20,876 Shares in Choice Hotels International, Inc. (NYSE:CHH) Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,876 shares of the company's stock, valued at approximately $2,947,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Choice Hotels International by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock worth $39,634,000 after purchasing an additional 2,725 shares in the last quarter. Twelve Points Wealth Management LLC bought a new stake in Choice Hotels International in the 4th quarter worth about $879,000. OFI Invest Asset Management purchased a new position in Choice Hotels International in the 4th quarter worth about $2,258,000. Congress Asset Management Co. raised its position in Choice Hotels International by 17.3% in the 4th quarter. Congress Asset Management Co. now owns 82,131 shares of the company's stock worth $11,661,000 after buying an additional 12,128 shares during the last quarter. Finally, KBC Group NV raised its position in Choice Hotels International by 3,087.2% in the 4th quarter. KBC Group NV now owns 21,195 shares of the company's stock worth $3,009,000 after buying an additional 20,530 shares during the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the completion of the transaction, the executive vice president now directly owns 68,913 shares of the company's stock, valued at approximately $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the transaction, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 24.02% of the company's stock.

Choice Hotels International Trading Up 0.8 %

Choice Hotels International stock opened at $126.78 on Wednesday. The firm has a 50 day moving average of $131.78 and a 200 day moving average of $140.00. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 1.90 and a beta of 1.08. Choice Hotels International, Inc. has a 12-month low of $109.22 and a 12-month high of $157.86.

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

Choice Hotels International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Tuesday, April 1st. Choice Hotels International's dividend payout ratio (DPR) is currently 18.46%.

Analyst Ratings Changes

A number of brokerages have weighed in on CHH. Bank of America boosted their target price on Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Morgan Stanley decreased their target price on Choice Hotels International from $124.00 to $115.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group decreased their target price on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their target price on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research report on Tuesday, March 4th. Finally, Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price objective on the stock in a research note on Monday, March 24th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $135.69.

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.

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