State of Alaska Department of Revenue Cuts Holdings in Choice Hotels International, Inc. (NYSE:CHH)

State of Alaska Department of Revenue cut its position in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 95.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,550 shares of the company's stock after selling 59,199 shares during the period. State of Alaska Department of Revenue's holdings in Choice Hotels International were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC boosted its position in shares of Choice Hotels International by 12.9% during the third quarter. Eagle Bay Advisors LLC now owns 843 shares of the company's stock valued at $110,000 after buying an additional 96 shares during the last quarter. Huntington National Bank raised its holdings in shares of Choice Hotels International by 4.7% in the third quarter. Huntington National Bank now owns 2,267 shares of the company's stock valued at $295,000 after purchasing an additional 101 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Choice Hotels International by 5.5% during the fourth quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company's stock valued at $300,000 after purchasing an additional 110 shares in the last quarter. Malaga Cove Capital LLC boosted its holdings in Choice Hotels International by 8.0% during the third quarter. Malaga Cove Capital LLC now owns 2,034 shares of the company's stock worth $265,000 after purchasing an additional 150 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Choice Hotels International by 81.4% during the third quarter. Blue Trust Inc. now owns 399 shares of the company's stock worth $47,000 after purchasing an additional 179 shares during the last quarter. Institutional investors own 65.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Choice Hotels International from $123.00 to $129.00 and gave the stock an "underweight" rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their price objective on Choice Hotels International from $150.00 to $152.00 and gave the stock a "hold" rating in a research report on Thursday, January 2nd. Robert W. Baird raised their target price on Choice Hotels International from $138.00 to $145.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Bank of America lifted their target price on Choice Hotels International from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Wells Fargo & Company raised their price objective on shares of Choice Hotels International from $133.00 to $138.00 and gave the stock an "underweight" rating in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $136.33.

Choice Hotels International Price Performance

NYSE:CHH traded down $1.55 during trading hours on Wednesday, hitting $147.64. The stock had a trading volume of 393,183 shares, compared to its average volume of 329,561. The company has a 50 day simple moving average of $144.87 and a two-hundred day simple moving average of $138.04. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.83 and a beta of 1.23. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $156.25.

Choice Hotels International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, January 2nd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, January 2nd. Choice Hotels International's payout ratio is 22.03%.

Choice Hotels International 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.