Kayne Anderson Rudnick Investment Management LLC lessened its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,956,244 shares of the company's stock after selling 360,074 shares during the quarter. Choice Hotels International accounts for approximately 1.3% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 24th biggest position. Kayne Anderson Rudnick Investment Management LLC owned approximately 8.43% of Choice Hotels International worth $561,708,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. CIBC Private Wealth Group LLC boosted its holdings in shares of Choice Hotels International by 30.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock valued at $52,000 after acquiring an additional 86 shares during the last quarter. Anchor Investment Management LLC bought a new stake in Choice Hotels International in the 3rd quarter worth approximately $55,000. Tortoise Investment Management LLC raised its stake in Choice Hotels International by 55.8% during the 4th quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock valued at $61,000 after buying an additional 154 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Choice Hotels International by 836.2% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock valued at $62,000 after buying an additional 393 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Choice Hotels International in the fourth quarter worth $62,000. Institutional investors own 65.57% of the company's stock.
Insider Transactions 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 stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the sale, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 24.02% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on CHH. The Goldman Sachs Group raised Choice Hotels International from a "sell" rating to a "buy" rating and dropped their target price for the stock from $141.00 to $138.00 in a research report on Monday, April 14th. Bank of America upped their target price on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a report on Monday, January 27th. Barclays dropped their price target on shares of Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating on the stock in a research note on Tuesday. Susquehanna upped their price objective on Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their target price on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 4th. Four 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.com, Choice Hotels International currently has an average rating of "Hold" and a consensus price target of $135.69.
Check Out Our Latest Report on CHH
Choice Hotels International Stock Performance
Shares of NYSE:CHH traded down $1.13 on Friday, reaching $125.06. The company's stock had a trading volume of 83,225 shares, compared to its average volume of 402,828. The company has a 50-day simple moving average of $133.20 and a 200 day simple moving average of $140.08. Choice Hotels International, Inc. has a 52-week low of $109.22 and a 52-week high of $157.86. The company has a market cap of $5.84 billion, a P/E ratio of 20.07, a PEG ratio of 1.90 and a beta of 1.08.
Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The company had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.
Choice Hotels International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st were paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, April 1st. Choice Hotels International's dividend payout ratio is currently 18.46%.
Choice Hotels International Profile
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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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