Institute for Wealth Management LLC. Has $571,000 Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Institute for Wealth Management LLC. increased its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,036 shares of the company’s stock after acquiring an additional 337 shares during the period. Institute for Wealth Management LLC.’s holdings in Choice Hotels International were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Choice Hotels International by 4.4% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,162,038 shares of the company’s stock worth $264,871,000 after acquiring an additional 91,351 shares in the last quarter. International Assets Investment Management LLC bought a new position in Choice Hotels International in the 4th quarter valued at approximately $24,000,000. Boston Trust Walden Corp lifted its stake in Choice Hotels International by 8.3% in the 3rd quarter. Boston Trust Walden Corp now owns 1,015,844 shares of the company’s stock valued at $124,451,000 after purchasing an additional 78,115 shares during the last quarter. Jump Financial LLC lifted its stake in Choice Hotels International by 144.9% in the 3rd quarter. Jump Financial LLC now owns 33,207 shares of the company’s stock valued at $4,068,000 after purchasing an additional 19,649 shares during the last quarter. Finally, UBS Group AG lifted its stake in Choice Hotels International by 34.7% in the 3rd quarter. UBS Group AG now owns 39,539 shares of the company’s stock valued at $4,844,000 after purchasing an additional 10,193 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Choice Hotels International Price Performance

Shares of NYSE CHH opened at $116.35 on Friday. Choice Hotels International, Inc. has a twelve month low of $108.91 and a twelve month high of $136.02. The firm has a fifty day simple moving average of $120.80 and a 200 day simple moving average of $117.31. The company has a market capitalization of $5.78 billion, a PE ratio of 22.99, a P/E/G ratio of 2.00 and a beta of 1.21. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 30.02.

Choice Hotels International (NYSE:CHH) last announced its earnings results on Tuesday, February 20th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.09. Choice Hotels International had a net margin of 16.74% and a return on equity of 594.23%. The business had revenue of $358.40 million during the quarter, compared to the consensus estimate of $369.44 million. During the same quarter last year, the firm earned $1.26 earnings per share. Choice Hotels International’s quarterly revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts forecast that Choice Hotels International, Inc. will post 6.45 EPS for the current year.

Choice Hotels International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Tuesday, April 2nd were issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date was Monday, April 1st. Choice Hotels International’s payout ratio is 22.73%.

Analysts Set New Price Targets

CHH has been the subject of several research reports. Truist Financial increased their price objective on shares of Choice Hotels International from $142.00 to $146.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Jefferies Financial Group raised shares of Choice Hotels International from an “underperform” rating to a “buy” rating and increased their price objective for the company from $96.00 to $156.00 in a research note on Monday, March 11th. Barclays dropped 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 note on Friday. Robert W. Baird reissued an “outperform” rating and issued a $138.00 price objective on shares of Choice Hotels International in a research note on Monday, January 22nd. Finally, StockNews.com downgraded shares of Choice Hotels International from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and an average target price of $130.90.

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.