Wellington Management Group LLP Decreases Stake in Choice Hotels International, Inc. (NYSE:CHH)

Wellington Management Group LLP lessened its position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 12.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,121,502 shares of the company's stock after selling 152,999 shares during the quarter. Wellington Management Group LLP owned about 2.39% of Choice Hotels International worth $146,132,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Choice Hotels International by 307.4% during the second quarter. Blue Trust Inc. now owns 220 shares of the company's stock worth $28,000 after buying an additional 166 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in shares of Choice Hotels International by 129.4% in the second quarter. Tortoise Investment Management LLC now owns 250 shares of the company's stock valued at $30,000 after purchasing an additional 141 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Choice Hotels International by 1,146.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 399 shares of the company's stock valued at $47,000 after purchasing an additional 367 shares during the period. Hantz Financial Services Inc. purchased a new stake in shares of Choice Hotels International during the second quarter worth approximately $56,000. Finally, Quarry LP purchased a new position in Choice Hotels International in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 65.57% of the company's stock.

Choice Hotels International Price Performance

NYSE:CHH traded up $0.60 during trading hours on Tuesday, reaching $144.02. 218,925 shares of the company traded hands, compared to its average volume of 464,644. Choice Hotels International, Inc. has a 1-year low of $108.91 and a 1-year high of $153.81. The stock has a market cap of $6.76 billion, a P/E ratio of 27.48, a P/E/G ratio of 2.34 and a beta of 1.23. The firm's 50-day moving average is $141.30 and its 200-day moving average is $129.09. The company has a debt-to-equity ratio of 177.75, a current ratio of 0.71 and a quick ratio of 0.71.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.31. The firm had revenue of $428.00 million during the quarter, compared to analysts' expectations of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm's quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. Equities research analysts expect that Choice Hotels International, Inc. will post 6.84 earnings per share for the current fiscal year.

Choice Hotels International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Tuesday, October 1st were paid a $0.2875 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a yield of 0.80%. Choice Hotels International's payout ratio is currently 22.03%.

Analyst Upgrades and Downgrades

CHH has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Choice Hotels International from $118.00 to $138.00 and gave the stock a "sell" rating in a research report on Tuesday. Truist Financial increased their price target on shares of Choice Hotels International from $134.00 to $136.00 and gave the stock a "hold" rating in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a report on Tuesday, November 5th. Morgan Stanley increased their target price on Choice Hotels International from $134.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Finally, Robert W. Baird lifted their price target on Choice Hotels International from $138.00 to $145.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Choice Hotels International currently has a consensus rating of "Hold" and an average price target of $132.27.

Insider Buying and Selling at Choice Hotels International

In other news, SVP Simone Wu sold 7,840 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares of the company's stock, valued at $5,940,623.52. This represents a 14.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick Pacious sold 26,816 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $144.69, for a total transaction of $3,880,007.04. Following the completion of the sale, the chief executive officer now directly owns 404,666 shares in the company, valued at $58,551,123.54. This represents a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,412 shares of company stock worth $8,582,271. Insiders own 24.02% of the company's stock.

About Choice Hotels International

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.