Geode Capital Management LLC Has $58.87 Million Position in Choice Hotels International, Inc. (NYSE:CHH)

Geode Capital Management LLC decreased its holdings in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 414,521 shares of the company's stock after selling 4,553 shares during the quarter. Geode Capital Management LLC owned approximately 0.88% of Choice Hotels International worth $58,870,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. CIBC Private Wealth Group LLC grew its position in Choice Hotels International by 30.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 370 shares of the company's stock worth $52,000 after purchasing an additional 86 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Choice Hotels International during the 3rd quarter worth about $55,000. Tortoise Investment Management LLC lifted its stake in Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock valued at $61,000 after buying an additional 154 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Choice Hotels International by 836.2% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock worth $62,000 after buying an additional 393 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Choice Hotels International in the fourth quarter worth approximately $62,000. Institutional investors and hedge funds own 65.57% of the company's stock.

Choice Hotels International Stock Performance

Shares of NYSE CHH traded up $0.44 during trading on Friday, reaching $123.96. The company had a trading volume of 211,252 shares, compared to its average volume of 406,737. The stock has a market cap of $5.79 billion, a PE ratio of 19.90, a PEG ratio of 1.90 and a beta of 1.08. The business's 50 day moving average price is $135.70 and its 200-day moving average price is $140.31. Choice Hotels International, Inc. has a 52 week low of $109.22 and a 52 week high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $389.77 million during the quarter, compared to analyst estimates of $374.24 million. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st were issued a dividend of $0.2875 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.93%. Choice Hotels International's payout ratio is presently 18.46%.

Insider Activity at Choice Hotels International

In other Choice Hotels International news, CFO Scott E. Oaksmith sold 1,780 shares of the company'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 sale, the chief financial officer now owns 32,014 shares in the company, valued at $4,622,821.60. This represents a 5.27 % 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, EVP Dominic Dragisich sold 3,500 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $148.30, for a total value of $519,050.00. Following the sale, the executive vice president now directly owns 68,913 shares of the company's stock, valued at $10,219,797.90. This represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird boosted their target price 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. Jefferies Financial Group reduced their price target on Choice Hotels International from $154.00 to $133.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. StockNews.com lowered shares of Choice Hotels International from a "buy" rating to a "hold" rating in a research note on Saturday, March 15th. Barclays increased their price target on Choice Hotels International from $129.00 to $132.00 and gave the company an "underweight" rating in a report on Friday, February 21st. Finally, Wells Fargo & Company lowered their price target on Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 4th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Choice Hotels International presently has an average rating of "Hold" and an average price target of $139.15.

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.