Hsbc Holdings PLC Sells 13,099 Shares of Choice Hotels International, Inc. $CHH

Hsbc Holdings PLC trimmed its stake in shares of Choice Hotels International, Inc. (NYSE:CHH) by 75.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,363 shares of the company’s stock after selling 13,099 shares during the period. Hsbc Holdings PLC’s holdings in Choice Hotels International were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. bought a new position in shares of Choice Hotels International during the 4th quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new stake in shares of Choice Hotels International in the fourth quarter worth about $28,000. Fifth Third Bancorp lifted its position in shares of Choice Hotels International by 77.4% in the fourth quarter. Fifth Third Bancorp now owns 392 shares of the company’s stock worth $37,000 after buying an additional 171 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Choice Hotels International by 6,416.7% in the fourth quarter. UMB Bank n.a. now owns 391 shares of the company’s stock worth $37,000 after buying an additional 385 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Choice Hotels International in the third quarter worth about $38,000. 65.57% of the stock is currently owned by institutional investors.

Insider Activity at Choice Hotels International

In other news, CFO Scott E. Oaksmith sold 2,000 shares of Choice Hotels International stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $110.00, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer owned 35,172 shares in the company, valued at approximately $3,868,920. The trade was a 5.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 23.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHH shares. Barclays raised their price target on Choice Hotels International from $100.00 to $101.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Robert W. Baird set a $128.00 target price on Choice Hotels International in a research report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on Choice Hotels International from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised their target price on shares of Choice Hotels International from $98.00 to $99.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Finally, Morgan Stanley reduced their price target on shares of Choice Hotels International from $87.00 to $86.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $111.00.

Choice Hotels International Stock Up 0.1%

Shares of NYSE:CHH opened at $111.73 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 14.58. Choice Hotels International, Inc. has a 12 month low of $84.04 and a 12 month high of $129.88. The company has a 50-day moving average price of $110.84 and a 200 day moving average price of $108.28. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 4.43 and a beta of 0.67.

Choice Hotels International (NYSE:CHH) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.28). Choice Hotels International had a return on equity of 281.98% and a net margin of 21.55%.The company had revenue of $340.57 million during the quarter, compared to analysts’ expectations of $333.48 million. During the same quarter in the prior year, the business posted $1.34 EPS. The company’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts predict that Choice Hotels International, Inc. will post 7.14 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Choice Hotels International’s dividend payout ratio (DPR) is presently 15.50%.

About Choice Hotels International

Choice Hotels International, Inc is a hospitality franchisor specializing in the development and support of lodging brands across the economy, midscale and upscale segments. Through a network of franchisees, Choice Hotels supplies proprietary reservation and distribution systems, comprehensive marketing programs, and operational support services. The company’s core activities include brand management, franchise development, and technology-driven revenue optimization tools designed to enhance guest acquisition and retention for its partners.

Founded in 1939 as Quality Courts United, the company rebranded to Choice Hotels International in 1982 to reflect its expanding brand portfolio and global ambitions.