New York State Common Retirement Fund Sells 2,000 Shares of Choice Hotels International, Inc. (NYSE:CHH)

5 March, 2025 1 category

New York State Common Retirement Fund decreased its holdings in Choice Hotels International, Inc. (NYSE:CHH – Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,851 shares of the company’s stock after selling 2,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Choice Hotels International were worth $2,109,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CHH. Anchor Investment Management LLC purchased a new stake in shares of Choice Hotels International in the third quarter valued at about $55,000. Quarry LP purchased a new stake in Choice Hotels International in the 3rd quarter valued at about $63,000. SG Americas Securities LLC bought a new position in shares of Choice Hotels International during the 4th quarter worth approximately $125,000. Maryland Capital Advisors Inc. bought a new position in shares of Choice Hotels International during the 4th quarter worth approximately $143,000. Finally, Trust Co. of Vermont boosted its stake in shares of Choice Hotels International by 34.0% in the 4th quarter. Trust Co. of Vermont now owns 1,045 shares of the company’s stock worth $148,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares in the company, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 24.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CHH. Bank of America lifted their price target on Choice Hotels International from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Susquehanna boosted their price target on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Barclays raised their price objective on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an “underweight” rating in a report on Friday, February 21st. Jefferies Financial Group boosted their target price on shares of Choice Hotels International from $150.00 to $152.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a “sell” rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $140.67.

View Our Latest Stock Report on CHH

Choice Hotels International Price Performance

Shares of NYSE:CHH traded down $2.12 during trading on Wednesday, hitting $142.28. 110,849 shares of the company were exchanged, compared to its average volume of 432,531. The company has a market cap of $6.65 billion, a PE ratio of 22.86, a P/E/G ratio of 1.90 and a beta of 1.23. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $157.86. The stock has a 50 day moving average of $145.61 and a 200 day moving average of $139.78.

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

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 18.46%.

Choice Hotels International 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.