Everpar Advisors LLC Has $311,000 Stock Position in Choice Hotels International, Inc. (NYSE:CHH)

Everpar Advisors LLC reduced its position in shares of Choice Hotels International, Inc. (NYSE:CHH) by 9.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,344 shares of the company’s stock after selling 251 shares during the period. Everpar Advisors LLC’s holdings in Choice Hotels International were worth $311,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Choice Hotels International by 66.2% during the first quarter. UMB Bank n.a. now owns 256 shares of the company’s stock worth $34,000 after buying an additional 102 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Choice Hotels International by 30.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company’s stock worth $52,000 after buying an additional 86 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company’s stock worth $61,000 after buying an additional 154 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Choice Hotels International by 836.2% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company’s stock worth $62,000 after buying an additional 393 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Choice Hotels International during the fourth quarter worth $62,000. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Choice Hotels International from a “sell” rating to a “buy” rating and lowered their price target for the stock from $141.00 to $138.00 in a report on Monday, April 14th. Wells Fargo & Company lowered their price target on shares of Choice Hotels International from $138.00 to $137.00 and set an “underweight” rating for the company in a report on Tuesday, March 4th. Jefferies Financial Group lowered their price target on shares of Choice Hotels International from $154.00 to $133.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Susquehanna set a $140.00 price target on shares of Choice Hotels International and gave the stock a “neutral” rating in a report on Friday, May 16th. Finally, Morgan Stanley reduced their price objective on shares of Choice Hotels International from $124.00 to $115.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Choice Hotels International has an average rating of “Hold” and an average price target of $132.15.

Choice Hotels International Trading Down 3.0%

Shares of CHH opened at $124.36 on Friday. The stock has a market capitalization of $5.77 billion, a P/E ratio of 19.96, a price-to-earnings-growth ratio of 1.90 and a beta of 0.97. The firm’s fifty day simple moving average is $126.53 and its two-hundred day simple moving average is $136.66. Choice Hotels International, Inc. has a 12 month low of $114.58 and a 12 month high of $157.86.

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

Choice Hotels International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.92%. Choice Hotels International’s dividend payout ratio (DPR) is currently 17.56%.

Insider Buying and Selling at Choice Hotels International

In other news, Director Ervin R. Shames sold 2,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.56, for a total transaction of $259,120.00. Following the transaction, the director now owns 52,212 shares of the company’s stock, valued at $6,764,586.72. This represents a 3.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 23.78% of the company’s stock.

About Choice Hotels International

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.