OFI Invest Asset Management Buys Shares of 16,467 Choice Hotels International, Inc. (NYSE:CHH)

OFI Invest Asset Management purchased a new position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,467 shares of the company's stock, valued at approximately $2,258,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Choice Hotels International during the fourth quarter valued at $48,201,000. Erste Asset Management GmbH purchased a new position in Choice Hotels International during the third quarter valued at $19,545,000. JPMorgan Chase & Co. lifted its position in Choice Hotels International by 38.5% during the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock valued at $52,419,000 after purchasing an additional 111,903 shares in the last quarter. Stifel Financial Corp lifted its position in Choice Hotels International by 31.4% during the third quarter. Stifel Financial Corp now owns 143,783 shares of the company's stock valued at $18,735,000 after purchasing an additional 34,396 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in Choice Hotels International during the third quarter valued at $2,691,000. 65.57% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Choice Hotels International news, EVP Dominic Dragisich sold 3,500 shares of the business'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 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. The trade was a 4.83 % decrease in their ownership of the stock. The sale 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 shares were sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares of the company's stock, valued at $4,622,821.60. This trade represents a 5.27 % decrease in their position. The disclosure for this sale can be found here. 24.02% of the stock is currently owned by insiders.

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Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Wells Fargo & Company lowered their target price 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. Jefferies Financial Group boosted their price objective on Choice Hotels International from $150.00 to $152.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Truist Financial boosted their price objective on Choice Hotels International from $134.00 to $136.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Bank of America boosted their price objective on Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group boosted their price objective on Choice Hotels International from $118.00 to $138.00 and gave the company a "sell" rating in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Choice Hotels International currently has a consensus rating of "Hold" and a consensus price target of $140.67.

Choice Hotels International Price Performance

Shares of CHH stock traded down $3.14 during trading hours on Wednesday, hitting $130.07. The stock had a trading volume of 538,209 shares, compared to its average volume of 417,725. Choice Hotels International, Inc. has a one year low of $109.22 and a one year high of $157.86. The stock's 50-day moving average price is $145.44 and its two-hundred day moving average price is $140.31. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.90 and a beta of 1.25.

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

Choice Hotels International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders 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 yield of 0.88%. Choice Hotels International's payout ratio is currently 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.