Choice Hotels International, Inc. (NYSE:CHH) Stake Trimmed by Sei Investments Co.

Sei Investments Co. cut its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,784 shares of the company's stock after selling 2,977 shares during the period. Sei Investments Co. owned 0.06% of Choice Hotels International worth $3,803,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp raised its stake in shares of Choice Hotels International by 1.0% in the 4th quarter. Boston Trust Walden Corp now owns 949,586 shares of the company's stock valued at $134,822,000 after purchasing an additional 9,490 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Choice Hotels International by 38.5% in the third quarter. JPMorgan Chase & Co. now owns 402,293 shares of the company's stock valued at $52,419,000 after buying an additional 111,903 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Choice Hotels International during the fourth quarter valued at approximately $48,201,000. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $39,634,000 after buying an additional 2,725 shares during the last quarter. Finally, Stifel Financial Corp grew its position in shares of Choice Hotels International by 31.4% in the 3rd quarter. Stifel Financial Corp now owns 143,783 shares of the company's stock worth $18,735,000 after acquiring an additional 34,396 shares in the last quarter. 65.57% of the stock is currently owned by institutional investors.

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Choice Hotels International Stock Performance

Shares of NYSE:CHH traded down $4.53 on Monday, hitting $118.89. The company's stock had a trading volume of 671,389 shares, compared to its average volume of 412,251. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.08. Choice Hotels International, Inc. has a 12 month low of $81.34 and a 12 month high of $157.86. The stock's 50-day moving average is $140.95 and its two-hundred day moving average is $141.02.

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

Choice Hotels International Announces Dividend

The company also recently declared 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. This represents a $1.15 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International's payout ratio is currently 18.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CHH shares. Jefferies Financial Group upped their price target 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 raised their price target on shares of Choice Hotels International from $136.00 to $144.00 and gave the stock a "hold" rating in a research report on Friday, March 21st. Bank of America boosted their price objective on shares of Choice Hotels International from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Robert W. Baird raised their target price on shares of Choice Hotels International from $145.00 to $160.00 and gave the stock an "outperform" rating in a report on Tuesday, February 25th. Finally, StockNews.com lowered Choice Hotels International from a "buy" rating to a "hold" rating in a report on Saturday, March 15th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $140.62.

Insider Activity

In other news, EVP Dominic Dragisich sold 3,500 shares of Choice Hotels International stock in a transaction that occurred 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 transaction, the executive vice president now owns 68,913 shares of the company's stock, valued at $10,219,797.90. The trade was a 4.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $144.40, for a total transaction of $257,032.00. Following the completion of the sale, the chief financial officer now owns 32,014 shares in the company, valued at $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 insiders.

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.