Choice Hotels International, Inc. (NYSE:CHH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 1.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 316,582 shares of the company's stock after selling 5,845 shares during the period. Envestnet Asset Management Inc. owned 0.67% of Choice Hotels International worth $44,948,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Sanctuary Advisors LLC boosted its stake in shares of Choice Hotels International by 33.4% during the third quarter. Sanctuary Advisors LLC now owns 16,834 shares of the company's stock valued at $2,193,000 after purchasing an additional 4,219 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Choice Hotels International by 30.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 14,889 shares of the company's stock valued at $1,940,000 after acquiring an additional 3,446 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Choice Hotels International by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 279,149 shares of the company's stock valued at $39,634,000 after acquiring an additional 2,725 shares in the last quarter. Twelve Points Wealth Management LLC purchased a new position in shares of Choice Hotels International in the 4th quarter valued at $879,000. Finally, OFI Invest Asset Management bought a new position in shares of Choice Hotels International in the 4th quarter worth $2,258,000. Institutional investors own 65.57% of the company's stock.

Insider Buying and Selling at Choice Hotels International

In related news, EVP Dominic Dragisich sold 3,500 shares of the company's stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International 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 owns 32,014 shares in the company, valued at approximately $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 corporate insiders.

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Choice Hotels International Stock Down 0.3 %

Shares of CHH traded down $0.34 during mid-day trading on Wednesday, reaching $125.42. The company had a trading volume of 27,130 shares, compared to its average volume of 413,684. The stock has a market capitalization of $5.86 billion, a P/E ratio of 20.13, a PEG ratio of 1.90 and a beta of 1.08. Choice Hotels International, Inc. has a 52-week low of $109.22 and a 52-week high of $157.86. The stock has a 50 day moving average of $136.86 and a two-hundred day moving average of $140.48.

Choice Hotels International (NYSE:CHH - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Choice Hotels International had a net margin of 18.91% and a negative return on equity of 472.31%. The business had revenue of $389.77 million for the quarter, compared to analysts' expectations of $374.24 million. On average, sell-side analysts expect that Choice Hotels International, Inc. will post 7.07 earnings per share for the current year.

Choice Hotels International Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a yield of 0.92%. Choice Hotels International's dividend payout ratio is currently 18.46%.

Analyst Ratings Changes

Several research firms have issued reports on CHH. Robert W. Baird lifted their target price on Choice Hotels International from $145.00 to $160.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research report on Saturday, March 15th. The Goldman Sachs Group raised shares of Choice Hotels International from a "sell" rating to a "buy" rating and decreased their target price for the company from $141.00 to $138.00 in a research report on Monday. Morgan Stanley lifted their price target on shares of Choice Hotels International from $131.00 to $139.00 and gave the stock an "underweight" rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company lowered their price objective on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating for the company in a research report on Tuesday, March 4th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $139.15.

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.