Vestcor Inc acquired a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,436 shares of the company's stock, valued at approximately $488,000.
Other institutional investors have also made changes to their positions in the company. Boston Trust Walden Corp increased its holdings in Choice Hotels International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 949,586 shares of the company's stock worth $134,822,000 after buying an additional 9,490 shares during the last quarter. JPMorgan Chase & Co. increased 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 worth $52,419,000 after buying an additional 111,903 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Choice Hotels International during the fourth quarter worth $48,201,000. Charles Schwab Investment Management Inc. increased its holdings in Choice Hotels International by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock worth $39,634,000 after buying an additional 2,725 shares during the last quarter. Finally, Erste Asset Management GmbH acquired a new position in Choice Hotels International during the third quarter worth $19,545,000. Institutional investors own 65.57% of the company's stock.
Insider Buying and Selling at Choice Hotels International
In other news, EVP Dominic Dragisich sold 3,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 68,913 shares of the company's stock, valued at $10,219,797.90. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 24.02% of the company's stock.
Choice Hotels International Stock Performance
Shares of Choice Hotels International stock traded down $1.78 on Thursday, hitting $130.08. The stock had a trading volume of 374,823 shares, compared to its average volume of 408,610. The stock has a 50 day moving average of $144.36 and a 200 day moving average of $140.44. Choice Hotels International, Inc. has a twelve month low of $109.22 and a twelve month high of $157.86. The firm has a market capitalization of $6.08 billion, a P/E ratio of 20.88, a PEG ratio of 1.90 and a beta of 1.25.
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 for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $389.77 million during the quarter, compared to the consensus estimate 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 Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International's dividend payout ratio is presently 18.46%.
Analyst Ratings Changes
Several research firms have commented on CHH. Barclays upped their price objective on shares of Choice Hotels International from $129.00 to $132.00 and gave the company an "underweight" rating in a report on Friday, February 21st. Robert W. Baird upped their price target on shares of Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Wells Fargo & Company decreased their price target on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley upped their price target on shares of Choice Hotels International from $131.00 to $139.00 and gave the company an "underweight" rating in a research note on Tuesday, March 4th. Finally, Jefferies Financial Group upped their price target on shares of Choice Hotels International from $150.00 to $152.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $140.67.
Get Our Latest Report on CHH
Choice Hotels International Profile
(
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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