH) last issued its quarterly earnings data on Thursday, May 8th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.04). Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The company had revenue of $332.86 million for the quarter, compared to the consensus estimate of $348.52 million. During the same quarter last year, the business earned $1.28 earnings per share. Choice Hotels International’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Tuesday, April 1st. Choice Hotels International’s dividend payout ratio is currently 18.46%.

Analyst Upgrades and Downgrades

CHH has been the topic of a number of research analyst reports. Barclays reduced their target price on Choice Hotels International from $132.00 to $111.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. StockNews.com cut Choice Hotels International from a “buy” rating to a “hold” rating in a research report on Saturday, March 15th. Truist Financial increased their target price on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a “hold” rating in a report on Friday, March 21st. Susquehanna lifted their price target on shares of Choice Hotels International from $130.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group raised shares of Choice Hotels International from a “sell” rating to a “buy” rating and dropped their price objective for the company from $141.00 to $138.00 in a research note on Monday, April 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $135.69.

Insider Buying and Selling

In other news, EVP Dominic Dragisich sold 3,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 68,913 shares of the company’s stock, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.78% of the stock is owned by insiders.

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.