Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,115 shares of the company's stock after purchasing an additional 3,563 shares during the quarter. California Public Employees Retirement System owned 0.10% of Choice Hotels International worth $6,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pictet Asset Management Holding SA increased its stake in Choice Hotels International by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,562 shares of the company's stock worth $506,000 after buying an additional 74 shares during the period. Commonwealth Equity Services LLC increased its position in shares of Choice Hotels International by 0.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 12,944 shares of the company's stock worth $1,838,000 after acquiring an additional 76 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Choice Hotels International by 5.5% in the fourth quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company's stock worth $300,000 after acquiring an additional 110 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Choice Hotels International by 55.8% in the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after acquiring an additional 154 shares in the last quarter. Finally, Norden Group LLC boosted its holdings in Choice Hotels International by 5.2% in the fourth quarter. Norden Group LLC now owns 4,500 shares of the company's stock valued at $639,000 after purchasing an additional 223 shares during the last quarter. 65.57% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

CHH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research report on Friday, December 13th. Truist Financial upped their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the company a "hold" rating in a report on Friday, March 21st. StockNews.com lowered shares of Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Wells Fargo & Company cut their target price 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. Finally, Bank of America increased their price target on shares of Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $139.15.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the chief financial officer now directly owns 32,014 shares of the company's stock, valued at approximately $4,622,821.60. The trade was a 5.27 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is owned by insiders.

Choice Hotels International Price Performance

Shares of NYSE CHH traded up $1.93 during mid-day trading on Friday, hitting $124.92. The company had a trading volume of 370,544 shares, compared to its average volume of 409,199. Choice Hotels International, Inc. has a 12 month low of $109.22 and a 12 month high of $157.86. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.90 and a beta of 1.08. The firm's 50 day simple moving average is $137.95 and its two-hundred day simple moving average is $140.56.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. The company had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. Equities analysts forecast 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 announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, April 1st. Choice Hotels International's payout ratio is 18.46%.

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.