Choice Hotels International, Inc. (NYSE:CHH) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,638 shares of the company's stock after purchasing an additional 2,571 shares during the quarter. LPL Financial LLC owned 0.06% of Choice Hotels International worth $3,924,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHH. Anchor Investment Management LLC purchased a new stake in shares of Choice Hotels International in the 3rd quarter worth $55,000. Tortoise Investment Management LLC grew its position in shares of Choice Hotels International by 55.8% during the fourth quarter. Tortoise Investment Management LLC now owns 430 shares of the company's stock worth $61,000 after purchasing an additional 154 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Choice Hotels International by 836.2% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 440 shares of the company's stock worth $62,000 after purchasing an additional 393 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Choice Hotels International during the fourth quarter valued at approximately $62,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Choice Hotels International in the fourth quarter worth about $65,000. 65.57% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Scott E. Oaksmith sold 1,780 shares of Choice Hotels International stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dominic Dragisich sold 3,500 shares of the firm's stock in a transaction that occurred on 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 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.

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Analyst Ratings Changes

CHH has been the subject of several research reports. Barclays increased 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. StockNews.com lowered Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Truist Financial raised their target price on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a report on Friday, March 21st. Robert W. Baird raised their price objective on shares of Choice Hotels International from $145.00 to $160.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company reduced their target price on 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. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $139.15.

Choice Hotels International Trading Down 0.9 %

NYSE:CHH traded down $1.11 during trading hours on Wednesday, hitting $124.64. 15,451 shares of the stock were exchanged, compared to its average volume of 406,388. The company has a market cap of $5.82 billion, a P/E ratio of 19.98, a P/E/G ratio of 1.90 and a beta of 1.08. The firm's fifty day moving average price is $136.86 and its 200 day moving average price is $140.48. 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 data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The company had revenue of $389.77 million for the quarter, compared to analyst estimates of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Equities analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2875 per share. The ex-dividend date is Tuesday, April 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.92%. Choice Hotels International's dividend payout ratio is presently 18.46%.

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.