Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 65.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,842 shares of the company's stock after selling 144,595 shares during the period. Price T Rowe Associates Inc. MD owned 0.16% of Choice Hotels International worth $10,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHH. Raymond James Financial Inc. acquired a new stake in Choice Hotels International during the fourth quarter valued at approximately $48,201,000. JPMorgan Chase & Co. boosted its holdings in Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock valued at $52,419,000 after purchasing an additional 111,903 shares in the last quarter. Norges Bank bought a new position in shares of Choice Hotels International during the 4th quarter worth approximately $15,354,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Choice Hotels International in the 4th quarter worth about $10,779,000. Finally, Invesco Ltd. increased its position in shares of Choice Hotels International by 85.5% during 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 in the last quarter. Hedge funds and other institutional investors own 65.57% of the company's stock.

Choice Hotels International Stock Down 3.3 %

NYSE CHH traded down $4.20 during trading on Thursday, hitting $121.58. The stock had a trading volume of 214,143 shares, compared to its average volume of 396,554. The company has a market capitalization of $5.68 billion, a PE ratio of 19.52, a PEG ratio of 1.90 and a beta of 1.00. The firm has a 50 day moving average price of $129.35 and a 200 day moving average price of $139.64. Choice Hotels International, Inc. has a twelve month low of $109.22 and a twelve month high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.07). Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. During the same quarter last year, the business posted $1.28 EPS. Choice Hotels International's quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts anticipate that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.95%. Choice Hotels International's payout ratio is 18.46%.

Analyst Upgrades and Downgrades

CHH has been the topic of several research analyst reports. Truist Financial increased their target price on Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a report on Friday, March 21st. Barclays cut their target price on Choice Hotels International from $132.00 to $111.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Susquehanna boosted their price target on shares of Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Jefferies Financial Group cut their target price on shares of Choice Hotels International from $154.00 to $133.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Bank of America boosted their price target on Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $135.69.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total transaction of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares of the company's stock, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the completion of 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 disclosure for this sale can be found here. 24.02% of the stock is owned by insiders.

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.