Charles Schwab Investment Management Inc. Purchases 2,725 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Charles Schwab Investment Management Inc. grew its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 279,149 shares of the company's stock after purchasing an additional 2,725 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of Choice Hotels International worth $39,634,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in Choice Hotels International by 165.5% in the fourth quarter. Jones Financial Companies Lllp now owns 600 shares of the company's stock valued at $85,000 after acquiring an additional 374 shares during the last quarter. Norden Group LLC lifted its stake in shares of Choice Hotels International by 5.2% in the 4th 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 period. Proficio Capital Partners LLC bought a new position in shares of Choice Hotels International in the 4th quarter worth $1,895,000. CIBC Asset Management Inc acquired a new stake in shares of Choice Hotels International during the fourth quarter worth $214,000. Finally, Congress Asset Management Co. increased its holdings in Choice Hotels International by 17.3% in the fourth quarter. Congress Asset Management Co. now owns 82,131 shares of the company's stock valued at $11,661,000 after purchasing an additional 12,128 shares during the last quarter. Institutional investors and hedge funds own 65.57% of the company's stock.

Remove Ads

Insider Activity

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now owns 68,913 shares in the company, valued at $10,219,797.90. This represents a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott E. Oaksmith sold 1,780 shares of the business'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 value of $257,032.00. Following the transaction, the chief financial officer now directly owns 32,014 shares in the company, 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. 24.02% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Susquehanna boosted their target price on Choice Hotels International from $130.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their price objective on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. upped their target price on shares of Choice Hotels International from $122.00 to $135.00 and gave the company an "underweight" rating in a research note on Friday, December 13th. StockNews.com cut shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, 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 research report on Friday, February 21st. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $140.67.

Choice Hotels International Stock Performance

NYSE CHH traded up $1.33 during trading hours on Wednesday, hitting $132.23. 199,098 shares of the company traded hands, compared to its average volume of 399,129. The business's 50-day moving average is $144.53 and its 200-day moving average is $140.50. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.90 and a beta of 1.25. 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 released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The company had revenue of $389.77 million during the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Analysts predict that Choice Hotels International, Inc. will post 7.07 EPS for the current year.

Choice Hotels International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.87%. Choice Hotels International's dividend payout ratio is presently 18.46%.

Choice Hotels International 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.