AdvisorShares Investments LLC bought a new stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,900 shares of the company's stock, valued at approximately $696,000.
Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Choice Hotels International by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock valued at $39,634,000 after purchasing an additional 2,725 shares during the period. Twelve Points Wealth Management LLC purchased a new stake in Choice Hotels International in the fourth quarter valued at approximately $879,000. OFI Invest Asset Management purchased a new stake in Choice Hotels International in the fourth quarter valued at approximately $2,258,000. Congress Asset Management Co. grew its holdings in Choice Hotels International by 17.3% in the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company's stock valued at $11,661,000 after purchasing an additional 12,128 shares during the period. Finally, KBC Group NV grew its holdings in Choice Hotels International by 3,087.2% in the fourth quarter. KBC Group NV now owns 21,195 shares of the company's stock valued at $3,009,000 after purchasing an additional 20,530 shares during the period. 65.57% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. StockNews.com downgraded shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Susquehanna boosted their price objective on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research note on Tuesday, March 4th. Finally, Robert W. Baird boosted their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Four equities 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $135.69.
Get Our Latest Report on CHH
Insider Activity at Choice Hotels International
In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the 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 sale, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares in the company, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by corporate insiders.
Choice Hotels International Stock Performance
Shares of CHH stock traded down $0.31 on Thursday, hitting $125.80. The stock had a trading volume of 449,100 shares, compared to its average volume of 399,389. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.90 and a beta of 1.08. The stock's 50 day moving average is $130.80 and its 200-day moving average is $139.84. Choice Hotels International, Inc. has a 52-week low of $109.22 and a 52-week high of $157.86.
Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. Equities analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.
Choice Hotels International Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st were issued a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.15 annualized dividend and a yield of 0.91%. Choice Hotels International's dividend payout ratio is presently 18.46%.
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 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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