Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 56.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 484,501 shares of the company's stock after selling 637,001 shares during the period. Wellington Management Group LLP owned 1.04% of Choice Hotels International worth $68,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Choice Hotels International during the fourth quarter worth about $48,201,000. Balyasny Asset Management L.P. lifted its stake in shares of Choice Hotels International by 69.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 292,836 shares of the company's stock valued at $41,577,000 after purchasing an additional 120,376 shares during the period. Norges Bank acquired a new position in shares of Choice Hotels International in the fourth quarter worth about $15,354,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Choice Hotels International in the fourth quarter worth about $10,779,000. Finally, Invesco Ltd. raised its holdings in Choice Hotels International by 85.5% in the 4th quarter. Invesco Ltd. now owns 134,188 shares of the company's stock worth $19,052,000 after purchasing an additional 61,849 shares during the period. 65.57% of the stock is owned by hedge funds and other institutional investors.

Choice Hotels International Stock Up 0.1%

Shares of CHH traded up $0.10 during midday trading on Friday, reaching $127.02. The company had a trading volume of 468,586 shares, compared to its average volume of 392,883. Choice Hotels International, Inc. has a 1-year low of $110.81 and a 1-year high of $157.86. The stock has a market cap of $5.89 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.00. The firm has a 50 day simple moving average of $126.78 and a 200-day simple moving average of $138.16.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $1.34 earnings per share (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 analyst estimates of $348.52 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The firm's quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 EPS. As a group, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Tuesday, July 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Tuesday, July 1st. Choice Hotels International's payout ratio is 17.56%.

Analyst Ratings Changes

A number of research firms recently weighed in on CHH. Truist Financial reduced their price target on Choice Hotels International from $144.00 to $128.00 and set a "hold" rating for the company in a report on Friday. Wells Fargo & Company reduced their target price on 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. Susquehanna set a $140.00 price objective on shares of Choice Hotels International and gave the stock a "neutral" rating in a research report on Friday, May 16th. Morgan Stanley reduced their price objective on shares of 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. Finally, Redburn Atlantic upgraded shares of Choice Hotels International from a "sell" rating to a "neutral" rating and set a $132.00 price target for the company in a research report on Monday, March 24th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Choice Hotels International currently has an average rating of "Hold" and an average price target of $132.15.

Insider Buying and Selling

In related news, Director Ervin R. Shames sold 2,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $129.56, for a total transaction of $259,120.00. Following the completion of the transaction, the director now directly owns 52,212 shares of the company's stock, valued at $6,764,586.72. The trade was a 3.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business's 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 transaction, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at $4,622,821.60. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 23.78% of the company's stock.

Choice Hotels International Company Profile

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.