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Raymond James Financial Services Advisors Inc. has a $439,000 equity position in Choice Hotels International, Inc. (NYSE:CHH)

Vaseline 1 month ago


Raymond James Financial Services Advisors Inc. has acquired its position in Choice Hotels International, Inc. (NYSE:CHH – Free Report) increased 19.2% in the fourth quarter, the company said in its most recent Form 13F filing with the Securities & Exchange Commission. . The company owned 3,870 shares of the company, after purchasing an additional 623 shares during the quarter. The interests of Raymond James Financial Services Advisors Inc. in Choice Hotels International were worth $439,000 as of the most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHH. Benjamin Edwards Inc. acquired a new stake in Choice Hotels International in the second quarter worth approximately $27,000. Dark Forest Capital Management LP acquired a new position in shares of Choice Hotels International during the first quarter worth approximately $28,000. Itau Unibanco Holding SA acquired a new position in shares of Choice Hotels International during the second quarter valued at approximately $52,000. Captrust Financial Advisors increased its position in shares of Choice Hotels International by 28.0% in the second quarter. Captrust Financial Advisors now owns 599 shares of the company’s stock worth $67,000 after purchasing an additional 131 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Choice Hotels International by 42.2% during the third quarter. Fifth Third Bancorp now owns 566 shares of the company’s stock worth $69,000 after purchasing an additional 168 shares during the period. 65.57% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

Several stock analysts have recently released reports on the company. Barclays lowered its price target on Choice Hotels International from $122.00 to $114.00 and set an “underweight” rating for the company in a research report on Friday. Robert W. Baird reiterated an “outperform” rating and set a $138.00 target price on shares of Choice Hotels International in a research report on Monday, January 22. StockNews.com downgraded Choice Hotels International from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Truist Financial raised their price target on Choice Hotels International from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Thursday, March 14. Finally, Jefferies Financial Group upgraded 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 report on Monday, March 11. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Choice Hotels International has a consensus rating of “Hold” and an average price target of $130.90.

View our latest stock report on Choice Hotels International

Choice Hotels International trade fell 0.6%

NYSE CHH opened at $116.35 on Friday. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 2.00 and a beta of 1.21. The stock’s 50-day moving average price is $120.80 and its two-hundred-day moving average price is $117.30. The company has a debt-to-equity ratio of 30.02, a quick ratio of 0.31 and a current ratio of 0.31. Choice Hotels International, Inc. has a 52-week low of $108.91 and a 52-week high of $136.02.

Choice Hotels International (NYSE:CHH – Get Free Report) last reported its earnings results on Tuesday, February 20. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.09. The company had revenue of $358.40 million for the quarter, compared to analyst expectations of $369.44 million. Choice Hotels International had a return on equity of 594.23% and a net margin of 16.74%. The company’s quarterly revenue decreased 1.0% compared to the same quarter last year. During the same quarter of the previous year, the company posted earnings per share of $1.26. As a group, analysts expect Choice Hotels International, Inc. will record a profit per share of 6.45 for the current financial year.

Choice Hotels International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 17. A dividend of $0.2875 was paid to known shareholders on Tuesday, April 2. This represents a dividend of $1.15 annually and a yield of 0.99%. The ex-dividend date was Monday, April 1. Choice Hotels International’s payout percentage is 22.73%.

About Choice Hotels International

(Free report)

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through the Hotel Franchising & Management and Corporate & Other segments. The company franchises properties under the brands 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.

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Would you like to see which other hedge funds own CHH? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Choice Hotels International, Inc. (NYSE:CHH – Free Report).

Quarterly Institutional Ownership for Choice Hotels International (NYSE:CHH)



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