State Street Corp Has $100.25 Million Holdings in Choice Hotels International, Inc. (NYSE:CHH)

State Street Corp lowered its position in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 769,395 shares of the company's stock after selling 18,087 shares during the quarter. State Street Corp owned approximately 1.64% of Choice Hotels International worth $100,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in Choice Hotels International by 77.2% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock valued at $488,590,000 after purchasing an additional 1,788,563 shares during the period. Dimensional Fund Advisors LP lifted its stake in Choice Hotels International by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 675,142 shares of the company's stock valued at $80,340,000 after buying an additional 26,289 shares during the period. Raymond James & Associates boosted its holdings in Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company's stock worth $47,557,000 after buying an additional 113,951 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Choice Hotels International by 51.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company's stock worth $31,767,000 after buying an additional 90,765 shares during the period. Finally, Natixis Advisors LLC increased its stake in shares of Choice Hotels International by 917.2% in the 2nd quarter. Natixis Advisors LLC now owns 161,799 shares of the company's stock valued at $19,254,000 after acquiring an additional 145,893 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHH shares. JPMorgan Chase & Co. lifted their target price on Choice Hotels International from $122.00 to $135.00 and gave the stock an "underweight" rating in a report on Friday. The Goldman Sachs Group increased their target price on Choice Hotels International from $118.00 to $138.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. Susquehanna upped their price target on shares of Choice Hotels International from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Choice Hotels International from $113.00 to $114.00 and gave the stock a "hold" rating in a report on Tuesday, November 5th. Finally, Morgan Stanley upped their target price on shares of Choice Hotels International from $134.00 to $141.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Choice Hotels International has an average rating of "Hold" and a consensus price target of $134.18.

Insider Buying and Selling

In other Choice Hotels International news, EVP Dominic Dragisich sold 9,138 shares of the business's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.88, for a total transaction of $1,232,533.44. Following the completion of the transaction, the executive vice president now directly owns 68,509 shares in the company, valued at $9,240,493.92. The trade was a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Simone Wu sold 7,840 shares of Choice Hotels International stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $130.08, for a total value of $1,019,827.20. Following the completion of the transaction, the senior vice president now owns 45,669 shares in the company, valued at approximately $5,940,623.52. The trade was a 14.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,412 shares of company stock valued at $8,582,271. Company insiders own 24.02% of the company's stock.

Choice Hotels International Stock Down 0.9 %

Shares of NYSE CHH traded down $1.28 during mid-day trading on Monday, hitting $145.17. The company had a trading volume of 279,304 shares, compared to its average volume of 460,477. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 177.75. The firm has a 50-day simple moving average of $142.83 and a two-hundred day simple moving average of $130.25. The company has a market capitalization of $6.81 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. Choice Hotels International, Inc. has a one year low of $108.91 and a one year high of $153.81.

Choice Hotels International (NYSE:CHH - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.31. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $432.62 million. During the same quarter in the previous year, the firm earned $1.82 EPS. The business's quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts expect that Choice Hotels International, Inc. will post 6.84 EPS for the current year.

Choice Hotels International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, January 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Thursday, January 2nd. Choice Hotels International's payout ratio is presently 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.