Victory Capital Management Inc. Sells 292,782 Shares of Choice Hotels International, Inc. (NYSE:CHH)

Victory Capital Management Inc. reduced its stake in shares of Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 35.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 532,558 shares of the company's stock after selling 292,782 shares during the quarter. Victory Capital Management Inc. owned about 1.13% of Choice Hotels International worth $69,392,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Choice Hotels International by 77.2% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,105,796 shares of the company's stock valued at $488,590,000 after buying an additional 1,788,563 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Choice Hotels International by 7.7% in the first quarter. Vanguard Group Inc. now owns 2,738,088 shares of the company's stock valued at $345,957,000 after buying an additional 195,956 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Choice Hotels International by 917.2% in the second quarter. Natixis Advisors LLC now owns 161,799 shares of the company's stock valued at $19,254,000 after buying an additional 145,893 shares during the period. Raymond James & Associates lifted its holdings in shares of Choice Hotels International by 45.4% during the third quarter. Raymond James & Associates now owns 364,983 shares of the company's stock valued at $47,557,000 after purchasing an additional 113,951 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Choice Hotels International by 51.5% during the second quarter. Envestnet Asset Management Inc. now owns 266,950 shares of the company's stock valued at $31,767,000 after purchasing an additional 90,765 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors.

Insider Transactions at Choice Hotels International

In related news, SVP Simone Wu sold 7,840 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $130.08, for a total transaction of $1,019,827.20. Following the completion of the sale, the senior vice president now owns 45,669 shares in the company, valued at $5,940,623.52. This represents a 14.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dominic Dragisich sold 9,138 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $134.88, for a total value of $1,232,533.44. Following the sale, the executive vice president now owns 68,509 shares of the company's stock, valued at approximately $9,240,493.92. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,437 shares of company stock worth $9,788,980. 24.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Truist Financial reduced their target price on Choice Hotels International from $144.00 to $134.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. The Goldman Sachs Group upped their target price on Choice Hotels International from $105.00 to $118.00 and gave the company a "sell" rating in a report on Tuesday, November 5th. Jefferies Financial Group downgraded Choice Hotels International from a "buy" rating to a "hold" rating and set a $150.00 target price for the company. in a report on Wednesday, November 6th. UBS Group reduced their target price on Choice Hotels International from $126.00 to $125.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Choice Hotels International from $113.00 to $114.00 and gave the company a "hold" rating in a research report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Choice Hotels International currently has an average rating of "Hold" and a consensus target price of $130.00.

Choice Hotels International Stock Up 1.2 %

Shares of CHH traded up $1.68 during trading hours on Friday, hitting $145.87. 142,838 shares of the company were exchanged, compared to its average volume of 477,693. The company has a market cap of $6.84 billion, a PE ratio of 27.63, a PEG ratio of 2.29 and a beta of 1.24. The firm's 50 day moving average is $133.93 and its 200-day moving average is $125.35. Choice Hotels International, Inc. has a 52 week low of $108.91 and a 52 week high of $149.75. The company has a debt-to-equity ratio of 177.75, a quick ratio of 0.71 and a current ratio of 0.71.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.31. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $432.62 million. Choice Hotels International had a negative return on equity of 659.01% and a net margin of 16.27%. The firm's revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. On average, equities research analysts forecast that Choice Hotels International, Inc. will post 6.83 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.15 annualized dividend and a dividend yield of 0.79%. Choice Hotels International's dividend payout ratio (DPR) is presently 22.03%.

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.