Norden Group LLC Cuts Stock Holdings in Choice Hotels International, Inc. (NYSE:CHH)

Norden Group LLC lowered its position in Choice Hotels International, Inc. (NYSE:CHH) by 58.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,451 shares of the company’s stock after selling 3,507 shares during the period. Norden Group LLC’s holdings in Choice Hotels International were worth $278,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in Choice Hotels International by 6.1% during the third quarter. Commonwealth Equity Services LLC now owns 14,041 shares of the company’s stock worth $1,720,000 after acquiring an additional 802 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Choice Hotels International in the third quarter worth about $200,000. Raymond James & Associates boosted its stake in Choice Hotels International by 2.8% in the third quarter. Raymond James & Associates now owns 218,230 shares of the company’s stock valued at $26,735,000 after acquiring an additional 5,971 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Choice Hotels International by 9.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,521 shares of the company’s stock valued at $799,000 after acquiring an additional 553 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in shares of Choice Hotels International during the 3rd quarter worth approximately $234,000. 65.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Jefferies Financial Group raised 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 report on Monday, March 11th. StockNews.com lowered Choice Hotels International from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Barclays dropped their price target on shares of Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, April 19th. Robert W. Baird reduced their price target on Choice Hotels International from $140.00 to $137.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Finally, Truist Financial raised their target price on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $130.80.

Choice Hotels International Trading Up 0.7 %

Shares of Choice Hotels International stock opened at $119.12 on Thursday. The company has a debt-to-equity ratio of 30.02, a current ratio of 0.31 and a quick ratio of 0.31. Choice Hotels International, Inc. has a 1 year low of $108.91 and a 1 year high of $136.02. The firm has a market cap of $5.92 billion, a PE ratio of 23.54, a PEG ratio of 1.92 and a beta of 1.21. The company has a 50 day simple moving average of $120.89 and a two-hundred day simple moving average of $117.09.

Choice Hotels International (NYSE:CHH) last issued its earnings results on Tuesday, February 20th. The company reported $1.44 EPS 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 company had revenue of $358.40 million for the quarter, compared to analysts’ expectations of $369.44 million. During the same quarter last year, the company earned $1.26 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Choice Hotels International, Inc. will post 6.46 earnings per share for the current fiscal year.

Choice Hotels International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Tuesday, April 2nd were paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Monday, April 1st. Choice Hotels International’s payout ratio is 22.73%.

Choice Hotels International 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.